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…
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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…
'Arab banks are well prepared to counter cyber-security challenges'
CS Event’s Second Banking Revolution Summit, which started in Dubai on Monday, will end on Tuesday and focuses on disruptive…
UAE Digital Bank Zand Wins Franklin, Aditya Birla Backing
Zand, a digital bank helmed by Dubai businessman Mohamed Alabbar, has won the backing of investors such as Franklin Templeton…
SHUAA Capital net profit before one-off impairments reaches record high of AED 229mln
SHUAA Capital has announced its preliminary financial results for fiscal year 2021. The Group achieved a net profit of AED…
Waha Capital delivers net profit of AED 391mln
Waha Capital has reported a 69% increase in 2021 net profit to AED 391 million, compared to net profit of…
Bank ABC Announces 2021 Results
Bank ABC has announced its results for the Year ended 31 December 2021. The Group delivered solid results during…
Burgan Bank Successfully Establishes a Sustainable Financing Framework
Burgan Bank K.P.S.C. successfully established a sustainable financing framework in accordance with the applicable International Capital Market Association (ICMA) and…
Emaar Properties’ 2021 profit jumps 80% on record sales
Emaar Properties reported an increase of more than 80 per cent in its net profit for 2021, after its best…