ABK Posts 18 Pct Rise in H1 Net Profit
Al Ahli Bank of Kuwait (ABK) today reported an 18 percent increase in net profit for the first half ending…
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Why are Israeli banks asking customers where their money comes from?
Israelis attempting to transfer large sums of money into their bank accounts from overseas have encountered difficulties of late. …
DIFC boss in drive toward China’s ‘belt and road’
As the world’s tallest building, the Burj Khalifa in Dubai, slowly took on the colors and symbols of the flag…
UAE banks' liquidity set to remain healthy
Banks in the UAE continued to perform with higher levels of profitability in the first quarter of 2018, and liquidity…
GFH Capital creates strategic partnership for the Entertainer
GFH Capital, recognized Investment Management Company (“GFH”), a wholly owned subsidiary of GFH Financial Group B.S.C., today announced its partnership…
SAMA inks agreement with Monami Tech's Award Winning Digital Lending Platform Lendme
Al Hail ORIX Finance PSC, Parent company of SAMA, has announced the signature of a formal agreement and the formation…
Egypt gets most of IFC’s record $2.4b financing for Mena
International Finance Corporation (IFC), which is a member of the World Bank, financed a record $2.4 billion (Dh8.8 billion) to…
Global Economy likely to continue rewarding Stock Tilted Investment Portfolios – Barclays
Barclays has announced the findings of its Q3 2018 Compass Report, which outlines the Private Bank’s tactical recommendations on portfolio…
Dubai’s ICD says to buy stake in Corporación América Airports subsidiary
Investment Corporation of Dubai, the emirate’s sovereign wealth fund, has agreed to buy 25 per cent of Corporación America Italia,…
ADIB plans a Dh1.16bn rights issue and tapping the sukuk market
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, plans to approach both debt and equity capital markets…
Abu Dhabi Commercial Bank Q2 profit up 12 percent
Abu Dhabi Commercial Bank on Thursday reported a 12 percent rise in second-quarter net profit, due to higher net interest,…
Al Rajhi Bank Q2 profit climbs 17.7%
Al Rajhi Bank, Saudi Arabia’s biggest bank by market value, reported a 17.7 per cent surge in its second-quarter net…