Nav Bahl joins Baker Tilly's Middle East team as senior partner
Baker Tilly JFC has welcomed former global KPMG executive Nav Bahl to its partnership in the Middle East. Appointed…
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Masdar partners with Endesa in €1.7bln renewable energy transaction in Spain
Masdar will invest €817m to acquire a 49.99% stake in 2GW of solar energy plants, with a potential BESS hybridization…
Banque Misr, Tanmeyah sign $10.34mln credit facility agreement
Banque Misr has signed an EGP 500 million credit facility agreement with Tanmeyah, a subsidiary of EFG Holding, aimed at…
ROP: Beware of new fraudulent scheme impersonating Central Bank of Oman
The Royal Oman Police has issued a warning about a new fraudulent method targeting individuals through social media applications, including…
Abu Dhabi Islamic Bank PJSC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
Abu Dhabi Islamic Bank PJSC reported earnings results for the second quarter and six months ended June 30, 2024. For…
Riyad Bank introduces first AI center in Saudi banking industry
Saudi Arabia’s digital banking has achieved a significant advancement after a leading bank introduced artificial intelligence technology, significantly enhancing its…
United Arab Bank pre-tax net profit up by 26% for the first half of 2024
Net profit (before tax) reported at AED 152 million for H1 2024 compared to AED 121million for H1 2023; up…
Moody’s affirms Islamic Development Bank’s AAA rating
Moody’s Investor Services has affirmed its AAA credit rating with a stable outlook for the Islamic Development Bank, driven by…
SAB, HSBC forge strategic partnership to drive financial innovation in the Kingdom
Saudi Awwal Bank, a leading bank in the Kingdom of Saudi Arabia, has signed a Memorandum of Understanding with HSBC,…
Mashreq’s net profit in the first half increase by 14% to AED 4bln
Income growth of 20% year-on-year: Net Interest Income grew with 17% driven by a substantial expansion of the balance sheet…
FAB achieves H1 2024 group net profit of AED 8.4bln, revenue of AED 15.7bln
Robust returns trajectory with H1’24 RoTE at 17.3%, on track with 2024 and medium-term targets. Facilitated additional AED 52 billion…
Emirates Family Office Association confirms new board of directors
The Emirates Family Office Association, the unique independent body supporting UAE (and global) family offices, announces several appointments to its…