First Abu Dhabi Bank to enter commercial banking in Saudi Arabia
First Abu Dhabi Bank, the largest bank in the UAE by assets, is stepping up its presence in Saudi Arabia…
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Dubai Islamic Bank Kenya head-hunts for senior managers
Giant Gulf lender Dubai Islamic Bank’s (DIB) local subsidiary, DIB Bank Kenya, is hiring more senior managers seven months after…
Large UAE banks report higher Q4 profits
Despite higher provisioning and operating costs, four largest banks in the UAE managed to report higher net profit in the…
Bahrain's Alba on track to complete debt financing for smelter expansion: official
Aluminium Bahrain, owner of one of the world's largest aluminium smelters, will raise by the end of this year's first…
Saudi January inflation jumps to 3.0 percent on VAT, gasoline price hike
The figures suggested the new tax and more expensive fuel, part of a government drive to cut a big budget…
Net interest income growth boosts profitability of UAE lenders
Higher business volumes and an increase in interest rates helped UAE banks to improve their profits last year. The…
UAE insurers report strong results supported by gains in underwriting income
UAE insurers posted healthy top-line growth, improved operating profits and stronger shareholders’ equity in their 2017 financial results, according an…
Wealth Migrate to present blockchain-based global real estate platform at Finovate Middle East
Wealth Migrate has been selected to showcase its newest technology at Finovate Middle East 2018 (Dubai, February 26-27). Finovate…
Achieving innovation in Islamic Economy
The previous edition of the International Innovative Platform for Islamic Economy Products coincided with the announcement of UAE Innovation Week.…
Developer makes Dubai debut with a bang
You would expect a developer making its debut in Dubai to go down the off-plan route for sales. Not…
Cross border synergies are vital for Qatar’s fintech sector development, says Doha Bank CEO
There has been a “significant push” to promote Qatar as a regional fintech hub, according to a senior official at…
Founder of Dubai private equity firm Abraaj hands over control of fund
Arif Naqvi, the founder of Dubai-based emerging markets private equity fund, Abraaj Group, has handed the running of the fund…