Bahrain's NBB posts 4% rise in H1 net profit to $108mln
National Bank of Bahrain has reported 4% increase in net profit attributable to shareholders to BHD40.8 million ($108.2 million) in…
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Oman Development Bank approves development loans worth RO 14 million
The Board of Directors of Oman Development Bank has approved a set of loans to the tune of RO 14…
GCC wealth funds set to expand global presence on growing liquidity buffers
Continued foreign currency generation will allow GCC-based sovereign wealth funds to extend their foray into global markets in the coming…
UAE: DFSA, Financial Intelligence Unit join hands against financial crime
The Dubai Financial Services Authority has signed a memorandum of understanding with the Financial Intelligence Unit of the UAE to…
Dubai’s GDP grows 2.8% in Q1 2023 to reach Dhs111.3bn
Dubai’s real gross domestic product (GDP) grew 2.8 per cent year-on-year in the first quarter of the year to reach…
Gulf International Bank annouces outstanding first half results
In the second quarter of 2023, the positive trend continues as the net profit attributable to Shareholders of the Bank…
Union Insurance Company launches new individual health insurance solution
Union Insurance Company has announced that it has launched a new individual health insurance solution at the most competitive rate…
Saudi wealth fund takes $15.6bn hit from SoftBank and tech
Saudi Arabia’s sovereign wealth fund reported a $15.6bn comprehensive loss for 2022 after the value of its investments in SoftBank…
Ajman Bank’s Dhs550m rights issue receives strong response
Ajman Bank’s Dhs550m rights issue has been received very well, attracting many international investment banks and local investors. The rights…
GREEN FUTURE: Bahrain has achieved considerable success in adapting to global volatile trends
BAHRAIN has achieved considerable success in adapting to global volatile trends, investing in renewable energies, fast-tracking digital transformation and reinforcing…
UAE: New national system for carbon credits using blockchain
Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment, witnessed the signing of a Memorandum of Understanding between the…
Garanti BBVA fintech subsidiary launches digital asset business
Garanti BBVA Financial Technologies, the fintech subsidiary of Turkey's Garanti BBVA Bank, has launched its first venture with a leap…