Qatar National Bank sells $1bln in five-year bonds – sources
Qatar National Bank, the Gulf's biggest lender, sold on Tuesday $1 billion in five-year bonds, two sources said, the first…
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Saudi Arabia announces penalties for those breaching coronavirus measures
People violating measures designed to stop the spread of coronavirus could be sent to jail, Saudi Arabia’s interior ministry said…
Citi appoints markets head for central and eastern Europe
US investment bank Citi has confirmed the appointment of a new markets head for central and eastern Europe, as it…
Saudi's Al Moammar Information Systems signs $77mln Islamic loan
Saudi Arabia’s Al Moammar Information Systems (MIS) signed an Islamic facility agreement with Riyad Bank for 290 million Saudi riyals…
MEA Retail Banks are the Strongest Believers in a Cashless Society, Prioritizing Digitalization to Drive Financial Inclusion: Study
6 in 10 banking executives in the Middle East and Africa (MEA) think cash will dip below 5% of retail…
Kuwait Finance House replaces CEO
Kuwait Finance House said on Monday that its board of directors unanimously decided to remove Mazin Saad Al-Nahedh as CEO…
Gulf Insurance Group acquires stake in yallacompare for $4.25 million
yallacompare.com, one of the Middle East’s leading finance comparison site, has been funded by Kuwait’s Gulf Insurance Group (GIG) with…
UAE banking sector remains resilient to global challenges
The UAE’s banking sector remains strong and resilient despite several challenges posed by global economic developments last year, according to…
UAE central bank says GDP grew by 1.7% in 2019
The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent…
Saudi experts warn against investing in unlicensed projects
Experts have warned against investing in projects that have not been properly licensed. The warnings come after the authorities…
Faisal Omar Alsaggaf, CEO, National Commercial Bank
On how Saudi banks are helping achieve the country’s broader goals To what extent has the outbreak of Covid-19…
Turkey's banks combined net profit rises to 15.79 bln lira (2.05 bln euro) in March
The net profit of Turkey's banking sector rose by 26.5% year-on-year to 15.79 billion lira ($2.24 billion/2.05 billion euro) in…