Abu Dhabi's Aldar sees steady revenues, but profits dip in Q1-2020
Abu Dhabi’s Aldar Properties recorded Dh1.76 billion in revenues for the first three months, and unchanged from last year. But…
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Bank Muscat AGM approves 35% cash dividend, 5% bonus shares
Bank Muscat held its Annual Ordinary General Meeting and an Extraordinary General Meeting of the bank’s shareholders using the electronic…
Saudi British Bank completes 1st Phase with “Wethaq”
The Saudi British Bank has completed the first phase of automating bank guarantees through “Wethaq” digital platform,recently launched by The…
Dentons four-day week gets go-ahead
Staff at the largest law firm in the world by lawyer headcount, Dentons, have voted overwhelmingly in favour of temporary…
Saudi Islamic Banks' Financial Metrics Deteriorated, but Sound
Fitch Ratings-London/Dubai-19 May 2020: Saudi Islamic banks' financial metrics deteriorated mildly in 2019 but remained sound, Fitch Ratings says in…
Moody’s affirms QIIB rating at ‘A2’ with stable outlook
The global rating agency Moody’s has affirmed QIIB ‘s rating at ‘A2’ with a stable outlook, QIIB announced yesterday. …
Fiscal Nightmare Ties Up Kuwait’s Stimulus With 40% Deficit
Crisis economics gets complicated when the budget deficit could be equivalent to two-fifths of a nation’s entire output. It’s…
Kuwait banks are fully committed in their fight against money laundering and terror financing
The Kuwait Banking Association affirmed the keenness of Kuwaiti banks to fully comply with all provisions of Law No. 106…
QDB extends coverage period of National Response Guarantee Program
In implementation of the directives of the Amir HH Sheikh Tamim bin Hamad Al-Thani to support and provide financial and…
Saudi Re strengthens Board of Directors with key appointments
Saudi Reinsurance Company has appointment two seasoned reinsurance professionals - Dr. Peter Hugger and Mr. Marc Maipoux - to its…
Fiscal Nightmare Ties Up Kuwait’s Stimulus With 40% Deficit
Crisis economics gets complicated when the budget deficit could be equivalent to two-fifths of a nation’s entire output. It’s…
Fraudster David Haigh loses English court action to avoid $6m debt recovery
England’s High Court has upheld a UAE ruling that Bahrain’s GFH Financial Group can pursue its former executive and convicted…