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,…
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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…
ADIB – Egypt wins 15 global awards in 2021
Abu Dhabi Islamic Bank (ADIB) – Egypt, the leading digital banking service provider in Egypt, received 15 industry-recognized global awards…
Phillip Trevett appointed as new Chief Risk Officer at Al Rayan Bank
Al Rayan Bank has appointed Phillip Trevett as its new Chief Risk Officer, subject to regulator approval. Philip has…
EFG Hermes expects Banque du Caire to be listed on EGX in 2022
Expectations prevailed that this year would be the year of IPOs in the Egyptian Exchange (EGX), especially after the government…
Lombard Odier appoints managing director in Israel
Lombard Odier has appointed Nir Yeshaya as managing director for its representative office in Israel. He is based in…
Saudi Investment Bank re-appoints chairman and vice-chairman
The Saudi Investment Bank, known as SAIB, has extended the tenure of both Abdullah S. Jum'ah as chairman of the…
GCC corporate tax rates are still attractive to foreign companies
Offshore centers have always competed with each other to attract business based on location, the ease of doing business and…
UAE property market may face ‘some headwinds’ in 2022 as payment plans tighten
Activity and performance are expected to continue to strengthen across all sectors in the UAE property market this year although…
HSBC committed to supporting Egypt’s sustainable development: CEO
Todd Wilcox, CEO and Deputy Chairperson of HSBC, said the bank has a long history of supporting national development in…
Corporate Social Responsibility programmes in Banking sector reached EGP 4.608bn in 2021: CBE Governor’s Advisor
Lamise Negm, Advisor to the Governor of the Central Bank of Egypt (CBE) for Corporate Social Responsibility (CSR), & Head…
Saudi Riyad Bank to issue dollar denominated Tier 1 capital sukuk
Saudi Arabia's Riyad Bank plans to issue US dollar denominated Tier 1 capital sukuk to support its capital base and…