UAE gold price at Dh215/g – should shoppers be buying or booking?
The Dubai Gold Rate has dropped to Dh213.75 a gram – and could slip further – ahead of what will…
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Magnati sale raises UAE’s First Gulf Bank's Q1 net profit to $1.4bln
First Abu Dhabi Bank’s (FAB) net profit has more than doubled in Q1 2022, boosted by the sale of a…
State Street GA targets financial advisers with first ever funds push in UAE
State Street Global Advisors has launched two global active equity funds in the United Arab Emirates (UAE), marking the firm's…
Mashreq Posts AED 606 Million Net Profit For 1Q 2022
Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the quarter ending…
Cayman Islands litigation trends from the Middle East – Security for Costs
Walkers (Dubai) LLP has a full service Insolvency and Dispute Resolution team based in Dubai which regularly provides time-zone sensitive…
Arab Monetary Fund grants $623mln loans in 2021
The Arab Monetary Fund (AMF) has granted $623mln in loans in 2021 to support balance of payments and reform programs…
Credit Suisse Group announces changes to its Executive Board
Credit Suisse Group have announced a series of appointments to its Executive Board and management changes as follows: Chief…
Dubai Islamic Bank 1st Quarter 2022 group financial results
Robust balance sheet growth of 3% YTD reach AED 287 billion. Total income of over AED 3 billion, up 6%…
Banking system outlook upgraded in Bahrain
Bahrain banks’ profitability will return to pre-pandemic levels over the next 12 to 18 months, forecasts Moody’s Investors Service, noting…
QIC Group reports robust net profit of QR230mn in first quarter
Qatar Insurance Company registered a “robust” net profit of QR230mn in the first quarter of 2022, QIC announced last night.…
Saudi Arabia to launch first national strategy for intellectual property rights
Saudi Arabia is soon planning to launch its first national strategy for protecting intellectual property, a top government official said.…
Moody's upgrades Qatar banks outlook to 'stable' on receding Covid-19 challenges
Global credit rating agency Moody's has upgraded its outlook on the Qatar’s banking sector to "stable" from "negative" as the…