Insurance House Returns to Profit Zone
Insurance House PSC (IH) registered a Total Comprehensive Income of AED 2.05 million during the first quarter ending 31 March…
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Middle Eastern Mergers & Acquisitions reached US$4.7 billion in Q1 2016
Investment banking fees reached US$178.2 million in Q1 2016 Equity & equity-related issuance totalled US$228 million in Q1 2016 Debt…
Kuwait Finance House Q1 net profit rises 14 pct on lower costs, provision
Kuwait Finance House reported a 14 percent rise in first-quarter net profit according to a statement on Wednesday, as the…
al khaliji Bank Reports 8% Increase in Net Profit for the First Quarter of 2016
Net profit of QAR 156.2 million increased 8% year on year Total assets reached QAR 59.4 billion; 12% growth on…
Al Baraka Bank begins due diligence of Burj Bank
Al Baraka Bank has begun conducting due diligence of Burj Bank, which may lead to the amalgamation of two of…
Bin Faqeeh real estate investment co. To participate in 2016 gulf property show
Bin Faqeeh to showcase the latest and most exciting developments Manama, Bahrain: The kingdom's premier privately-owned real estate investment…
UAE firms replacing staff with consultants, says report
Companies in the United Arab Emirates are reducing their long-term staff count and replacing them with short-term consultants in a…
Saudi Arabia to Pick JPMorgan, Banker Klein for Aramco IPO
JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own boutique, have been…
Resilient Q1 2016 for cross-border M&A globally and in the Middle East: Baker & McKenzie Report
Cross-border M&A value rose by 14% in Q1 2016 versus Q1 2015, although deal volume fell 10% Chinese outbound…
Warba Bank Educates Kuwaiti Youth On Islamic Banking & Entices Them To Join its Workforce
Warba bank, the fast-growing which provides a wide spectrum of banking and investment services compatible with Islamic Shariah according to…
Qfb named ‘Best Islamic Financial Institution’
Qatar First Bank, Qatar’s leading Shariah-compliant bank, has been named in 2016’s ‘Best Up-and-Coming Islamic Financial Institution’ in Global Finance…
Dubai’s biggest bank cuts 300 jobs amid weaker economy
Dubai’s largest bank, Emirates NBD, has laid off around 300 people recently due to a weaker economy, a spokesman for…