RAKBank reports Dh306m first half 2020 net profits
National Bank of Ras Al-Khaimah (RAKBank) on Wednesday reported a consolidated net profit of Dh306.6 million for the first half…
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Dubai launches economic program for post-COVID recovery
Dubai has launched an economic program as part of its efforts to reshape the emirate’s economy and try to assure…
BNP Halts New Commodity Trade Finance Deals as It Reviews Unit
BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe,…
Fitch Named Best Islamic Finance Rating Agency for Fourth Year
Fitch Ratings has been recognised as the Best Rating Agency for Islamic Finance for the fourth consecutive year by The…
Afreximbank wins 2 EMEA Best Structured Finance awards
The African Export-Import Bank (Afreximbank) has been recognised by EMEA Finance’s 12th African Banking Awards for two transactions processed under…
Mideast Islamic banks, investors urged to expand operations to Philippine market
Islamic banks and investors from the Middle East have been urged to expand their operations into the Philippines which is…
Lebanon's banking, economic and political systems were already under threat before the explosion. Here's why
The massive blast that hit Lebanon's capital on Tuesday has delivered yet another devastating blow to a country already rocked…
It’s always about the oil in the Middle East
Despite US President Donald Trump’s claim that the United States no longer needed Middle East oil following the attacks on…
Turkish, Asian banks sign $200M loan deal to finance infrastructure firms
The Industrial Development Bank of Turkey and the Asian Infrastructure Investment Bank have signed a $200 million loan deal to…
Abu Dhabi And Dubai Launch New Initiatives In A Bid To Reshape The UAE Economy
As the UAE moves to simplify doing business in the country, the Abu Dhabi Department of Economic Development on Tuesday…
Emirates REIT hires Houlihan Lokey for strategic review
Emirates REIT, a Dubai-based sharia-compliant real estate investment trust, said on Monday it had appointed Houlihan Lokey to advise its…
Waha Capital lowers net losses in H1-20
The financial results of Waha Capital showed net losses of AED 27.21 million in the first half (H1) of 2020,…