Commercial Bank 2018 net profit jumps 175.5% to QR1.66bn
Commercial Bank Group has posted a net profit of QR1.66bn in 2018, which represents an increase of 175.5% compared with…
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Saudi government reserve drops by near $23bln in Q4 – official figures
Saudi Arabian Monetary Authority’s government reserve dropped by 84.2 billion Saudi riyals ($22.7 billion) in the fourth quarter of 2018,…
Investment Outlook 2019 Report: Economic trends and corporate transactions in the GCC
The macroeconomic picture has improved significantly across the GCC over the last 12 months. Increased oil production and the…
Revealed: $27m scheme to boost SME funding in the UAE
Emirates Development Bank has announced the launch of the new Credit Guarantee Scheme, amounting to AED100 million ($27 million) in…
Oman Aviation seeks adviser for multi-billion financing – sources
Oman Aviation Group, a government entity in charge of investments in the country’s civil aviation sector, is seeking an adviser…
Mena M&A deal value up 69pc to $27bn in 2018
The Mena region experienced a significant spike in deal value during 2018, reaching $26.76 billion, compared with $15.86 billion in…
FTSE Russell and Nasdaq Dubai announce Saudi equity indices for derivatives trading
Futures trading to begin later this month giving investors new ways to gain exposure to dynamic Saudi stock market Cooperation…
Julius Baer announces cost cuts as profitability lags
Stable profit in challenging market environment IFRS net profit attributable to shareholders of Julius Baer Group Ltd. grew by 4%…
Dubai regulator suspends wealth management firm's licence
The Dubai Financial Services Authority has announced the suspension of the licence of Morgan Gatsby Limited for a period of…
Lessons from Abraaj: A sense of perspective
The downfall of ‘Dubai’s star investor’, Abraaj, in June last year led to one international news outlet to warn of…
Fitch affirms Emirates NBD at 'A+'; outlook stable
(The following statement was released by the rating agency) Fitch Ratings-Moscow-February 04: Fitch Ratings has affirmed UAE-based Emirates NBD's…
Global awarded “Best MENA Equity Fund”, “Best Sector Fund” by MENA Fund Manager
Global was awarded “Best MENA Equity Fund” and “Best Sector Fund in the Region” by the “MENA Fund Managers Performance…