Emirates NBD shareholders approve Dh7.3 billion rights issue
The eleventh annual general meeting of Emirates NBD on Tuesday approved the bank’s proposed increase of capital through a rights…
Financial Results
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Private equity firm Abraaj Capital is in turmoil
Abraaj Capital is one of private equity's most active and influential investors in emerging markets like the Middle East, with…
NBO announces 20 per cent dividend on back of strong performance
The National Bank of Oman (NBO) has decided to reward its investors with a 20 per cent dividend for last…
NBO closes year 2017 on a strong note
National Bank of Oman held the annual general meeting of its shareholders, board of directors and executives at its headquarters…
Central Bank’s total foreign assets near Dhs339.81b
The UAE Central Bank’s total foreign assets surged to an equivalent of Dhs339.81 billion during February, a growth of 4.2…
KFH completes four decades of significant achievements
Praise be to Allah Almighty, and Peace and Blessings be upon our Prophet Muhammad (PBUH), his Family and Companions. …
Alvarez & Marsal releases the UAE banking pulse report analyzing Q4 2017 banking sector performance
Leading global professional services firm Alvarez & Marsal today released its latest UAE Banking Pulse, the first for 2018, covering…
All eyes on the Fed
Investors will be watching closely the new Federal Reserve Chair Jerome Powell’s first monetary policy meeting later in the week.…
Islamic finance to grow faster than conventional finance
The growth of the Islamic finance sector will continue to outstrip the growth of conventional assets across core Islamic finance…
Gulf budget gaps to further narrow in 2018 kuwaits govt revenues increase to kd 13 3bn oil revenues expected to stay at kd 11.7bn in 2017/18
Budgets deficits for the GCC region in 2018 are forecasted to come in at $51bn, a 52 percent reduction from…
Women Filling Jobs in Middle East
The Gulf job market is set to grow at an average rate of nine percent this year, according to research…
Islamic finance set to extend growth faster than conventional finance
Islamic banking penetration in the Gulf Cooperation Council increased to 45 per cent of the total banking market, as of…