Kuwait Central Bank appoints its first female deputy governor
The Central Bank of Kuwait has named Sahar Al-Rumaih as its deputy governor in a first-ever such appointment of a…
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Qatar Investment Authority launches new initiative to boost liquidity
Qatar Investment Authority, a sovereign wealth fund with around $460 billion in assets, has launched a market-making initiative to boost…
NBB backs SMEs with upgraded Tamweel Al Watani scheme
The National Bank of Bahrain has launched an updated version of its Tamweel Al Watani lending scheme to enable a…
Capital Market Authority approves amending business list of BNP Paribas Saudi Arabia
Saudi Arabia’s Capital Market Authority has approved the request of BNP Paribas Investment Co. to amend the list of businesses…
Higher-income, easing provisions drive UAE banks’ profitability growth
The bottom-line profitability of the four largest banks that account for 70 per cent of the total UAE banking assets…
A European retreat opens the door to Middle East banks in Africa
The financial and commercial ties that bind the Middle East and Africa may never have been stronger than they are…
UAE’s major banks’ net profit rises in H1 on higher interest income: Moody’s
Net profits of the UAE’s four largest banks surged in the first half of 2022 on the back of higher…
HSBC Saudi Arabia appoints new CEO
The Board of Directors of HSBC Saudi Arabia has appointed Faris AlGhannam as the bank’s new Chief Executive Officer as…
Bahrain’s GDP grows 6.9%
Bahrain’s economy recorded its highest growth since 2011 in the second quarter this year, shows the latest government data. …
QIB receives STP Excellence Award from Citibank
Qatar Islamic Bank announced receiving the Straight Through Processing Excellence Award 2021 from Citibank, which annually recognizes its best-in-class partner…
Dukhan Bank named ‘Best Consumer Digital Bank in Qatar’
Global Finance magazine has crowned Dukhan Bank as the “Best Consumer Digital Bank in Qatar” at round one of its…
Dubai developer Nakheel nears $4.6bn debt restructuring to fund expansion
Dubai developer Nakheel is nearing a debt restructuring deal worth $4.6bn, as the group behind landmarks such as Palm Jumeirah…