All Articles

Regulation, Risk & Compliance

The IFSB and AMF renew Mou to support the development of the Islamic finance among member countries

May 10, 2020

The Islamic Financial Services Board  and the Arab Monetary Fund (AMF) sealed the continuation of collaboration between the two institutions…

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Comment & Analysis

GCC banks face 'earnings shock' from lower oil price, Covid-19

May 9, 2020

GCC banks will see significantly reduced revenue and credit growth in 2020 as they face an earnings shock from the…

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FinTech

Refinitiv Releases Findings of Sub-Saharan Africa Financial Crime Survey for 2020

May 8, 2020

Refinitiv today released its Financial crime in Sub-Saharan Africa Report 2020, which highlights several noteworthy compliance trends.   Responses show…

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Financial Results

QFB reports 7% increase in income to QR34.2m in Q1

May 8, 2020

Qatar First Bank (QFB) has reported a profit of QR12.3m for the first quarter of this year (Q1, 2020) attributable…

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Comment & Analysis

Qatar- Bank brokerages account for 46% of QSE trade turnover in April

May 8, 2020

The commercial banks' brokerage businesses accounted for more than 46% of the trade turnover on the Qatar Stock Exchange (QSE)…

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Comment & Analysis

Fitch Places Gulf International Bank B.S.C.'s Viability Rating on Rating Watch Negative

May 8, 2020

Fitch Ratings has placed Gulf International Bank B.S.C.'s (GIB) Viability Rating (VR) on Rating Watch Negative (RWN). All other ratings…

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Coronavirus

Bahrain's Al Baraka Bank looks for acquisitions as coronavirus pandemic hits valuations

May 8, 2020

Al Baraka Banking Group, a Bahrain-based Sharia-compliant lender, plans to expand its footprint in Asia including India, China and Indonesia…

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Comment & Analysis

'What's the Point of Staying?': Gulf Faces Expatriate Exodus

May 8, 2020

A popular Saudi talk show host told private businesses this week it was their national duty to lay off foreign…

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FinTech

Bank ABC fuels global growth in trade finance with Fusion Trade Innovation from Finastra

May 8, 2020

With Bahrain-based Bank ABC aiming to consolidate disjointed workflows and support the growth of its wholesale banking activities, it deployed…

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Comment & Analysis

Bahrain offers riskiest Eurobond since market hiatus

May 8, 2020

The Gulf kingdom of Bahrain is poised to become the lowest-rated country selling dollar bonds since the market hiatus triggered…

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Islamic Finance

UAE launches initiative towards ‘unified global legal framework’ for Islamic Finance

May 8, 2020

We show you our most important and recent visitors news details UAE launches initiative towards ‘unified global legal framework’ for…

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Financial Results

ADIB net profit of AED 269.7 million in q1 2020

May 8, 2020

ADIB has reported a net profit of AED 269.7 million in the first quarter of 2020. Despite the challenging operating…

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