Dubai's National General Insurance posts 53.5% rise in 2021 net profit
Dubai-listed National General Insurance reported a net profit of 70.8 million dirhams ($19.3 million) for 2021, up by 53.5 percent…
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BACB appoints new Head of Treasury Sales
British Arab Commercial Bank has appointed Salim Abukhzaam as Director and Head of Treasury Sales. Abukhzaam, an experienced banking professional,…
Saudi cabinet approves licensing third digital bank
The Saudi cabinet has approved the licensing of a third digital bank, called D360 Bank, with a capital of 1.65…
PwC Middle East expands operations in Saudi Arabia
PwC Middle East has expanded its operations in Saudi Arabia by opening a new office in AlUla. The PwC’s…
Frenchman leads KPMG Deal Advisory in Bahrain
KPMG has appointed the Frenchman Nicolas Ribollet as the new Head of Deal Advisory for Bahrain. Nicolas Ribollet brings…
Data Protection Law issued in Oman
Oman has become the latest country in the Middle East to issue national privacy legislation with the publication of a…
Kenya Banks On Dubai Expo To Re-Establish Presence In UAE
Kenya is seeking to re-establish its presence in the United Arab Emirates (UAE) as a tourism and investment destination. …
Egypt inflation forecast to rise to 7.5% in 2022 on rising food, energy prices
A leading global research institution expects the annual inflation rate in Egypt to rise to 7.5 percent this year, up…
Abu Dhabi’s ADCB offers a deposit scheme for a UAE Golden Visa
The Abu Dhabi Commercial Bank has launched a deposit scheme where clients can apply for a Golden Visa under the…
Dubai's Amanat Holding posts 28-fold jump in net profit to $76.4mln
Dubai’s Amanat Holdings has recommended its highest-ever dividend payout after full-year net profit for 2021 surged 28-fold, supported by income…
Bahrain's Investcorp buys 64 US industrial properties for $640mln
Bahrain’s Investcorp has announced that it has acquired $640 million worth of US industrial real estate, increasing the size of…
HSBC Partners with QNB to Launch Green Repurchase Agreements
HSBC has launched, in partnership with Qatar National Bank, a new green finance instrument in the Middle East, North Africa…