Is the Middle East ready for its own version of bitcoin?
For the uninitiated, blockchain technology can be confusing. This must have been quite evident for anyone who first started…
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Ajman Bank records a drop in net profit for the first half of 2017
In an announcement on the Dubai Financial Market, Ajman Bank reported a slight loss in net profirt for the first…
SIB’s net profits up 6.2% in first half of 2017
Sharjah Islamic Bank reported a net profit of Dh272.9 million for the first half of 2017, up 6.2 per cent…
NBF’s Q2 2017 net profit bounces back 24.4 per cent
National Bank of Fujairah PJSC has announced its results for the six month period ended 30 June 2017. NBF posted…
Qatari banks sell its loans in the UAE, say sources
UAE banks are buying up loans that Qatari banks - Doha Bank and Barwa Bank - extended to UAE companies,…
Tax fugitive deported from Dubai, jailed in UK
One of Britain's most wanted tax fugitives has been returned to the UK after being apprehended at Dubai Airport last…
Kuwait Finance House Q2 net profit up 17.1 pct
Kuwait Finance House (KFH), the country's biggest Islamic lender, reported a 17.1 percent rise in second-quarter net profit according to…
Mashreq posts a three per cent y-o-y growth in net profit in the first half of 2017
Key highlights [1H 2017 vs 1H 2016]: * Steady growth in Net Profit - Net profit for the…
UBF releases 2016 annual report
The UAE Banks Federation, a professional body representing 48 member banks operating in the UAE, has released its 2016 annual…
Nossier replaces ElBaradei as new executive director of Egyptian Banking Institute
The board of directors of the Egyptian Banking Institute (EBI) has appointed Abdel Aziz Nossier as the new executive director…
Dubai: Owning the Earth
Within the basket of real estate investments, land has out-performed built-up units over a prolonged period of time. Land has…
Saudi Arabia well placed for MSCI upgrade
MSCI's potential inclusion of the MSCI Saudi Arabia Index in the MSCI Emerging Markets Index in 2019 would improve the…