Cash-Strapped Oman May Be Next Blowout After Bahrain Crisis
Bond investors rattled by Bahrain’s fiscal woes last year are bracing for the next potential crisis in the Gulf region:…
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Commercial Bank begins fast-track fund transfer to UK and Europe
Commercial Bank has launched a fast-track funds transfer service that will allow customers to send money to the UK in…
Central bankers’ hunger for gold could signal price turnaround
Slowing global growth, a weaker US dollar and a drive by central banks to expand the amount of gold they…
QIIB remains 'optimistic' about 2019 as market looks 'promising': Al-Shaibei
QIIB is optimistic of achieving the targeted growth this year as the “market looks promising”, said bank chief executive officer…
Kuwait Finance House introduces country's first banking robot
Kuwait Finance House (KFH) introduced the country's first ever banking robot to mark a historic development in the sector. …
International Bank of Qatar posts QR747.2mn net profit in 2018
International Bank of Qatar posted a net profit of QR747.2mn in 2018, compared with QR555.1mn registered in the previous year. …
Gulf Bank Shareholder Aims to Build $880 Million Stake in Lender
Gulf Bank’s second-biggest shareholder agreed to more than double its stake in the Kuwaiti lender as it seeks to build…
Arab Bank hits USD820.5m in net profit
Jordan-based Arab Bank Group generated USD820.5 million in its net profit for 2018, marking a 54 percent surge. In…
ADX signs MoU with Securities Depository Center Company in Saudi Arabia
Abu Dhabi Securities Exchange recently signed a Memorandum of Understanding with the Securities Depository Centre Company, which is wholly-owned by…
Kuwait – Privatization is another means to bridge deficit
In the last four years, Kuwait has been incurring deficit in its annual budget. The coming year, the government will…
KIB records KD 21 million net profit, 18% growth in 2018
Chairman of KIB, Sheikh Mohammed Jarrah Al-Sabah, announced that the Bank recorded a net profit of KD 21 million for…
Global asset manager troubles set to continue
Global asset managers, especially diversified firms, benefited greatly from the economic and financial environment of the last several decades. …