SALAMA announces AED 13.65 million profit for Q1 2020
Islamic Arab Insurance Company (“SALAMA”) has announced its reviewed financial results for the quarter ending March 31, 2020, reporting a…
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UAE banks’ risk rise in bad loans: S&P
United Arab Emirates banks are at risk from a spike in bad loans over the next one to two years…
A 70% chance for global growth in 2021, says Abu Dhabi's Mubadala
The global economy is likely to recover from this year's virus-driven recession with 5 per cent growth in 2021, according…
Dubai's small businesses prep for tough Q2-20, with many expecting steep sales decline
A majority of UAE businesses – 56 per cent - are bracing for a drop in revenues by more than…
Al Ahlia Insurance makes insurance purchase simple, easy and safe
Al Ahlia, one of Oman’s leading insurers, is helping customers buy and renew their motor insurance form the safety of…
Lebanese PM: central bank to intervene to protect Lebanese pound
Lebanon's central bank will intervene in the market starting from Thursday to protect the Lebanese pound whose declining value has…
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…
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. …