Doha Bank achieves net profit of QR769m in 2023
Chairman of the Board of Directors of Doha Bank, Sheikh Fahad bin Mohammad bin Jabor Al Thani, announced that the…
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Northern Trust AM Aims to Double International Revenues
Northern Trust Asset Management is aiming to double revenues outside the US over five years and is currently expanding its…
Sohar International wins top honor as ‘Most Innovative Digital Bank for ecosystem sservices– Oman 2023’
Setting new standards for excellence in the digital banking sphere, Sohar International was recently recognized as the 'Most Innovative Digital…
Moody’s alters outlook to negative for 5 Egyptian banks amid credit profile concerns
Egypt’s weakening credit profile has prompted Moody’s to affirm ratings for all five banks while downgrading their long-term deposit scores…
KSA’s Social Development Bank signs $266m deals to back entrepreneurs
Saudi Arabia’s Social Development Bank signed 24 deals worth SR1 billion ($266 million) to support entrepreneurs across various sectors in…
National Bank of Fujairah posts 113% in net profits at Dh725.1 million
National Bank of Fujairah PJSC has posted record profits in 2023 - at an increase of more than double year…
Emirates Islamic profit rises 71% in 2023 to a record AED 2.12bln
Emirates Islamic achieved a significant milestone in 2023, with an impressive 71% increase in net profit, reaching an unprecedented high…
Bahrain energy company to form captive insurer
A Bahrain energy company plans to establish and manage a captive insurer following a strategic agreement with an affiliate of…
Bank ABC hires European head of treasury and financial markets
Bahrain-headquartered Bank ABC has appointed Simon Atkins as European head of treasury and financial markets for ABC International Bank (IB),…
Kuwait’s Black Market Sees Explosive Growth in Illicit Money Transfers
The illicit money transfers within Kuwait’s black market have recently experienced a notable surge, impacting approximately 11 countries due to…
IBF DigiLabs announces Benevolence – A blockchain based Islamic charity app
IBF DigiLabs has announced a major upgrade to the Benevolence app. This enhanced version is not just a step forward…
Al Tamimi & Company appoints new corporate commercial partner in Egypt
Al Tamimi & Company has appointed Amr Namek as its new Corporate Commercial Partner in Egypt. Amr is a…