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Bahraini bank Al Baraka boosts provisions to cover any virus impact
Al Baraka Banking Group increased provisions by 10-12% in the first quarter to deal with any fallout from the coronavirus…
Turkey's Akbank posts 7% drop in Q1 cons net profit
Turkish lender Akbank [IST:AKBNK] said that its consolidated net profit fell by 7% year-on-year to 1.3 billion lira ($186 million/171…
Gold prices going to "pop" to $2,700, easily – Frank Holmes
Despite a weakened economy, stocks continue to rise on the back of monetary stimulus, which is bound to push gold…
Dubai Islamic Bank posts Dh1.1b first quarter net profit
Dubai Islamic Bank, the largest Islamic bank in the UAE, today announced its results for the period ending March 31,…
Saudi G20 Presidency and the Bank for International Settlements Innovation Hub invite global innovators to find solutions to the most pressing financial regulatory & supervisory challenges
TechSprint competition to highlight potential of new technology to tackle regulatory and supervisory challenges. Saudi G20 Presidency to fund cash…
Dubai faces biggest risk from virus shock to economy in Middle East, Moody’s says
Dubai’s reliance on real estate, transportation and tourism makes the Middle East business hub the most exposed to the impact…
NBF reports Dh75 million first quarter 2020 net profit
National Bank of Fujairah posted a net profit of Dh75.4 million for the three month period ended 31 March 2020,…
QSE gains more than 100 points on buy interests of domestic, Gulf institutions
The increased buying interests of domestic and Gulf institutions on Wednesday lifted the Qatar Stock Exchange more than 100 points…
Fall in demand for oil and pandemic squeeze Saudi finances in first-quarter
The COVID-19 crisis and the resulting fall in demand for oil hit Saudi Arabia’s finances in the first quarter of…
Banque du Liban governor: State spenders must be held accountable
Riad Salameh, governor of the Lebanese central bank, on Wednesday defended his record, rejecting criticism that he was to blame…
Saudi Arabia gets a new oil customer in Belarus
Belarus, which has long relied on Russian oil, has purchased its first crude from Saudi Arabia, according to state refiner…