UAE's central bank pilots cbank digital currencies transactions
The Central Bank of the United Arab Emirate said on Wednesday it has completed the world's largest pilot of central…
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BBK discloses its financial results for the period ended 30th September 2022
BBK (trading code BBKB.BH) announce its financial results for the nine months ended 30th September 2022, including the third quarter…
Credit Suisse Becomes Part of Saudi Crown Prince's Vision
Credit Suisse is bringing Saudi National Bank on board as one of its largest shareholders to increase capital. At the…
Saudi Arabia's SNB’s shares dip as it seeks to own 10% stake in Credit Suisse worth $1.5bn
Saudi National Bank, known as SNB, is all set to invest up to $1.5 billion in Switzerland-based Credit Suisse, as…
Houlihan Lokey Expands Global Capital Markets Group Into Middle East and Africa
Houlihan Lokey has announced that Andy Cairns has joined the firm as a Managing Director and Head of Middle East…
Meta gives tepid revenue forecast as ad weakness persists
Meta Platforms gave a forecast for revenue in the fourth quarter that was on the low end of analysts’ estimates,…
Drop in UAE gold prices and Diwali led to the best gold sales weekend in 2022
Online is finally making its presence felt in the UAE’s gold and jewellery market, with the recent ‘Dhanteras’ and Diwali…
Abu Dhabi's Aldar Properties' nine-month sales of Dh9.3b is already Dh2b over full-year 2021
There is no holding back Aldar Properties, which has just delivered its ninth consecutive quarter of ‘record-breaking’ sales. In the…
National Bank of Fujairah posts 155.1% rise in nine-month net profit
National Bank of Fujairah recorded Dhs230.7m in net profit for the first nine months of the year, growing 155.1 per…
Saudi Aramco sets up $1.5bln sustainability fund
Oil giant Saudi Aramco has set up a $1.5 billion sustainability fund to invest in technologies that can support net-zero…
UAE tops list of FDI senders to Egypt, says Egyptian PM
The UAE's foreign direct investment (FDI) in Egypt rose to US$ 4.6 billion in the first nine months of the…
Dubai’s biggest lender Emirates NBD posts 51% rise in Q3 net profit
Emirates NBD, Dubai’s biggest lender, has posted a 25% year-on-year (YoY) rise in net profit on the back of strong…