FAB posts Q3 net profit up 4% at $680m
First Abu Dhabi Bank has reported a net profit of AED2.5 billion ($680 million) for the third quarter (Q3) of…
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JCB in pact with Riyad Bank to expand in Saudi Arabia
JCB International has entered an acquiring partnership with Riyad Bank to enable acceptance of JCB cards at merchant terminals and…
Barwa to develop new real estate projects from QR10bn land bank
Barwa Real Estate is currently in the process of identifying new real estate projects it will develop from its land…
CBO issues treasury bills worth OMR29 million
Oman’s central bank raised OMR29 million by way of allotting treasury bills on Tuesday. The treasury bills are for…
CBUAE imposes administrative sanctions on two exchange houses operating in the UAE
On 4th of October 2020, the Central Bank of the UAE has imposed sanctions on two exchange houses operating in…
A framework agreement of cooperation between IsDB and Standard Chartered Bank
IsDB President Dr. Bandar Hajjar and M. Sunil Kaushal, CEO for Africa and Middle East, Standard Chartered Bank, signed a…
Nama Shared Services signs credit insurance system agreement with Credit Oman
Nama Shared Services Company, a member of Nama Group, signed a credit insurance system agreement with Credit Oman. Ahmed…
Egypt's Madaar plans $955mln investments in Azha Ain Sokhna
Madaar Development is planning to invest EGP 15 billion in the Azha project, spanning over 404 feddans (1.7 million square…
Central bank digital currencies on track for financial systems
For sure, most major global central banks - including the largest, the US Federal Reserve - are now toying with…
Sharjah completes work on $4.6mln market projects
The Sharjah Directorate of Public Works has announced that work has been fully completed on a Friday Market, livestock market,…
UAE bank unveils wealth offering for emerging affluent clients
Abu Dhabi Islamic Bank has launched ADIB Rise, an offering to cater to the needs of emerging affluent customers in…
QInvest advises QTerminals on its acquisition of Akdeniz Port in Turkey
Leading investment bank QInvest has advised Qatari port operator, QTerminals, on a sale and purchase agreement for the acquisition of…