Turkey: Banking sector net profit at $7.4B in Jan-Nov
Turkey’s banking sector posted a net profit of 57.3 billion Turkish liras ($7.37 billion) in the first 11 months of…
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Dubai’s Empower awards $380m in construction contracts, up 23% since 2019
Dubai’s Emirates Central Cooling Systems Corporation awarded construction contracts worth $380 million in 2020, a year-on-year increase of 23 percent.…
Saudi Arabia eyes bigger overseas investments in industrial, services sectors: minister
Saudi Arabia is looking to boost its overseas investments and expand its global footprint in several sectors including industrials and…
Fitch affirms Doha Bank rating at ‘A’, with stable outlook
Fitch Ratings has affirmed the Doha Bank’s IDRs, Support Rating (SR), and Support Rating Floor (SRF) with Stable Outlook, reflecting…
Qatar trade surplus at QR9.1bn in November
Qatar’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR9.1bn in…
Finablr names new CEO ahead of takeover by Israeli-UAE consortium
Finablr Plc said on Tuesday its Chief Executive Officer Bhairav Trivedi would step down from his role and be replaced…
Pandemic speeds up UAE’s transition to cashless ecosystem
The Covid-19 pandemic has accelerated the UAE’s transition to a cashless society by increasing people’s trust in digital transactions and…
Saudi King Salman welcomes participation of Gulf leaders in GCC summit
Saudi Arabia’s King Salman is looking forward to welcoming the leaders of the other Gulf Cooperation Council countries at the…
Saudi and Azerbaijan clinch $300m renewable energy projects
Saudi Arabia and Azerbaijan have signed groundbreaking agreements for $300 million worth of renewable energy projects in the Caspian country.…
2020: Who were the business winners and losers?
Unusual or harrowing would probably be good terms to describe 2020. As the coronavirus pandemic took hold of the world,…
Emirates NBD recognised as Best Retail Bank in UAE by Retail Banker International
Emirates NBD has won top international honours for its leadership in retail banking and digital innovation at the recently held…
EBRD to co-finance investment projects with Turkey’s Garanti BBVA
EBRD extends risk-sharing facility to Garanti BBVA Partnership to help improve access to finance for Turkish firms at critical time…