Qatar businessmen keen on Islamic finance in PH
Qatari businessmen are pushing for the planned cooperation on Islamic banking with the Philippines as they looked into collaboration in…
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Top UAE banks report lower Q3 profits on higher impairments
Challenging macroeconomic conditions—low interest rates leading to repricing of portfolios, falling oil price and disruptions to economic activities due to…
Kamco Invest cuts 9-month losses to $4.5mln
Kuwait-based Kamco Invest, a financial powerhouse, has posted a net profit of KD2.5 million ($8.15 million) in Q3 2020 (Q3…
Saudi SABB Takaful Q3 losses widen 108%
The net losses of SABB Takaful Co deepened by 108% year-on-year (YoY) during the third quarter (Q3) of 2020, reaching…
Al Rajhi Bank calls off merger talks with MIDF
Al Rajhi Bank said it ended and discontinued the merger discussions between its fully-owned subsidiary, Al Rajhi Banking and Investment…
Bloom holding announces Walid el-Hindi as new CEO
With over 25 years of professional experience in the Real Estate Development Sector, Walid El-Hindi is joining Bloom Holding to…
PwC: Companies Need to Improve Working Capital Performance in the Middle East
Middle East companies need to act now and improve working capital performance in order to fare better on the road…
Dubai watchdog stiffens oversight after private equity failures
Dubai’s financial regulator has been stepping up scrutiny of firms to avoid a repeat of two high-profile failures in the…
A guide to banking in Qatar
One of the biggest concerns when moving to another country is how to manage money. But with this helpful guide,…
Banks’ credit witnesses growth in September
Rise in economic activity in the country has led to increase in credit offtake from banks. The total domestic credit…
MEPCO renews $53.33mln loan deal with Saudi Bank Albilad
Middle East Paper Company has extended a Sharia-compliant credit facility agreement worth SAR 200 million with Bank Albilad. The…
UAE eCommerce sector to continue upward trajectory as digital payments boom during COVID-19
· 61% are now using cards or digital wallets more to make payments online instead of opting for cash on…