Coronavirus: Bahrain sees fintech take-up surge amid Covid-19 crisis
Bahrain’s mobile payment app has seen a huge surge in take-up during the Covid-19 coronavirus pandemic as the country’s population…
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ICD net profit jumps 16.9% to $6.81bn in 2019
Investment Corporation of Dubai (ICD) today announced its consolidated financial results for the year ended December 31, 2019 having achieved…
EBRD and EU support small business Blessing in Lebanon
During coronavirus and Ramadan the company helps families in need With business advice from the EBRD and support from…
More COVID-19 cases emerge in Middle East as world continues gradual return to normal life
Parts of the Middle East have recorded more infections of COVID-19 In recent days, with the global number of cases…
Saudi banks maintained sound financial metrics in 2019, but under pressure – Fitch
Saudi banks maintained sound financial metrics in 2019 but witnessed a mild deterioration across most core metrics in a more…
Qatar banks’ net profit growth averages 5.5% in 2019: KPMG
Qatar’s banking sector saw “positive” results in 2019, with an average 5.5% growth in net profit, which is attributable to…
GCC banks consolidation drive to continue in 2020, says KPMG
Lenders in the GCC have been rapidly consolidating as they seek to remain competitive, KPMG said and noted the drive…
Moody’s affirms QIIB rating at ‘A2’ with stable outlook
QIIB has announced that the credit rating agency Moody’s has affirmed the bank’s rating at ‘A2’ with a stable outlook,…
Etisalat CEO Al Abdooli resigns, Dowidar appointed acting chief
Etisalat Group announced on Wednesday the resignation of Saleh Al Abdooli as the group's Chief Executive Officer. In a…
Ready for the Digital era in Treasury ?
Amid the COVID-19 pandemic, the expanding role of the treasury function and the accelerated pace of innovation and technology, treasury…
Dubai’s ICD faces ‘adjustment’ in wake of pandemic downturn
The Investment Corporation of Dubai (ICD), the sovereign wealth fund that holds some of the emirate’s most valuable assets, is…
ABK Egypt's profit grows 22% in Q1-20
Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) reported a 22% year-on-year (YoY) growth in its net profits to EGP…