Abu Dhabi Islamic Bank posts 45% jump in annual net profit
Abu Dhabi Islamic Bank on Monday reported a year-on-year growth in net profit of 45 percent for the full year…
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iM Global Partner expands in EMEA
iM Global Partner has announced it is expanding its business development in EMEA with the appointment of Simon Frey as…
Seven Emirati women named among Forbes' most influential businesswomen in MENA
Seven Emirati women were named among this year’s list of MENA’s most influential and successful businesswomen by Forbes that featured…
Digital innovations shaping the future banking landscape in MENA region
In the wake of the pandemic, banks across the globe continue to pursue digital transformation aggressively to position and prepare…
Fitch downgrades 11 Kuwaiti Banks
Fitch Ratings has downgraded 11 Kuwaiti banks' Long-Term Issuer Default Ratings (IDRs). Their Outlooks are Stable. The banks are…
Will UAE's corporate tax rate affect creditworthiness of businesses?
The UAE’s recently announced corporate tax could put pressure on businesses, but the impact will be manageable and will not…
Central Bank of Kuwait net foreign assets suffer biggest fall in at least 30 years
Net foreign assets of the Central Bank of Kuwait witnessed the biggest net annual fall on record, according to data…
Moody's assigns first time A1 rating to Saudi Arabia's PIF
Moody's Investors Service on Monday assigned an A1 long term issuer rating (Global Scale Rating (GSR)) and a1 Baseline Credit…
Banque Saudi Fransi reports 123% profit surge
Saudi Arabia’s Banque Saudi Fransi has reported a 123 percent profit surge during 2021, driven by a reduction in costs.…
IQ-EQ welcomes Atlantica Ventures as first Launchpad client
IQ-EQ has announced that Atlantica Ventures has become the first client of IQ-EQ Launchpad, a unique initiative aiming to support…
Saudi sukuk issuance rises by 37% in 2021, says S&P Global
Saudi Arabia’s sukuk issuances jumped by 37 percent in 2021, totalling $36.9 billion, up from $27 billion the year before,…
Non-energy growth eases at start of 2022, but remains strong
Purchasing Managers’ Index (PMI) survey data from Qatar Financial Centre (QFC) continued to signal strong growth in the non-energy private…