Egypt- IDB pre-tax profit increases %3.1 to EGP 391m in 2019
The Industrial Development Bank reported pre-tax profit of about EGP 391m at the end of December 2019, compared to about…
Financial Results
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Moody's revises outlook to negative on eight UAE banks
Global ratings agency Moody’s on Friday had changed its outlook to negative from stable for eight UAE banks amid the…
Qatari Islamic lenders outweigh conventional banks in first quarter
GCC Islamic banks continued to outweigh their conventional counterparts in a number of metrics in the first quarter of 2020.…
Qatar’s FDI inward stock exceeds $31bn in 2019: UNCTAD
Qatar's foreign direct investment inward stock exceeded $31bn in 2019, according to the latest "World Investment Report 2020" by United…
Islamic finance to grow at slower pace in 2020-21: S&P
The global Islamic finance industry will show at best stable total assets or low-single-digit growth in 2020-2021 after strong performance…
KPMG: Saudi banks continue to be hyper-vigilant on credit underwriting, focus on asset protection
KPMG released the first edition of its Banking Pulse, a quarterly report in a series on recent developments in Saudi…
Kuwait’s SWF witnesses steady growth despite crisis globally
In the recent days, many questions have been raised about the sovereign wealth fund (SWF) of Kuwait, and whether it…
Resilience keeps Qatar banks on track for growth
Despite the first quarter of 2020 manifested a significant impact of the international volatility on the global banking industry, Qatar’s…
Saudi trade surplus declines 25% in 2019
Saudi Arabia has achieved a trade surplus worth SAR 439.43 billion in 2019, down by 25.5% when compared to SAR…
UAE Central Bank expects economy to rebound from second half of 2020
The UAE economy is expected to begin recovery in the second half of 2020 following the sharp downturn experienced in…
Mena IPO deals raise $814.2m in first quarter of 2020
The Mena region recorded an increase in IPO volume and value during Q1 2020, with four IPOs - including one…
Private deposits in commercial banks rise by 8.8%
Total deposits held with ODCs registered a growth of 8.8 per cent and stood at OMR13,697.7 million at the end…