Saudi Arabia's Al Rajhi Bank sees 43% rise in net profit
Al Rajhi Bank, the biggest retail lender in Saudi Arabia, reported a significant jump in net profit for the third…
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UAE banking official says banks' assets to grow 8% in 2022: Al Arabiya
Emirati banks' assets are expected to grow 8% in 2022, Dubai-based Al Arabiya TV channel cited the head of the…
Blockchain will empower smart cities of the future
Blockchain is a novel technology that can remove market inefficiencies and spur economic growth when applied to existing businesses or…
The Saudi Green Initiative: a technology-driven revolution
The forthcoming Saudi Green Initiative (SGI) Forum, to be held in Riyadh on 23-24 October, is set to be a…
Finance watchdog 'grey lists' Turkey in threat to investment
An international watchdog downgraded Turkey to a so-called grey list on Thursday for failing to head off money laundering and…
Qatar banking sector total assets stand at QR1.78tn in September: QNBFS
Qatar banking sector total assets remained flat, month-on-month (MoM) in September and stood at QR1.78tn, QNB Financial Services (QNBFS) said…
Holborn Assets names new Middle East director
Holborn Assets has announced the appointment of Stefan Terry as Managing Partner of its Middle East region. Stefan Terry…
Ex-Google executive raising $1 billion middle east tech fund
STV, a venture capital firm started by ex-Google executive Abdulrahman Tarabzouni, is looking to raise at least $1 billion for…
Abu Dhabi launches 'Virtual Licence' for non-resident foreign investors
The Abu Dhabi Department of Economic Development has launched the "Virtual Licence" allowing the non-resident foreign investors to obtain an…
Abu Dhabi energy sector to achieve sustainable development: Awaidha Al Marar
Awaidha Murshed Al Marar, Chairman of the Abu Dhabi Department of Energy (DoE), has said that the energy sector in…
UBS eyes Mideast expansion with new wealth desk in Dubai -memo
UBS will establish a new wealth desk in Dubai that will add coverage of Oman and Kuwait markets, and a…
Dubai's biggest bank still waiting for asset quality to improve
Emirates NBD PJSC has reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely…