Saudi Arabia's Al Rajhi Bank posts 39% rise in 2021 profit as operating income grows
Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 39 per cent rise surge in its 2021 net…
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Corporate Tax in UAE
Very rarely one gets to witness an actual “paradigm shift”. For tax professionals, otherwise used to frequent tax reforms, to…
Mashreq Bank Chooses Thetaray Transaction Monitoring Solution for Correspondent Banking
Mashreq Bank of the UAE and ThetaRay has announced they will collaborate in transaction monitoring. The implementation of ThetaRay's AI-driven,…
Al-Rushood: KFH Profits Approximated Pre-Covid19 levels
Acting Group CEO of Kuwait Finance House (KFH), Abdulwahab Essa Al-Rushood said that the Group performance has grown significantly during…
For UAE developers, low-cost financing from Europe opens up interesting options
UAE developers with new projects could be looking to Europe to access cheaper funding options. Dubai Investments’ Khalid Bin Kalban…
Mubadala Capital holds a successful final close on its first investment fund in Brazil
Mubadala Capital has closed its first fund in Brazil, Brazil Special Opportunities Fund I (“BSOF I”), with total commitments of…
Ithmaar Holding reports 2021 profits
Ithmaar Holding B.S.C. (Trading symbol Bahrain Bourse and Dubai Financial Markets: ITHMR) has reported profits for 2021 as it announced…
Network International appoints Navneet Dave as Regional Managing Director – Processing for GCC
Network International has announced the appointment of Navneet Dave as Regional Managing Director – Processing – GCC (excluding KSA). In…
Apollo to Invest in Aldar Through Landmark US$1.4 Billion Transaction
Aldar Properties PJSC and Apollo Global Management have signed a landmark commitment that will see Apollo-managed funds and clients invest…
Egypt M&A activity further accelerates in the second half of 2021 leading to the full year tally: Baker McKenzie Report
• Egypt deal values continued to rise in H2 2021 with another quadruple (430%) surge whereas volumes increased by 38%…
As SNB celebrates merger, some clients struggled to find their way
It took only 15 months for National Commercial Bank and Samba Financial Group to complete the fastest and largest merger…
Bahrain Association of Banks Chairman honoured
Adnan Yousif, Chairman of the Bahrain Association of Banks, was honored by Lebanon News Online in recognition of the years…