Qatar bans cryptocurrencies after updating its AML laws
Qatar joined a number of countries across the globe that are implementing stricter laws to combat the illicit use of…
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DIB board recommends foreign ownership increase as lender reports rise in full-year profit
The board of Dubai Islamic Bank, the largest Sharia-compliant lender in the UAE, recommended an increase in the foreign ownership…
67 listed companies on UAE's financial markets report $20.57bln in profits during 2019
Consolidated net profits of 67 companies listed on the UAE's financial markets reached AED75.56 billion in 2019, an increase of…
Saudi CEOs are worried about global economy, but confident about local businesses
Business leaders in Saudi Arabia are increasingly worried about where the global economy is headed this year. However, they are…
Investors oppose delisting of Dubai real estate fund amid property slump
Dubai real estate investment trust ENBD REIT is facing opposition to going private from some shareholders who fear the move…
Deloitte Showcases Latest In AI Technology In Dubai
Deloitte has launched its Middle East inaugural Experience Analytics event in Dubai at Dubai Studio City. Experience Analytics is…
Abu Dhabi bank said to seek $136m savings by cutting jobs
Abu Dhabi Islamic Bank is seeking to save about AED500 million ($136 million) by cutting jobs and closing branches as…
Bahrain Bourse issues resolution to list T-Bills and sukuk
Bahrain Bourse issued Resolution No (4) for the year 2020 on Sunday to list Treasury Bills and short-term Islamic lease…
Saudi Arabia reportedly set to invest $30bn in Bangladesh
Saudi delegation led by Deputy Minister for International Affairs Mahir Al-Gassin and including representatives from seven of the Kingdom’s largest…
Riyad Bank hires banks for dollar sukuk issue
Saudi Arabia’s Riyad Bank has hired international and regional banks to arrange the potential issuance of dollar-denominated sukuk, it said…
Saudi Wealth Fund Aims for More Than 1,000 Employees By Year End
Saudi Arabia’s sovereign wealth fund hopes to employ more than 1,000 people this year as it targets $400 billion of…
Dubai Islamic Bank Full Year 2019 Group Financial Results
Net Income grew to AED 9,267 million, up 13% YoY Net Profit at AED 5.1 billion, up by 2% YoY…