Bahrain central bank raises key rate by 25 bps
Bahrain’s central bank said on Wednesday it was raising its key interest rate by 25 basis points after the US…
Financial Results
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UAE consumers to pay more as interest rates go up
Any change upwards in interest by US will also swing interest rates upwards in UAE The Central Bank of…
Faysal Bank logs $36.3m net profit
ITHMAAR Bank, a Bahrain-based Islamic retail bank, announced Wednesday that its retail banking subsidiary in Pakistan, Faysal Bank Limited (FBL),…
Emirates NBD sees growth momentum gaining in retail and wealth management
Emirates NBD delivered a strong set of results at the end of the third quarter of 2017, with net profit…
GCC economic growth to rebound to 2.3% in 2018, says UBS
GDP growth for the GCC is expected to rebound to 2.3 per cent next year as countries adjust to a…
UAE- Mena wealth growth pips global average
Global wealth has grown by 30 per cent to $280 trillion in 2017 in 10 years since the onset of…
Bahrain Bourse expects more IPOs, Reits listing in 2018
Bahrain Bourse, which had a market capitalisation of 7.4 billion dinars ($19.7 billion) as of December 10, expects two initial…
Middle East Islamic banking to grow by 5% annually, says governor of Central Bank of Bahrain
The Middle East Islamic banking sector is forecast to grow at an annual rate of 5 per cent for the…
Islamic funds, asset management sector poised for growth
The next segment of Islamic finance facing an upswing in volume and activity is the Islamic fund and wealth management…
Challenges may come, but UAE's ready for it
UAE's resilience puts it on track to double economic growth in 2018 The UAE economy, resilient to global and…
Qatar banks post more than 17% jump in deposit mobilisation to QR794.28bn
Faster expansion in domestic deposits largely mitigated the weakening overseas inflows, helping Doha's banking sector register a healthy more than…
UAE's Islamic banking assets surge 6% to $146bln in 10 months
Assets of Islamic banks operating in the UAE amounted to AED535 billion by the end of October, around 6 percent…