Ahlibank posts QR675.2mn net profit in 2019
Ahlibank has posted a net profit of QR675.2mn in 2019, up 1.5% on the year before. The bank’s balance sheet…
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Qatar National Bank Looks to Southeast Asia: CEO Al Khalifa
Qatar National Bank is weighing opportunities in Southeast Asia as it looks to grow its global footprint. Foreign expansion is…
Fundraising on Mena equity markets hit all-time high in 2019
The amount of money raised by Middle East firms on equity markets increased almost five-fold last year to the highest…
UAE Cabinet approves draft law amending nation's Federal Agency Law
The UAE Cabinet has a approved a draft law amending provisions within the nation's Federal Law No. 18 of 1981,…
Emirati tycoon plans multimillion-dollar Saudi leisure project
A word often used to describe Khalaf Al-Habtoor — founder and chairman of Al-Habtoor Group, and one of the Middle…
In Dubai, developers turn mortgage providers
Banks in the UAE are just not offering enough mortgages to support home ownership – and even when they do…
Ahlibank announces Tawfeeq Travel as its newest Credit Card Pearl Rewards Programme partner
Ahlibank, a leading Qatari-owned financial institution, has announced that Tawfeeq Travel, one of the leading travel management companies in Qatar,…
Issuers Shrug Off Geopolitical Risk as Investors Pile into GCC Bonds, Sukuk
It has been a busy week for GCC issuers. The UAE’s First Abu Dhabi Bank hit the market earlier…
First-Of-Its-Kind Luxury vault and safe deposit facility unveiled at DMCC’s Almas Tower in Dubai
DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – inaugurated the…
Emirates reveals plan to raise funds for Australian bushfire relief
Dubai airline says to donate 10% of all EmiratesRED sales on every flight from Friday until February 16 for bushfire…
UAE: Further guidance on economic substance rules released
On 5 January 2020, the Ministry of Finance of the United Arab Emirates (UAE) issued frequently asked questions (FAQs) on…
Al Ramz acquires market-making business of Shuaa Capital
UAE-based Al Ramz Corporation Investment & Development said on Thursday that it acquired the market-making business of Shuaa Capital for…