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…
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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…
Sustainable investing gains momentum in wake of Covid-19
A vast majority of regional investors have become interested in sustainable investing in the wake of the Covid-19 pandemic, according…
Emerging Markets in Search of a Fresh Impetus
EM equities and bonds have stalled in recent day Recovery prospects for some EMs have been dimmed by poor virus…
Sukuk Market Developing Fastest in Saudi Arabia
A government sukuk program has spurred greater corporate issuance in Saudi Arabia. Launched in 2017 with the aim to…
Smart robotics can transform Middle East’s $17bn supply chain
This pandemic period has made it apparent that being reliant on a few countries for production means that when the…
BankDhofar’s CEO appointed chairman of OBA
BankDhofar’s Chief Executive Officer Abdul Hakeem Omar Al Ojaili has been appointed as the Chairman of the Board of Directors…
Lebanon advisers to ‘work on compromise’ on financial plan
Lebanon’s financial adviser Lazard will see if a government financial rescue plan can be adjusted to reach a compromise workable…