UAE and KSA brand dominance leaves little room for other country players
Brand valuation and strategy consultancy Brand Finance has revealed its most valuable Middle Eastern brands for 2019 – with those…
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Emirates reports 69% profit drop as high oil prices, strong dollar hit earnings
Dubai-based Emirates airline reported a 69 per cent drop in full-year profit on Thursday, blaming higher oil prices, a strong…
Bahrain Is Set to Receive $2.3 Billion From Allies in 2019
Bahrain said it will receive about $2.3 billion this year from a five-year support package provided by its Gulf Arab…
Bilfinger Middle East wins big EPC contracts from Adnoc
Bilfinger, a leading global engineering and industrial services provider based in Mannheim, Germany, said it has secured a major contract…
Saudi Shura Council approves 'green-card' residency scheme for expats
Saudi Arabia's Shura Council, a quasi-parliament, has approved a plan for introducing a Green Card-style residence system for foreigners aimed…
CBK rejects Warba Bank merger with KMEFIC
Kuwait’s Warba Bank said that the Central Bank of Kuwait has rejected its proposed acquisition of a controlling stake in…
Arabian Centres to raise $747 million after pricing IPO at bottom of range
Saudi mall operator Arabian Centres is set to raise as much as 2.8 billion riyals ($747 million) after pricing its…
KIB participates in 'Workplace Bullying' workshop
As part of its partnership with Kommunity, which aims at nurturing local innovators and talented youth, Kuwait International Bank recently…
Barwa Bank launches loyalty rewards & charitable initiatives
As part of its annual Ramadan campaigns, Barwa Bank has announced a suite of customer loyalty reward schemes and experiences,…
Timothy Batchelor Named Chief Executive Officer of Convergence Film Capital
The Board of Directors of Convergence Film Capital unanimously has voted to name Timothy Batchelor to be Chief Executive Officer…
Fitch Ratings: Jordan's Challenging Operating Environment Constrains Banks' Ratings
The operating environment in Jordan is stabilising but remains challenging for banks, Fitch Ratings says. This is due to below-potential…
Bank workers who survive robot uprising stand to make more money
If you're lucky enough to survive banks' coming robot apocalypse, you can expect a raise. While the headcount for…