Insurance House announces H1 2023 financial performance
Insurance House PJSC (IH), one of the leading insurance institutions in the United Arab Emirates, predominantly recognised for offering exceptional…
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Brevan Howard appoints Middle East CEO
Brevan Howard has announced the appointment of Oualid Lahsini as Chief Executive Officer of its Middle East business, and Head…
Oman posts budget surplus of $1.7bn in H1 of 2023
Oman’s general budget recorded a surplus of 656 Omani million rials ($1.7 billion) at the end of the first half…
The Central Bank of Egypt, Ghanaian counterpart mull cybersecurity cooperation
The Central Bank of Egypt and the Bank of Ghana have probed the application of a cybersecurity framework at the…
Oman Arab Bank continues its service enhancement program by reopening Nakhal branch
Oman Arab Bank celebrated the opening of its upgraded and relocated Nakhal branch under the patronage of Said Al Hakmani,…
EFG Hermes managed 4 IPOs on Tadawul in 2023: Co-Head of Investment Banking
EFG Hermes has managed several successful initial public offerings in the Gulf markets, particularly in Saudi Arabia, the UAE, Kuwait,…
HSBC appoints Head of Global Private Banking in Kuwait
HSBC has launched onshore wealth management advisory services in Kuwait, expanding HSBC’s Global Private Bank offering in the country as…
EFG Holding’s Q2 2023 revenue jumps 51% to $844m
EFG Holding posted higher quarterly revenue and profit, buoyed by broad-based growth across the investment bank (EFG Hermes), the commercial…
Bahrain Al Salam Bank's Q2 net profit up 47%
Al Salam Bank, the largest Islamic bank in Bahrain, has reported a net profit attributable to shareholders of 10.3 million…
UAE slaps $1.3mln fine on exchange house for violating compliance laws
The Central Bank of the UAE has imposed a financial sanction and a fine of 4.80 million dirhams ($1.3 million)…
GFH reports a 29.5% increase in net profit
Group Highlights for Q2 and H1 2023: Successfully executed its strategy and reported enhanced financial performance and results…
ADIB finances UK real estate assets worth $128m in H1 2023
Abu Dhabi Islamic Bank continues to grow its UK commercial real estate financing portfolio with more than $128m (GBP100m) in…