Abu Dhabi’s Emirates Driving posts 60% rise in Q1 2022 profit
Abu Dhabi-listed Emirates Driving Company saw its profit surge by approximately 60 percent during the first quarter of the year…
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Kaspersky opens new office in Saudi Arabia
Kaspersky has announced the opening of its new office in Riyadh, Saudi Arabia. Establishing this new office in the…
How empowering employees is key to ensure business survival
How has the role of IT departments evolved post-pandemic? The pandemic moved IT departments from the back office to…
Azimut expands in Middle East after record global profits
Azimut is growing its business in the Middle East with two senior hires in their ADGM asset management subsidiary that…
MENA Fintech Association releases the SHIFT report
The MENA Fintech Association has released the first volume of the SHIFT report, a comprehensive guide that supports the fintech…
ADCB is latest bank to join UAE’s Trade Connect platform
Abu Dhabi Commercial Bank is the latest to sign up for the UAE Trade Connect platform, which is a consortium…
KPMG wins GCC advisory awards at international competition
The Lower Gulf member firm of KPMG has bagged two international awards for excellence in the GCC region, with its…
Islamic Development Bank hires banks for 5-year dollar sukuk
The Jeddah-based Islamic Development Bank has hired a group of banks to arrange the sale of five-year U.S. dollar-denominated sukuk,…
Kuwait’s NBK reports 38% surge in Q1 profit on lower impairment losses
National Bank of Kuwait (NBK), the biggest lender in the Gulf country by assets, posted a 38 per cent jump…
UAE gross bank assets increase 0.8% to Dhs3,321.5bn at end of December 2021
The Central Bank of the UAE (CBUAE) has said that the Money Supply aggregate M1 increased by 2.3%, from Dhs686bn…
HSBC becomes Dubai Financial Market's first general clearing member
Dubai Financial Market has announced that HSBC has become the first international General Clearing Member (GCM) to join the market,…
Saudi Arabia issues $2.6bn worth of riyals-denominated Sukuk in April
Saudi Arabia’s National Debt Management Center issued SR9.98 billion ($2.6 billion) worth of riyals-denominated Sukuk in April. In a…