Most Gulf markets reverse course, Kuwait extends gains on MSCI upgrade
Most major Middle East markets clawed back earlier losses on Wednesday largely on back of their financial stocks, while Kuwait…
Financial Results
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UAE’s credit growth picks up momentum in May
The UAE’s credit growth showed signs of gradual pick up with the gross credit growth accelerating to 0.3 per cent…
Brexit: Investments in the UK by UAE banks surges 23% to $16.6bn
Investments by Emirati banks in the United Kingdom surged by nearly a quarter in the first three months of this…
CBE confirms strength of banks' financial positions by end of 1st quarter of this year
The ratio of non-performing loans to all loans in banks operating in the Egyptian market declined to 2.6% by the…
Gulf Economies Remain Resilient To Economic Slowdown Despite Challenges
The Gulf economies currently boast $43.7 trillion in liquid assets and quasi-liquid assets ($3.3 trillion in sovereign wealth funds and…
Millennials key to the future of Islamic banking
With Muslim spend estimated at $2.1 trillion in 2017, the Islamic economy continues its steady growth driven by an expanding,…
UAE banks expected to report strong H1 profits
UAE banks are expected to report strong first half results supported by loan growth, lower provisions and shrinking costs. …
Dubai’s ICD achieves record revenues of Dh232.4b, increase of 15.7%
The Investment Corporation of Dubai has announced its consolidated financial results for the year ended December 31, 2018, achieving record…
Dubai's sovereign wealth fund posts record $63bn revenue in 2018
Investment Corporation of Dubai, the emirate’s sovereign wealth fund with holdings in companies such as Emirates airline and Emirates NBD,…
Abu Dhabi puts emphasis on growth of private sector
Abu Dhabi is seeking to increase the contribution of private sector by 5 per cent in the next three years…
Sharjah Islamic Bank Issues Lowest Ever Additional Tier 1 USD Issue in GCC
Sharjah Islamic Bank, leading islamic bank in the UAE has priced its debut Additional Tier 1 (AT1) Sukuk by raising…
UAE economy grows 2.2% in Q1 as non-oil sector maintains momentum
The UAE’s gross domestic product grew an annual 2.2 per cent from a year earlier in the first three months…