Masraf Al Rayan posts QR547mn net profit in Q1
Masraf Al Rayan has achieved a net profit of QR547mn in the first quarter of 2020, up 0.5% on the…
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Saudi Response to Fiscal Shock Centers on Record Debt Plan
Saudi Arabia will rely on the biggest debt program since its debut in international bond markets in 2016 to absorb…
Standard Chartered: gold prices supported by investment demand
Gold prices remain near the recent seven-year highs, with strong demand from exchange-traded products offsetting weakness in the physical markets…
A robot is helping medical staff fight COVID-19 in Saudi Arabia
Robots and robotics technology aren't exclusive to one sector, business, or country. Even though we see an abundance of friendly…
Sculptor, Farallon among hedge funds readying for NMC debt talks
NMC started unravelling in December, when short seller Muddy Waters Capital alleged it overpaid for assets and understated debt …
Qatar- QIIB's Q1 profit tops QR267mn
QIIB posted a net profit of QR267.1mn in the first quarter, up 0.4% on the same period last year, the…
Saudi Arabia gives three-month loan repayment delay for citizens – central bank
Saudi Arabia’s Monetary Authority has instructed the kingdom’s banks to delay by three months the payment of instalments due on…
DFSA fines La Tresorerie Dh2.25m for illegal cash services, regulatory failings
Dubai Financial Services Authority, the regulator of the Dubai International Financial Centre fined La Tresorerie Ltd $612,790 (approximately Dh2.25 million)…
Dubai, hit by lockdown and oil price crash, could be headed for another debt crisis
Dubai, the glittering commercial hub of the Gulf, is facing the risk of a debt crisis reminiscent of the 2009…
How banks are going digital to manage COVID-19
ICC has issued a collection of rapid response measures by trade finance banks to keep trade finance and trade flowing…
Kuwait banking association head says 25% of bank branches will open on Sunday
The head of the Kuwait Banking Association, Adel Al-Majed, said on Thursday that 25% of bank branches in Kuwait will…
Contact Finance obtains first consumer credit licence from Egypt's FRA
Contact Finance has obtained the first licence to practice consumer finance activities in Egypt, according to Mohamed Omran, Chairoerson of…