UAE firms keen to invest in Gwadar
UAE companies are eager to invest in Gwadar that has assumed importance under the China-Pakistan economic corridor framework envisaging the…
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Kuwait, Iraq Sign Deal to Avoid Double Taxation
The Kuwaiti and Iraqi ministries of finance signed an agreement for avoiding double taxation and preventing financial evasion for income…
BitOasis Ready to Become First Licensed Middle Eastern Bitcoin Exchange
BitOasis is set to become the first regulated bitcoin exchange in the entire Arab world following preliminary approval from regulators…
CBK sends cautionary note to some auditors
The Central Bank of Kuwait has sent a cautionary note to some auditors, stressing that they should adhere to the…
Buying distressed properties in UAE: What you need to know
Assets often become distressed because of the operational and financial difficulties faced by the owner or issuer of the assets,…
Burgan Bank reports net income of KD 19.2m for first quarter of 2019
Burgan Bank Group has announced its financial results for the first quarter of 2019. Beginning this year, Burgan has…
UAE national banks lend $3.6bn to businesses in Q1
UAE national banks provided Dh13.3 billion ($3.6 billion) in loans in the first quarter (Q1) of the year to the…
NBK Capital advises VIVA on acquisition of 100% of the capital of QualityNet
NBK Capital has announced that it has successfully advised VIVA on its acquisition of 100 percent of the capital of…
Aim for full financial inclusion in the Middle East
It was in 2016 that the Council of Arab Central Banks declared April 27 as the ‘Arab Day of Financial…
NBK launches a waste recycling initiative in cooperation with Omnia Project Management
Al-Baqer: This joint effort aims at protecting the environment and minimizing waste in line with NBK’s sustainable development strategy …
Qatar Islamic Bank signs an agreement with Qatar Red Crescent Society
Qatar Islamic Bank and Qatar Red Crescent Society signed a cooperation agreement to cement ties between the two organizations. The…
Goldman Sachs bought Commerzbank's claim in Saudi's biggest debt saga – sources
Goldman Sachs has bought a claim against The International Bank Corporation, a Bahraini bank whose default 10 years ago triggered…