Saudi Marketing signs $26.67mln financing deal with Bank Albilad
Saudi Marketing Company has signed a 100 million Saudi riyals ($26.67 million) Islamic credit facility agreement with Bank Albilad. …
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QFCRA takes disciplinary action against former CEO of company
The QFC Regulatory Authority announced yesterday that it had taken disciplinary action against the former CEO of Guardian Wealth Management…
Normalisation of ties with Israel will support UAE tourism and transport: Moody's
The agreement between Israel and the UAE to normalise their diplomatic relations will have important economic and geopolitical ramifications for…
Manufacturing sector growth helps Qatar’s industrial production expand in June
A robust growth in the manufacturing sector — especially cement, refined petroleum goods, chemicals, rubber and plastics and beverages —…
Dubai law to regulate family businesses
The law, which defines the terms of the family ownership contract, and the powers and obligations of its manager, is…
QFMA sheds light on key efforts and achievements in its 2019 annual report
The Qatar Financial Markets Authority (QFMA) has issued its 2019 annual report, which includes a detailed summary of the QFMA's…
Qatar’s Islamic banks fare well in 2019 balance sheet growth
Islamic banks have fared well in balance sheet growth than their conventional counterparts last year, the Qatar Central Bank (QCB)…
Mohammed bin Rashid enacts amendments to DIFC’s Common Reporting Standard Law
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has enacted the Common…
Al Salam Bank reports BD 7.1 million net profit in first half of 2020
Al Salam Bank-Bahrain reported a net profit attributable to shareholders of BD 7.1 million in the six months ending 30…
There are Now At least 60 Fintech Firms Operating in Saudi Arabia, with 100 Startups in Concept or Pre-Launch Phase
Fintech Saudi, an initiative that aims to transform Saudi Arabia into an innovative Fintech Hub with “a thriving and responsible”…
Egyptian bank Beltone diversifies in hunt for profitability
Egyptian investment bank Beltone Financial Holding is diversifying into non-banking financial activities in a bid to return to profit in…
New Faces at Oman’s Central Bank, Ministries as Deficit Swells
Oman replaced its finance minister and central bank chairman, consolidating ministries as it’s headed for one of the biggest budget…