COVID-19 headwinds to hurt Saudi banks’ profitability
Saudi Bank’s profitability that witnessed improvement in the first quarter of 2020 is likely to be impacted by COVID-19 headwinds…
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Creating Wealth: Taking successful business experience overseas through a joint venture
Expanding to an overseas market can prove to be challenging for many businesses that are successful in their domestic market.…
Warba Bank's customer experience formula: placing customers at the heart of every journey
Financial institutions today face a continuous deluge of competitive pressures from all sides, chief among them being the ongoing and…
Middle East Banks Pair Up to Weather Oil’s Plunge and Virus
The global pandemic and an oil price rout are prompting a new wave of consolidation talk among banks in the…
Saudi Ground Services signs $133.3mln murabaha with Saudi British Bank
The Saudi Ground Services Company (SGS) has signed a 500 million Saudi riyals ($133.3 million) murabaha financing agreement with the…
Kuwait banks warn of millions in losses as loan repayments are delayed
A number of Kuwaiti banks have warned of millions of dollars in losses due to delays of repayments of loans…
Top 10 Arab Family Businesses in 2020
In the Middle East, family businesses are the backbone of the region’s economy where some of the largest businesses are…
Islamic Development Bank Group to respond to COVID-19 with USD 2.3 Billion package
A crowd of over 700+ engaged participants comprising of exceptional entities, seasonal practitioners, Government officials, individual investors, business associations, entrepreneurs,…
S&P Global expects sukuk issuance to touch $100bn in 2020
Sukuk issuance volume is expected to total around $100bn for 2020, about 40 percent lower than in 2019. The…
Qatar Airways now requires passengers to wear face shields as well as masks
Qatar Airways has introduced a new regulation for all of its passengers - as well as wearing a face mask…
Northern Trust Appointed by Azimut Limited to Deliver Asset Servicing and Portfolio Reporting Services
Northern Trust has announced that it has been appointed by Azimut Limited to provide asset servicing and portfolio reporting for…
Digital transformation is key for post-covid enterprise resilience
The Middle East division of global consulting firm Protiviti recently hosted a virtual session on the role of digital transformation…