Kuwaiti banks’ performance likely to improve in 2022 helped by higher oil price: S&P
The operating environment for banks in Kuwait will improve in 2022 thanks to higher oil prices and continued recovery from…
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Al Baraka Islamic Bank Launches Exclusive Real Estate Financing Solutions to Customers
Al Baraka Islamic Bank, one of the leading Bahraini financial institutions in the field of Islamic banking, announced that it…
ADGM Academy, The Human Resources Authority, and Banque Misr launch banking educational programme for Emiratis
Abu Dhabi Global Market Academy, the educational arm of Abu Dhabi Global Market, the Human Resources Authority (HRA), and Banque…
Derayah Financial CEO says it owns 20% of PIF-backed digital bank D360
Derayah Financial Co. owns nearly 20 percent of D360, the PIF-backed local digital bank, the company’s CEO told Argaam on…
Mastercard recognizes QIB on the anniversary of first Islamic point of sale solution in Qatar
Qatar Islamic Bank (QIB) has received recognition from Mastercard on the third anniversary of the launch of Qatar’s first Islamic…
Oman to set up to association for debt relief
Muscat- Dr. Laila bint Ahmed Al-Najjar, Minister of Social Development, said the formation of the Al-Gharmeen Charity Association to help…
Beware of fraudsters while banking, warns ROP
The Royal Oman Police (ROP) has warned people against opening bank accounts and allowing unknown people to use them. …
Banque Saudi Fransi selects Backbase’s Engagement Banking Platform
Banque Saudi Fransi has announced a new partnership with Backbase, the leading engagement banking platform provider, to transform BSF’s digital…
Study finds that less than 1/3 of IPOs in the GCC succeed
With 38 GCC market debuts, 2021 was the best year for new listings since 2007. Yet, the high volume of…
Christie’s announces new management team for Christie’s Middle East
Christie’s has announced two key appointments to its senior management team in the Middle East: Dr. Ridha Moumni has been…
Global investment banking fees fall 31% to two-year low
Investment banking fees reached $28.1 billion during the first quarter of 2022, posting a 31% decrease compared to the first…
Bahrain-listed firms’ net profits triple to $2.8bln
Bahrain-listed companies saw their net profits triple to $2.8 billion in FY-2021 when compared with $870.2 million in FY-2020 on…