QIIB net profit reaches QR785mn at end of third quarter
QIIB was able to continue achieving distinguished results despite the challenges, deriving its strong position from the Qatari economy, says…
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Qatar-Owned Quintet Builds Family Office Unit With Key Hires
Qatar-owned Quintet Private Bank SA has made key hires from rival banks as it builds out a business to manage…
MENA’s open banking platform, Tarabut Gateway, launches in UAE
Tarabut Gateway, the MENA region’s first and largest regulated open banking platform, has launched in the UAE. The company…
UAE merges Insurance Authority with Central Bank
The sudden merger, which took many in the insurance sector by surprise, was confirmed via Twitter by Dubai's ruler, Sheikh…
Arab Bank posts $215.2 million net profit in 9 months
Arab Bank Group reported net income after tax of $215.2 million for the nine months of 2020, compared to $668.9…
76% of MENA Professionals Are Satisfied With Virtual Communication Effectiveness in Their Company
92% of respondents have all the resources they need to communicate virtually with their manager and colleagues MENA, 27 October…
OQIC appoints local talent, names new CEO to drive strategic developments
Oman Qatar Insurance Company a premier insurer in Oman and a subsidiary of Qatar Insurance Company (QIC), the flagship insurer…
Oman records decrease in general deficit of 2019 budget
The general deficit of the Sultanate’s budget in 2019 recorded a decrease of six per cent. According to the…
Dubai developer Union Properties pays off $19mln of debt
Dubai real estate developer Union Properties has paid off AED 70 million ($19 million) of debt from its largest lender…
UAE's biggest bank FAB posts 19% drop in Q3 net profit
First Abu Dhabi Bank, the United Arab Emirates' biggest lender, reported a 19% fall in quarterly profit on Monday, dragged…
Dubai's Al Mal Capital secures approval for REIT IPO
The UAE Securities and Commodities Authority has approved the initial public offering of Al Mal Capital REIT, with a subscription…
DIB to suspend services for final merger phase with Noor Bank
Dubai Islamic Bank will temporarily suspend its services to complete the final phase of its merger with Noor Bank. The…