Commercial Bank of Dubai reports profit for 2021
Commercial Bank of Dubai has reported AED1.45 billion in net profit of for the year 2021, a growth of 29.5…
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Riyad Bank sells $750mln in perpetual sustainability sukuk
Riyad Bank, which is 43% indirectly owned by the Saudi government, sold $750 million in Additional Tier 1 (AT1) Islamic…
Mercator : Key Regulatory Updates from 2021
Looking back on 2021, it was once again a busy year in which jurisdictions across the globe continued to introduce…
Abu Dhabi crypto firm Hayvn in talks for series B funding, eyes IPO
Abu Dhabi-based crypto trading firm Hayvn is in talks with institutional investors to anchor a series B funding round that…
Saudi market regulator approves Bank Albilad’s $2.67bln capital raise
Saudi Arabia’s Capital Market Authority has approved Bank Albilad’s request to boost capital to SR10 billion ($2.67 billion), according to…
Dubai Islamic Bank prices $750 million senior sukuk at 2.74%
Dubai Islamic Bank (DIB) priced its $750 million 5-year sukuk issue with a profit rate of 2.74 per cent per…
Kuwait Finance House net profit surges 64pc to $803m
Kuwait Finance House (KFH), one of the world's leading Islamic financial institutions, has reported a net profit of KD243.4 million…
Year of uncertainty, says ENBD investment outlook
This will be a year of many uncertainties, a period of transition to more normal fundamental returns, but not without…
Al Salam Bank launches Life Planning Account drive
Bahrain’s Al Salam Bank has announced the launch of its latest Life Planning campaign which provides clients the optimal choice…
Introduction of corporate tax will not burden UAE’s banking sector
The introduction of a 9 per cent corporate tax on business profits above Dh375,000 from June 1, 2023 is unlikely…
Jordan Islamic Bank announces US$ 136.1mln profits in 2021 before tax
Jordan Islamic Bank has announced its financial results for the 2021 year. JIB has successfully achieved growth in various financial…
Financial Markets Regulatory Outlook 2022
Our annual assessment from Deloitte’s EMEA Centre for Regulatory Strategy explores how major regulatory trends will affect the financial services…