Investment as a Path to Self-Sufficiency and Stability in the Middle East
In my previous two blogs, I have focused on the importance of measuring unexpected outcomes and evidence-based design of development…
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Bank of Israel and Sama triumph in latest Central Banking Awards
The Bank of Israel and Saudi Arabian Monetary Authorityhave been praised for their work in the management of reserves and…
Majid Al Futtaim said to select banks for perpetual bond
Majid Al Futtaim Holding LLC, the Middle East operator of Carrefour SA stores, picked banks for the potential sale of…
Al Hilal Global Balanced Fund delivers 1.94% dividend
Al Hilal Bank has announced the dividend payout of its Al Hilal Global Balanced Fund. The fund, which was…
Large UAE banks post solid profitability
The five largest banks in the United Arab Emirates posted solid profitability in the fourth quarter of 2016, said a…
ADIB's falling profit rounds up mixed results season for Abu Dhabi banks
Abu Dhabi Islamic Bank saw profits fall in the fourth quarter while peer Union National Bank reported a surge in…
Bank Muscat reiterates commitment to SME development in the sultanate
Bank Muscat, the flagship financial services provider in the sultanate, and Meethaq Islamic Banking extended support to the three day…
Union National Bank’s fourth-quarter profit rises 29%, missing forecasts
Union National Bank said its fourth quarter profit increased by 29 per cent as money set aside to cover bad…
EBRD discussing co-investments with Gulf sovereign funds
The European Bank for Reconstruction and Development is in talks with Gulf sovereign wealth funds to invest jointly, and hopes…
Bank shares drag Tadawul down
The Tadawul All Share Index on Tuesday fell 0.4 percent in thin trade. Banking shares were the main drag…
GFH, Intertrust Middle East create Employee Benefit Trust
GFH Financial Group, the Bahrain based financial group, today announced that the Group, in partnership with Intertrust Middle East, formerly…
Riyad Bank establishes a Special Purpose Vehicle entity
It is a limited liability company, fully owned by the bank and registered with authorised capital of $50,000, based in…