QCB role decisive in Qatar banks' stability, strength and ratings: Al-Shaibei
QIIB CEO to QNA: Qatar Central Bank's Role was Decisive in Stability of Qatari Banks' Positions in Strength, Ratings …
Comment & Analysis
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NBB highlights achievements at investors meeting in Bahrain
National Bank of Bahrain Group’s achievements for the full year 2021 were highlighted during the quarterly investors meeting. The…
World’s 1.9bln Muslims spent around $2trln in 2021 – SGIE report
The world’s 1.9 billion Muslims spent the equivalent of $2 trillion in 2021 across the food, pharmaceutical, cosmetics, fashion, travel,…
Saudi Arabia to localize key jobs in fun cities
Minister of Human Resources and Social Development Eng. Ahmed Al-Rajhi announced on Thursday the ministry’s decision to localize key jobs…
First Abu Dhabi Bank expected to raise 500 mln euros via green bonds
First Abu Dhabi Bank (FAB.AD) is expected to raise 500 million euros ($553.90 million) in five-year green bonds at 70…
Saudi Arabia deposits $5 billion in Egypt's central bank – SPA
Saudi Arabia has deposited $5 billion in Egypt's central bank, the Saudi state news agency reported on Wednesday, and the…
A Story of Extremes
With inflation looming in the backdrop, the consensus among Fed governors for a faster rate hike is slowly gaining momentum…
Saudi Crown Prince’s $100 Billion Investment Chase Takes Off
Saudi Arabia’s foreign direct investment reached its highest level in more than a decade last year, seeing a sharp upswing…
GCC banking sector sees 7-quarter high ROE in 2021: Kamco
Higher profits reported by GCC banks pushed the aggregate return on equity (ROE) for the sector to a 7-quarter high…
Over $400bln required to bridge ‘digital divide’: Saudi-based ISDB chairman
The chairman of Jeddah-based Islamic Development Bank (ISDB) said that huge investments and more government efforts are required to help…
Tadawul seeks cross-listing and new financial products: CEO
Tadawul is in advanced talks over at least two companies from the Gulf nations listing on Saudi Arabia’s stock exchange,…
Nearly 95% people in Saudi Arabia report increased use of digital payments in 2021
Ninety five percent of respondents from Saudi Arabia reported an increase in their use of e-wallet and mobile banking in…