Saudi Arabia Posts $38.1B Budget Deficit In H1 2020
TOPLINE Saudi Arabia posted a deficit of $38.1 billion in the first half of 2020 as low oil prices…
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KPMG lauds the Saudi government's agile Covid-19 response
Rapid and decisive measures taken by the Saudi government have helped the Kingdom limit Covid-19’s impact on its economy. This…
Allfunds strengthens its social commitment and joins the United Nations Global Compact
It is a further step in consolidating the responsible approach of Allfunds through economic, social and environmental performance. The…
Turkey exempts foreign development banks from curbs on TL access
Turkey's Banking Regulation and Supervision Agency said Tuesday it will exempt international development banks from some restrictions on access to…
Qatar First Bank announces half-year 2020 financial results
Qatar First Bank a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange, has managed…
QIB welcomes Al Meera to its prestigious Absher Rewards Programme network
Qatar Islamic Bank has announced that Al Meera Consumer Goods Company, Qatar’s favourite neighbourhood retailer, as the latest addition to…
National Bank of Fujairah sees 81.8% drop in first-half 2020 net profit
National Bank of Fujairah saw operating income drop 10.2 per cent to Dh755.6 million in the first six months, with…
Al Salam Bank-Bahrain launches new and fully customizable digital banking app
Al Salam Bank-Bahrain has announced the launch of its new state-of-the-art digital banking application. The new app will offer…
Aramco CEO honored with Kavaler Award
Amin Nasser, the president and CEO of Saudi Aramco, is to receive the prestigious Kavaler Award for his work in…
Coronavirus hits Gulf banks in Q2 but full impact of bad loans looms
Most Gulf banks' profits plunged in the second quarter after a spike in impairment charges for expected credit losses, as…
New EBRD loan of €40 million to Turkey’s Aklease
EBRD providing €40 million to Turkish leasing company Aklease Greater access to finance for companies to overcome negative effects of…
Martin Currie CEO handed top EMEA role as Franklin/Legg deal nears close
Martin Currie’s chief executive officer, Julian Ide, will assume a senior role within Franklin Templeton’s EMEA distribution efforts as it…