SICO reports BD 1.7 million net profit in the first mine months of 2020
SICO BSC (c),has announced its consolidated results for the third quarter and nine-month period ended 30 September 2020. On…
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What Bank Of The Future Looks Like
The path to recovery in the aftermath of COVID-19 and the increasingly essential role of Artificial Intelligence and big data…
Bahrain first in GCC to allow use of convertible notes
Bahrain has become the first in the GCC to allow businesses to raise capital via convertible notes – a type…
Oman announces Omani Rial sovereign Sukuk issuance for retail investors
The Government of Oman represented by the Ministry of Finance has announced the successful completion of Series 4 of the…
Aldar Q3 2020 revenue up 30% to AED 2.1 billion and net profit up 8% to AED 416 million driven by record quarter for development business
Development business delivers record quarterly revenues of AED 1.29 billion in Q3, up 101% year-on-year Record quarter for development sales…
Italy looks to new business and political ties with Saudi Arabia
The Italian government has praised Saudi Arabia’s running of the G20 amid “very challenging” circumstances due to the coronavirus disease…
Despite Brexit, UK still key destination for wealthy Gulf expats
The number of wealthy Gulf nationals living in the UK has reached a five-year high, as the appeal of the…
Kuwait’s $124bn pension fund plans infrastructure boost
Kuwait’s $124bn pension fund, which posted a record first-half profit, plans to double its infrastructure investment and boost exposure to…
Standard Chartered Signs Deal With AWS
Amazon Web Services and Standard Chartered Bank has announced a five year, strategic global agreement, which deepens the existing relationship…
Third quarter revenues propel Waha capital into profit
Third quarter performance moves Public Markets division’s flagship funds into positive returns for the year Private Investment division contributes improved…
Shuaa Capital delivers solid Q3 performance, with Q3 net profit of $16.97mln
SHUAA Capital, has announced its financial results for Q3-2020, delivering a solid performance, with net profit of AED 59 million…
Conditions to Meet Before Liquidation of Company in UAE
Liquidation is the formal process of closing (or ‘winding down’) a company and selling its assets. The proceeds then go…