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,…
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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…
The Banking Control Law in Saudi Arabia
In light of the extra precautions the Saudi government is taking to mitigate financial crimes, it is necessary to shed…
Boubyan Bank records KD 17mln in net profits for the first quarter of this year
Al-Majed: A Good Start to 2022 and We Are Looking Forward to Continuing Our Full Digital Transformation Strategy Al-Majed: Moody’s…
Arab economies expected to grow by 5% in 2022: AMF
5% in 2022, supported by the increase in oil production and its prices in international markets and the continuation of…
EY: Two thirds of Middle East CEOs to pursue M&A in 2022
Two thirds of CEOs in the Middle East plan to pursue a merger or acquisition in the next 12 months,…
FAB teams up with IBM to accelerate digital transformation
First Abu Dhabi Bank has announced the collaboration with IBM Consulting to support the bank’s ongoing digital transformation journey. …
Submit your tax returns by this date: Tax Authority Oman
The Tax Authority has urged those subject to the provisions of value-added tax to submit tax returns for the first…
Saudi telecom firm Zain net profit jumps 98% to $22m in Q1 on higher revenue
Mobile Telecommunication Co. Saudi Arabia, known as Zain KSA, has seen a 98 percent increase in net profit during the…