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)…
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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…
UAE national banks’ assets hit $816bn in H1
Total assets of the 18 listed national banks in the UAE rose to around AED3 trillion ($816 billion) in H1-2020,…
Islamic banking boosts economies in the Middle East and North Africa
Islamic banking is developing at an impressive pace, so understanding this process is of interest to scientists in the context…
Saudi Arabia's SABIC picks banks for dollar bond – sources
Saudi Basic Industries Corp 2010.SE, the world’s fourth-biggest petrochemicals firm, has picked banks to arrange a U.S. dollar denominated bond…
Dubai fraudster David Haigh made bankrupt after losing $5m case
David Haigh, a convicted fraudster who led GFH Financial Group's (GFH) bid for an English football team, has declared bankruptcy…
Sheikh Mohammed reviews UAE's 'New Economy' gameplan
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai reviewed…
Apple Maps can now provide turn-by-turn directions in UAE
Smartphone users across the country will now get turn-by-turn directions from Apple Maps while walking or driving, the tech giant…