Al Salam Bank-Bahrain’s ASB Global REIT Fund posts record 25.75% total return in 2019
Al Salam Bank-Bahrain has announced that its ASB Global REIT Fund achieved a record 25.75 percent total return for the…
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EMEA emerging market banks face rising risks amid lockdown, oil shock – Fitch
European, Middle East & African emerging market banks face rising risks due to weaker economic activity triggered by coronavirus and…
GCC outlook: Should we worry about inflation after COVID-19 bailouts?
It's a rough ride for the Gulf states. The pandemic is cratering businesses and people are losing their jobs, creating…
Dubai leads GCC stock market decline in early trade
The UAE and other GCC stock markets fell on Thursday morning, in line with decline in other global markets. …
Egypt's Suez Canal Bank to sell entire stake in Midor
Egypt’s Suez Canal Bank will sell its entire stake in Middle East Oil Refinery (Midor) for $30.6 million. The…
UAE expats 'exempt from all fines' for 3 months
The United Arab Emirates announced this morning that all expats residing in the country who have breached the terms of…
JPMorgan sees more Gulf companies linking up but no liquidity crunch
JPMorgan expects more consolidation among Gulf companies this year in sectors such as banking, real estate and hospitality, but it…
Al Rajhi Bank first-quarter profit slides on higher operating expenses and impairment charges
Al Rajhi Bank, the biggest lender in Saudi Arabia by market capitalisation, reported a 7 per cent drop in its…
EBRD €100 million financing to Turkey’s QNB Finansbank for trade finance and SMEs
EBRD €100 million package to help QNB Finansbank support trade and small businesses Funds will boost resilience of Turkey’s financial…
Gulf banks could see second wave of mergers after pandemic dust settles
The impact of the novel coronavirus on the global economy is growing and continues to shock the markets in unprecedented…
Standard Chartered donates USD11,8m for immediate COVID-19 relief efforts across Africa and the Middle East
Standard Chartered has announced donations totalling USD11,8 million to the Red Cross, UNICEF and local non-governmental organisations (NGOs) and Government…
Egypt- NBE, EG Bank, AIB arrange syndicated EGP 650m loan to Misr Italia properties
An alliance of banks working in the Egyptian market have signed a medium-term syndicated loan amounting to EGP 650m for…