Gulf International Bank achieves 62% increase in first quarter net profit
Gulf International Bank B.S.C. reported a net profit of $12.8 million for the first quarter of 2022 attributable to the…
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Wealth managers expect asset management industry to hit $2 trillion faster than expected
Middle East and North Africa wealth advisers expect a concerted push by international financial institutions to expand in the region,…
Gulf Steam: economies in the region gather pace
Key takeaways High oil prices should drive high single-digit growth in the main GCC economies this year, as well as…
UAE strongman Sheikh Mohammed bin Zayed named new president
The United Arab Emirates' de facto leader Sheikh Mohammed bin Zayed al-Nahyan was elected president of the Gulf Arab state…
How consumers can protect themselves from buy now pay later fraud
Given the general increase in the cost of living, and the post-coronavirus economy, the buy now pay later (BNPL) payment…
SDAIA expects AVs to be available for everyone by 2050: Saudi Arabia
Saudi Data and Artificial Intelligence Authority (SDAIA) expected that autonomous vehicles (AVs) will be available for everyone by 2050. …
Incomes, sales tax revenues up by 12% in first 4 months of 2022: Jordan
Revenues from income and sales taxes totalled JD2.080 billion in the first four months of 2022, compared with JD1.855 billion…
UAE Banking Sector: Great strides under leadership of Khalifa bin Zayed
The financial and banking sector in the UAE under late Sheikh Khalifa bin Zayed Al Nahyan, made unprecedented achievements that…
QIB wins 4 prestigious awards from the Digital Banker Magazine
Qatar Islamic Bank (QIB) is pleased to announce its recognition with four prestigious awards at The Digital Banker’s - Middle…
Ithmaar posts $3.95m Q1 profit; operating income up 16pc
Ithmaar Bank, a leading Bahrain-based Islamic retail bank, has reported a net profit of BD1.502 million ($3.95 million) for the…
Key role for Bahrain’s banking sector in driving ESG agenda
The contribution that Bahrain’s banking sector has made to the kingdom’s economic diversification efforts and its evolving role as a…
Dentons advises on innovative ship finance deal
Dentons has advised Abu Dhabi Islamic Bank as the arrangers on a US$135 million Islamic pre- and post-delivery financing for…