Turkish central bank to stay on hold amid inflation risks
Following a surprising end to its long rate cutting cycle, which started in mid-2019 with the objective of lowering the…
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Ahlibank posts half-yearly net profit of QR294mn
Ahlibank has posted a net profit of QR294mn for the first six months of the year (H1) that ended in…
Emirates Islamic announces First Half 2020 Financial results
Emirates Islamic has announced its financial results for the half year ending 30 June, 2020. The Bank reported a…
Kuwait banking sector to remain stable, strength depends on length of crisis – c.bank
Kuwait's banking sector is expected to remain stable to a large degree, the central bank governor said in a report…
BNY Mellon Secures Custody Licence from Saudi Arabia’s CMA
The Capital Market Authority (CMA) recently announced that it has come to the resolution to authorise BNY Mellon Saudi Financial…
Exclusive: Kuwait scrambles to boost coffers with up to $16 billion debt plan
Kuwait plans to issue between 4 billion and 5 billion dinars ($13 billion to $16 billion) in public debt by…
Saudi Real Estate Refinance Co signs 3 billion riyals deal with pension agency
Saudi Real Estate Refinance Co (SRC), the Saudi equivalent of U.S. mortgage finance business Fannie Mae, said on Sunday it…
Emirates NBD reports Dh4.1b first-half 2020 net profit, down 45% year-on-year
Emirates NBD has reported Dh4.1 billion as net profit for the first six months of 2020, down 45 per cent…
Emirates Islamic Bank nets Dh12m as first-half 2020 profit
Emirates Islamic, part of Emirates NBD Group, reported net profits of Dh12 million for the first-half of 2020, attributing the…
COVID-19 will result in a permanent increase in compliance risk
New research report Today we release our "COVID-19: Compliance Risk Survey 2020" report, following a survey of Board directors and…
UAE’s personal wealth shoots past $400 billion mark
Personal wealth held by UAE residents surged to $400 billion between 2014 and 2019, with 48.5 per cent of it…
Siraj Holding completes deal for Al Hilal Bank's Islamic insurance business
Private investment firm, Siraj Holding, has officially acquired Al Hilal Takaful, the Islamic insurance business and operations of Al Hilal…