Investcorp swings to profit, N.American PE fund raises $1bln
Manama-based Investcorp on Wednesday posted a net profit of $124 million for its financial year ending June 30, rebounding from…
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Saudi British Bank swings to $245mln Q2 net profit
Saudi British Bank (SABB), an affiliate of HSBC Holdings, swung to a net profit of 919 million riyals ($245 million)…
Dubai-based company setup firm expands operations in Saudi Arabia
Pro Partner Group, a Dubai-based company specializing in company formations, has expanded its operations in Saudi Arabia. It was…
Deploy top talent into critical roles for a sustained advantage
As companies navigate the current environment and future fit their strategies and models for the ‘new normal’, one aspect they…
Takaful’s net profit rises 75%
Takaful International Company’s board of directors have approved the financial results for the three month period ended June 30, 2021.…
GCC wealth: Saudi, UAE top the list; Bahrain marks fastest growth
Bahrain’s wealth is a fraction of Saudi Arabia’s $1 trillion, but the smaller kingdom has seen the GCC’s fastest wealth…
Dubai company to link NSE with top Africa bourses
Dubai-based firm, DirectFN, has won the contract to supply the software that will link Nairobi Securities Exchange (NSE) with six…
QIB second top bank in Qatar, 20th bank in ME
Qatar Islamic Bank (QIB) was ranked second in Qatar, 20th in the Middle East, and 248th in the world in…
Supporting MSMEs without putting banks at risk
Saudi Arabia did a great job in shielding micro, small and medium-sized enterprise owners from the negative impact of the…
Israel's Hapoalim ready to resume regular dividends after one-time payout – CFO
Bank Hapoalim is confident that its financial position will enable it to resume regular ordinary dividend payments once the regulator…
Dubai watchdog gives regulatory nod to mobile investment app
A fintech start-up called Baraka, which received authorisation from the Dubai Financial Services Authority (DFSA) in June, has rolled out…
Qatar's PPP law expected to enhance opportunities in various sectors: PwC
Qatar’s Public Private Partnership Law, issued in May 2020, is expected to enhance opportunities in various sectors including education, healthcare,…