Mizrahi Bank posts highest ever profit
Mizrahi Tefahot Bank posted a record profit for 2021, NIS 3.19 billion, double the profit for 2020 of NIS 1.6…
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Abu Dhabi offers exclusive benefits to golden visa holders
Golden visa holders in Abu Dhabi are being offered exclusive commercial benefits to encourage investment in the emirate. They…
Business conditions in Lebanon still deteriorating, but at a slower rate
Business conditions in Lebanon continued to deteriorate in February, but at a slower rate, as its Purchasing Manager’s Index (PMI)…
Deutsche Bank’s Mystery Middleman Sat In on Saudi Stake Plans
Deutsche Bank AG didn’t just rely on obscure German businessman Daniel Wruck for advice when making investments in small startups…
Saudi Arabia, Jordan eye trade relations over $1bn with new agreement
A bilateral agreement which could be worth over $1 billion has been signed by business leaders from the Saudi Arabian…
Jordan’s Capital Bank lists $100m bond on Nasdaq Dubai
The Capital Bank of Jordan has listed a $100m perpetual AT1 bond on Nasdaq Dubai. The bond is the…
Qatar, Oman to enhance trade and investment partnership
Undersecretary of the Ministry of Commerce, Industry and Investment Promotion in the Sultanate of Oman H E Assila bint Salem…
UK Court Orders Lebanese Banks to Pay $4M to Saver
A London court has ordered two Lebanese banks to pay a depositor $4 million of his money locked in Lebanon’s…
Abu Dhabi wealth fund cuts jobs in effort to save 1b dirham in costs
Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, has cut dozens of jobs over the…
Standard Chartered Gets Greenlight In Egypt
Standard Chartered received the green light to launch full-fledged banking operations in Egypt. The arrival of the UK lender marks…
Concerns about future Gulf Bank credit risk
Credit risk concerns for future Gulf Banks.Deteriorating asset quality can hinder the role of banks in credit provision The…
Ajman’s Department of Finance 'Fursan Robots' wins UAE Innovates 2022
The Ajman's Department of Finance has won an award at the UAE Innovates 2022 under the category "Most Innovative Use…