Solid growth in manufacturing sector drives Qatar’s industrial production index up in June
As the coronovirus restrictive measures in Qatar and other parts of the world have started easing in a phased manner,…
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QDB extends coverage period of National Response Guarantee Program
In implementation of the directives of the Amir HH Sheikh Tamim bin Hamad Al-Thani to support and provide financial and…
Eshraq Investments buys back 5m shares to give stock a boost
Abu Dhabi’s Eshraq Investments confirmed that it has bought back 5 million of its shares, representing 10 per cent of…
Saudi wealth fund PIF launches real estate company Roshn
Saudi Arabia's wealth management giant Public Investment Fund has launched a new real estate company to build "world-class" integrated communities…
COVID-19: World Bank chief warns extreme poverty could surge by 100m
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David…
Al Salam Bank-Bahrain launches new mobile application
Al Salam Bank-Bahrain last week marked the beginning of an exciting new chapter in its ongoing journey towards digitisation with…
Rising provisions take toll on Saudi bank profits in first half of 2020
Rising loan loss provisions adversely impacted profits of Saudi Arabia’s banks in the first half of 2020 despite an improvement…
First Abu Dhabi Bank extends Dh3.97b as rebates to small businesses
The First Abu Dhabi Bank (FAB) is extending nearly Dh4 million in rebates to merchants as part of Abu Dhabi’s…
Open Banking Is Increasingly Being Adopted by Fintech Sector in Bahrain and the MENA Region
Bahrain introduced its first Open Banking product for the MENA region during December of last year. The central bank…
Ex-Guardian Wealth Qatar CEO hit with fine and ban
The QFC Regulatory Authority has announced that it had taken disciplinary action against the former CEO of Guardian Wealth Management…
CCB lists $1.2b green bonds on Nasdaq Dubai
China Construction Bank Corp celebrated the listing of two green bonds of $700 million and $500 million, totaling $1.2 billion,…
UAE: National Banks’ Assets Soar to $816 Billion in H1 2020
Total assets of the 18 listed national banks in the UAE rose to around AED3 trillion ($816 billion) in H1-2020,…