Authorities act against two companies for QR24 million tax evasion
In coordination with the relevant authorities, the Revenue Protection Team of General Tax Authority identified tax evasion cases by a…
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Local banks increase activity in concluding joint loan deals
According to reliable banking sources, local banks have recently increased their activity in concluding joint loan deals directed towards neighboring…
Saudi Re wins ‘Reinsurance Company of the Year’ Award at MENA Insurance Review Awards 2023
The Saudi Reinsurance Company (Saudi Re) won the "Reinsurance Company of the Year" award at the prestigious 10th Middle East…
CBK launches RTM
CBK has launches the first edition of “The Ready to Move” exhibition, the first real estate exhibition in Egypt for…
Dubai’s Emaar nearly doubles 2022 net profit as property sales surge to $9.5bln
Emaar Properties’ net profit nearly doubled in 2022 as sales hit a record of AED 35.1 billion ($9.5 billion) on…
Jadwa Investment Awarded Best Asset Manager at Saudi Capital Market Forum
Jadwa Investment was awarded Best Asset Manager for 2022 as part of the Saudi Capital Market Awards announced at the…
Saudi Tadawul Group signs deal to implement ESG framework in capital market
The operator of the Saudi stock market, Saudi Tadawul Group, has signed a trilateral memorandum of understanding with the Ministry…
Dubai Islamic Bank successfully prices $1bn sustainable sukuk, its second so far
Dubai Islamic Bank has successfully priced its second sustainable sukuk – a $1bn 5.5-year senior issue with a profit rate…
UAE to build CBDC and card scheme
The United Arab Emirates is planning to launch a CBDC and domestic card scheme as part of a wide-ranging financial…
RAKBANK records net profit rise of 53.4% to Dhs1.16bn in 2022
The National Bank of Ras Al Khaimah has announced its financial results for FY 2022 and Q4 2022. RAKBANK…
Oman's Abraj Energy to raise up to $244mln in IPO; Saudi PIF among anchor investors
Oman's Abraj Energy Services SAOC, a fully owned oil drilling unit of state energy company OQ, on Tuesday said it…
Empower's 2022 net income climbs 7% on revenue boost
Emirates Central Cooling Systems Corporation, better known as Empower, has reported an increase of about 7 per cent in its…