Egypt- IDB pre-tax profit increases %3.1 to EGP 391m in 2019
The Industrial Development Bank reported pre-tax profit of about EGP 391m at the end of December 2019, compared to about…
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QIB retains Best Islamic Bank in The Middle East and Qatar position from The Banker Magazine
Qatar Islamic Bank continues to demonstrate its commitment to service excellence and growth by retaining its leading position in the…
10 Israeli companies banking on 5G success
The dramatic upgrade in telecommunication capabilities provided by 5G, the fifth generation technology standard for cellular networks, is already resulting…
Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members
Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude…
UAE- Sharjah Islamic Bank successfully prices $500m sukuk
Sharjah Islamic Bank has priced a $500 million 5-year long sukuk, with a profit rate of 2.85 per cent per…
UAE issuers are hitting a rich vein with bonds
Leading UAE banks have come to the bond market, and they are getting a warm response. Sharjah Islamic Bank…
1.2 million expats forecast to leave Saudi Arabia this year
More than 1.2 million expat workers are expected to leave Saudi Arabia over the course of 2020, according to figures…
Emirates Adds Flights to New York, London and Singapore
Emirates and Qatar Airways will add more cities to their destinations and boost flights on existing routes as the carriers…
Turkey Wealth Fund plans $2 billion bond sale – report
Turkey’s sovereign wealth fund plans to sell at least $2 billion of Eurobonds later this year after increasing its investments…
Goldman Sachs raises 12-month gold price forecast to $2,000
Analysts at Goldman Sachs have raised their 12-month price forecast to $2,000 per ounce from the previous estimate of $1,800. …
Private investors to have more role on government-owned land in Abu Dhabi
Private sector investors will get more opportunities to develop land owned by Abu Dhabi Government agencies. This follows a move…
Qatari Islamic lenders outweigh conventional banks in first quarter
GCC Islamic banks continued to outweigh their conventional counterparts in a number of metrics in the first quarter of 2020.…