First Abu Dhabi Bank joins Middle East lenders in raising provisions
Abu Dhabi’s biggest lender joined its regional Gulf competitors in setting aside higher provisions to cover a spike in bad…
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Qatari Commercial Bank Says The Worst Oil Shock Is Over
The worst of the shock to oil markets and economies stemming from the COVID-19 pandemic is already behind us, the…
Gulf banks are weathering the pandemic storm — for now
A shiver went through the UAE’s financial community last week when Emirates NDB, the champion of the Dubai banking business…
Credit Suisse Hiring Morgan Stanley Dubai Banker Luthra
Credit Suisse Group AG is hiring Morgan Stanley dealmaker Tara Luthra to help expand its investment banking operations in the…
NBB H1 profit down 27.3% on Covid-19 impact
National Bank of Bahrain has reported a 27.3% decrease in its net profit attributable to equity shareholders to BD29.1 million…
Turkey under pressure as inflation forecasts rise
Turkey’s central bank, under pressure from rising prices and a volatile drop in the lira, ratcheted up inflation forecasts on…
UAE's Network International to acquire African payments' firm DPO
Dubai headquartered-Network International has announced it will acquire African-based technology-enabled payments enabler DPO Group for $288 million. The acquisition…
Metlife Gulf releases its 2020 Claims report
MetLife Gulf recently released its latest claims report, underlining its continued support for its customers through its enhanced claims program,…
DGCX appoints Abdullah Harmoozi as Head of Outreach & Engagement
The Dubai Gold and Commodities Exchange has appointed, Abdullah Harmoozi, as Head of Outreach & Engagement. In his new role,…
Goldman Sachs hikes 12-month gold price forecast to $2,300
Goldman Sachs on Tuesday raised its 12-month gold price forecast to $2,300 per troy ounce (toz), aided by expectations of…
Apex Dubai Expands Relationship with ENBD REIT
Apex Group Ltd. has announces its appointment by ENBD REIT (CEIC) PLC (“ENBD REIT”) to provide property-level accounting and reporting…
Gulf banks are weathering the pandemic storm — for now
A shiver went through the UAE’s financial community last week when Emirates NDB, the champion of the Dubai banking business…