Jordan's Arab Bank nine-month net profit flat
Jordan's largest lender, Arab Bank Group , said on Sunday its January-September net profit came to $617.9 million, barely changed…
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Ahli United Bank lists US$200m Sukuk on Nasdaq Dubai
Ahli United Bank, one of Kuwait’s financial institutions, listed a US$200 million Sukuk today on Nasdaq Dubai, the region’s international…
SME debt crisis fallout shows signs of abating
A top National Bank of Abu Dhabi executive has said the fallout from the SME debt crisis has abated but…
Risk indicators growing for Turkish economy
Risk indicators are on the rise for the Turkish economy, which relies heavily on the inflow of foreign capital to…
Saudi Arabia’s future borrowing will include Islamic bonds, says minister
Saudi Arabia may follow its first international debt issuance with an Islamic bond sale, Finance Minister Ibrahim Al Assaf said,…
ING says oil price drop offers chance to expand Middle East business
Dutch bank ING Group is aiming to expand its business in the Middle East where it sees greater demand for…
UAE bank deposits up by Dh30b
Total bank deposits in the UAE increased by Dh30.2 billion in September 2016 due to an Dh11.4 billion increase in…
Dubai's Shuaa hands over first Saudi hotel as part of $145m fund
Shuaa Capital Saudi Arabia, a unit of the Dubai investment bank, has announced that the construction on the Centro Shaheen…
IMF's Lagarde tells GCC to keep up fiscal reform
Fiscal reforms that the GCC has been implementing are “impressive” but further adjustments are needed, Christine Lagarde said during a…
Saudis take new steps to ease bank liquidity crunch
Saudi Arabian authorities have taken fresh steps to ease a liquidity crunch caused by low oil prices, suspending the government's…
HolidayMe looks to make its mark in online travel in the Middle East
Traveller numbers are soaring in the region and a ‘new-age’ OTA based in Dubai has piqued the interest of some…
Egyptian developer Palm Hills expects deal on mega-project by year-end
Egyptian property company Palm Hills expects to sign a revenue-sharing deal with the government this year to develop what would…