Helios and EAEF acquire Egyptian agribusiness
Private equity investor Helios and the Egyptian-American Enterprise Fund have acquired a majority stake in Misr Hytech Seed International with…
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Ajman University, Noor Bank launch Noor Fund to promote Islamic banking, finance
Ajman University and Noor Bank have launched the first of its kind waqf initiative in the UAE with a capital…
RAKBANK partners with City Properties Real Estate to offer property management and monitoring services to business banking customers
The National Bank of Ras Al Khaimah had entered into a Memorandum of Understanding with City Properties Real Estate. …
Arada reaches 4,000-unit sales milestone and ties up with Dubai Islamic Bank to provide home financing solutions
Arada has announced a partnership with the UAE’s largest Islamic lender, Dubai Islamic Bank (DIB), which will streamline the home…
SICO reports BD 2.9 million net profit in the first half of 2019.
SICO has announced today its consolidated results for the second quarter and first half ended 30 June 2019. SICO’s…
NBB appoints first Bahraini Chief Risk Officer
National Bank of Bahrain has announced the appointment of Mr. Isa Maseeh to the role of Chief Risk Officer, where…
Doha Bank wins 2 awards at ‘Asian Banking and Finance Awards 2019’
Doha Bank has been named ‘Qatar Domestic Cash Management Bank of the Year’ in the wholesale category and ‘Corporate and…
KFH-Bahrain launches secure & simple mobile banking application
In line with its digitization drive, Kuwait Finance House–Bahrain (KFH-Bahrain) had announced the launch of its new mobile banking application,…
British expats in the UAE have been revising saving plans
The pound plunged to its lowest since January 2017 on Thursday following on from new Prime Minister, Boris Johnson’s pledge…
Value of real estate deals in Kuwait register $928.8mln in June
The value of real estate transactions in Kuwait declined by 17% month-on-month to KWD 283 million ($928.81 million) in June.…
ABK records 18% increase in net profit
Maintaining its growth momentum, Al-Ahli Bank of Kuwait (ABK) recorded strong results for the first six months of 2019 with…
Abu Dhabi's ADFG & Shuaa complete merger with capital increase
Abu Dhabi Financial Group (ADFG) said Sunday it has completed its merger with Shuaa Capital and increased its authorised capital…