All Articles

Financial Results

Bank of Palestine announces a net profit of $24.72 million for the first half of 2017

August 23, 2017

Bank of Palestine (BOP), announced its half year 2017 preliminary financial results reporting a gross income of $108.34 million in…

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Comment & Analysis

Bahrain to post weaker growth in 2017

August 23, 2017

The IMF expects a growth of 2.3% for the country’s GDP this year, below the 3% of last year’s. Lower…

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Executive Moves

Saudi Arabia's Largest Bank Said to Hire Investment Banking Head

August 23, 2017

Sameer Nawaz has been appointed head of investment banking at Saudi Arabia’s Al Rajhi Capital as the Islamic bank looks…

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Executive Moves

Andersen Global Expands Presence in Israel

August 23, 2017

Andersen Global has announced the appointment of the Regional Managing Partner for the U.S., Canada and Israel, Dan DePaoli.  …

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Comment & Analysis

Qatar deposits $6.9 bln in banks in July to offset crisis outflows

August 23, 2017

Qatar's government deposited nearly $7 billion in the local banking system during July to offset a pull-out of funds by…

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Financial Results

Kuwait corporate earnings up on strong investment gains

August 23, 2017

Listed Kuwaiti companies saw a notable rise in profits in the first half of 2017; however, weak revenue growth continued…

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Executive Moves

Saudi wealth fund is said to hire head of US$111b portfolio

August 23, 2017

Saudi Arabia's sovereign wealth fund, which is being transformed into a US$2 trillion investment giant, has hired Rashed Sharif as…

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Comment & Analysis

Fujairah boom: The emirate seeing a rise in business, cultural and tourism projects

August 23, 2017

Fujairah, one of the seven emirates making up the United Arab Emirates, is witnessing an upsurge in new projects and…

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Financial Results

Bank Nizwa Leads Banking Sector Growth Rate With 200 Percent Surge in H1 2017

August 23, 2017

Bank Nizwa achieved the highest growth rate in Oman’s banking industry reaching 200% after tax during the first half of…

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Comment & Analysis

Pictet Sees Middle East Wealth-Fund Revival as Oil Price Holds

August 23, 2017

Pictet Asset Management SA said Middle Eastern sovereign wealth funds are starting to revive investment plans as a slump in…

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FinTech

UAE fintech startup NOW Money gathers $700K

August 23, 2017

NOW Money has secured an investment of $700,000 from two U.S. based venture capital investors – Accion Venture Lab, the…

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Comment & Analysis

Turkey's non-banking financial sector assets go up

August 22, 2017

Non-banking financial sector assets increased by 19.5 percent to reach 120 billion Turkish liras ($34.26 billion) in the first half…

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