Al Baraka Group’s 2022 net profit increases by 52% to $239mln
Al Baraka Group has announced its financial results for the fourth quarter (“the quarter”) and twelve months ended 31 December…
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AXA General Insurance Egypt welcomes Sameh Anas as the new Managing Director appointed by FRA
AXA General Insurance Egypt has received approval from the Financial Regulatory Authority on appointing Sameh Anas as its new Managing…
Abu Dhabi’s FAB Hires Edmond de Rothschild Executive to Lead Private Bank
First Abu Dhabi Bank PJSC hired Michel Longhini from Edmond de Rothschild to lead its global private bank. Longhini…
Ithmaar Bank reports $22mln net profit for 2022
Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported a total net profit of BD8.34 million ($22 million) for FY…
UAE’s UBF, Azerbaijan Banks Association sign MoU to boost sectoral cooperation
The UAE Banks Federation has signed an MoU with the Azerbaijan Banks Association to enhance cooperation and exchange of experiences,…
Abu Dhabi Global Market, Zand Bank join hands to support SMEs
Abu Dhabi Global Market (ADGM) and Zand Bank, the UAE’s first all-digital bank licenced by the UAE Central Bank, have…
Dubai’s DIFC registers highest ever revenue in 2022
Dubai International Financial Centre has registered its highest ever revenue, totalling Dhs1.06bn, in 2022. Combined revenue grew 18 per…
Energy industry’s methane emissions surge to near record despite supply concerns, IEA says
The global energy industry’s methane emissions surged to 135 million tonnes last year, slightly below 2019’s record highs, the International…
Dubai redeems sukuk worth more than $1bln
Dubai's department of finance said it has redeemed $750 million worth of sukuk or Islamic bonds, issued on January 30,…
Saudi policy is to build new sectors not related to oil: minister
Minister of Investment Eng. Khaled Al-Falih emphasized that building new sectors and economies not related to oil is the policy…
Prices in Dubai’s top property market to slow in 2023 but will lead globally
Dubai’s property market is expected to lead the global price charts in 2023 as it continues to attract high-net-worth individuals…
SABB wins Best General Clearing Member Award at Saudi Capital Market Forum
The Saudi British Bank won the Best General Clearing Member Award for the year 2022 during the Saudi Capital Market…