Saudi NCB announces completion of issuing additional Tier 1 Sukuk
National Commercial Bank announced that it has now completed the offering of the Sukuk and the settlement of the Sukuk…
Comment & Analysis
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Bridgestone announces mid-long term business strategy framework, sets new vision
Bridgestone Corporation has announced its new Mid-Long Term Business Strategy Framework, which sets forth a forward-looking vision to 2050 and…
Buying a gram of gold in Dubai touches all-time high at Dh216.25
The cost of buying a gram of 22K gold in Dubai has touched an all-time high – at today’s price,…
Bank of Sharjah posts Dh488m 2019 loss from Lebanese subsidiary
Bank of Sharjah Group on Thursday announced its results for full year 2019 following nearly six month delay caused by…
A deep dive into Turkey’s latest credit boom
Turkey’s credit boom that started towards the end of last year has been turbocharged in recent months and this should…
COVID-19 headwinds to hurt Saudi banks’ profitability
Saudi Bank’s profitability that witnessed improvement in the first quarter of 2020 is likely to be impacted by COVID-19 headwinds…
$8bn blow to Erdogan as investors flee Turkey
Foreign capital is flooding out of Turkey in a massive vote of no confidence in President Recep Tayyip Erdogan’s economic…
Saudi Arabia spends more than $57 billion on coronavirus stimulus
Saudi Arabia spent more than SR214 billion ($57 billion) on 142 initiatives to tackle the impact of the coronavirus in…
Israel cenbank’s Abir says buying corporate bonds to prevent layoffs
The Bank of Israel’s decision to start buying corporate bonds should enable companies to issue debt and prevent further layoffs…
Saudi banks witnessed improving profitability in Q1 2020 – A&M
Profitability at Saudi Arabia’s top banks improved during the first quarter of the year. However, the sector will face challenges…
DIFC Presidential Directive in response to COVID-19 ends on July 31
Dubai International Financial Centre on Wednesday said that the Presidential Directive announced in the last week of April in response…
Doha Bank bid to bring in more financial firms from Japan to invest in Qatar’s capital market
Doha Bank is strengthening operations in its rep office in Japan to bring in more financial institutions from there to…