GCC banks post $35bn profits on higher revenues in 2021
Total net profits for the GCC banking sector increased by 40 per cent to reach US$35bn in 2021 as compared…
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Citi to sell Bahrain consumer business to Ahli United Bank
Citigroup Inc agreed to sell its consumer banking business in Bahrain to Ahli United Bank BSC (AUB) for an undisclosed…
QIB and QDB sign new “Al Dhameen” program agreement
Qatar Islamic Bank has signed a new Al Dhameen Program Agreement sponsored by Qatar Development Bank. The agreement was signed…
Banque Misr, NBE return on certificates in 2 weeks rises
Banque Misr and National Bank of Egypt (NBE) have collected EGP 423 billion in two weeks through sales of their…
Saudi Arabia’s Islamic banks lending grow by a record 17.9% in 2021
Lending by Islamic banks grew by 17.9 percent in 2021 — the highest annual rate on record, according to data…
Egypt issues its first samurai bonds: Cabinet
Egypt is the first country in the Middle East to issue the samurai bonds, as it attempts to diversify funding…
Equiom opens new office in Riyadh
Professional services provider Equiom Group has opened a new office in Riyadh, Saudi Arabia. According to the firm, the…
Mashreq and noon.com collaborate to launch VIP savings account
Mashreq and noon.com Middle East's leading digital e-commerce platform, have partnered to launch the “Mashreq noon VIP Savings Account”. …
PwC Middle East details six steps to develop sustainable Real Estate Markets in the region in a new report
Governments in the Middle East have implemented wide-ranging economic measures and incentive packages for their respective Real Estate markets in…
Kamco Invest shareholders approve distribution of 10 fils cash dividend
Kamco Invest, a regional non-banking financial powerhouse with one of the largest AUMs in the region, held its eAGM for…
Partners in Performance hires consulting veteran
Partners in Performance has strengthened its team in the Middle East with former Monitor Deloitte and Bain & Company partner…
UAE’s economic growth on track for 4.2% GDP growth despite inflation rise: Central Bank
The UAE is on track to achieve the 4.2 per cent growth forecast for 2022 while inflationary pressures are rising,…