Oman raises $6.5bn from 3-part bond sale to bridge gap
Oman raised $6.5bn from a bond offering as the Middle East’s biggest non-Opec producer seeks to bridge a budget deficit.…
Financial Results
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KFH traded sukuk volume reaches KD 16.6bn in 2017
Kuwait Finance House Group volume traded in the sukuk market reached $16.6 billion for the year 2017 ie a growth…
Digital transformation: The catalyst for sustainable logistics operations
According to a report by the Global Logistics Emission Council, the logistics industry generates close to 6 per cent of…
Saudi forex reserves rise for second month
The Saudi Arabian central bank’s foreign reserves rose in November for a second straight month, in a sign that higher…
UAE non-oil growth to surge to 3.7pc in 2018
A pickup in the pace of preparations, especially in the tourism and construction sectors, for Expo 2020 Dubai will support…
Gulf energy firms issue record $28.7bn debt in 2017
Gulf energy companies issued record debt this year as producers opted to exploit lower borrowing costs to fund expansion plans.…
Egypt's central bank keeps interest rates unchanged
Egypt's central bank kept its key interest rates unchanged on Thursday, it said in a statement, in line with a…
Saudi, Egyptian markets outperform in weak region
Saudi Arabia´s stock market rose in a mostly weak Gulf region on Tuesday after data showed deflationary pressure on the…
Saudi budgets 978 billion riyal spending for 2018
Saudi Arabia on Tuesday unveiled the 2018 budget, the largest in the kingdom’s history with 978 billion riyals ($261 billion)…
Kuwait's Largest Lender Plans Saudi Arabia, Egypt Expansion
National Bank of Kuwait, the country’s largest lender, plans to hire hundreds of bankers and open more branches in Saudi…
Ithmaar Bank's retail banking subsidiary Faysal Bank Limited reports net profit of $36.3 million
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced that its retail banking subsidiary in Pakistan, Faysal Bank Limited (FBL), has…
KPMG revenues grow strongly to record $26.4 billion
Growth driven by client-focused investments in technology, innovative services, alliances and hiring Record high revenues for Fiscal Year (FY)…