First Abu Dhabi Bank puts talks to acquire Bank Audi's Egyptian business on hold: sources
First Abu Dhabi Bank (FAB.AD) (FAB) has put on hold discussions to acquire the Egyptian assets of Lebanon’s Bank Audi…
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Digital innovation crucial for banks
We are living in an increasingly digital and automated world, characterised by rapid technological advancements that have come to be…
Saudi’s NCB posts 2% rise in first-quarter profit even as impairments surge 173%
Saudi Arabia’s National Commercial Bank posted a 2.1% rise in profit for the first three months of the year to…
Mashreq welcomes new executive team member
Mashreq has appointed Mufazzal Kajiji as the new Head of Mashreq Gold and Executive Vice President of Mashreq Bank, to…
Saudi Arabia Acquires Shares Worth $7.7 Billion in World’s Major Companies
Saudi Arabia’s sovereign wealth fund has gone bargain hunting during the current economic turmoil, snapping up about $7.7 billion worth…
Bahrain's UGH subsidiary has $8.5mln exposure to agri-trader Phoenix
Bahrain’s United Gulf Holding Company revealed that its unit, FIMBANK, has $8.5 million exposure to Phoenix Commodities, an agri-trader with…
First Abu Dhabi Bank puts talks to acquire Bank Audi's Egyptian business on hold -sources
First Abu Dhabi Bank has put on hold discussions to acquire the Egyptian assets of Lebanon's Bank Audi AUDI.BY due…
Saudi Arabia's sovereign wealth fund seeks $10bn margin loan
Saudi Arabia’s sovereign wealth fund is planning to borrow about $10 billion by pledging some of its stakes in SoftBank…
SABB reports 7.6% drop in Q1 profit at $272m
The Saudi British Bank recorded a net profit after zakat and income tax of SR1,022 million ($272 million) for the…
QR75bn stimulus key to ensure sustainability of businesses: Seetharaman
Qatar’s QR75bn financial and economic incentives programme is “very important and plays a key role in sustainability of businesses and…
Confronting climate risk
After more than 10,000 years of relative stability—the full span of human civilization—the Earth’s climate is changing. Since the 1880s,…
Mashreq welcomes new executive team member
Mashreq, one of the leading financial institutions in the UAE, has appointed Mufazzal Kajiji as the new Head of Mashreq…