Dubai Financial Market at highest point in nearly eight years as UAE draws investors
The Dubai Financial Market reached its highest point in nearly eight years on Wednesday, a sign of growing investor confidence…
Financial Results
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QNB Group’s H1 2023 net profit jumps 8% to $2.1bn
Qatar National Bank reported a net profit of $2.1bn (QAR7.6bn) in the first half of 2023, up 8 per cent…
Saudi finance companies’ portfolios surge 10.8%: SAMA
Saudi Arabia’s finance companies have seen their collective portfolios surge 10.8 percent to reach SR75.45 billion ($20 billion), according to…
QCB foreign reserves jump by 14% in June; central bank issues treasury bills worth $1.37bln
International reserves and foreign currency liquidity of the Qatar Central Bank jumped last June to reach QR240.742bn, an increase of…
Emaar shares push Dubai stocks to 2015 high as economic outlook lifts mood
Dubai’s main stock index soared to the highest level since August 2015, extending year-to-date gains and supported by a jump…
UAE economy primed for stronger growth in H2 2023
Despite the geopolitical ramifications that the global economy is currently facing, the UAE economy is poised for stronger growth, recovery,…
Kenya benchmarks Egypt’s 11pc in Eurobond buyback
The Treasury hopes to buy back Eurobond coupons at 11 percent or below to refinance the maturing Sh280 billion ($2…
Investment funds in Saudi Arabia surge 35% to hit record high: CMA
The number of investment funds operating in Saudi Arabia has hit a record high, with financial backers betting on the…
Ithmaar Bank Reports Q1 2023 Results
Ithmaar Bank a Bahrain-based Islamic retail bank, yesterday reported a first quarter net loss attributable to equity holders of BD1.80…
Business confidence in largest Arab economies rises in May on robust economic momentum
Business confidence in Saudi Arabia and the UAE continued to outpace the long standing average in the Arab world's two…
National Development Fund supports Saudi economy with $8bn financing in Q1
Saudi Arabia’s industrial sector and small and medium enterprises were among the key beneficiaries of the Kingdom’s National Development Fund…
Saudi banking sector growth driven by mortgages: report
Saudi Arabia’s banking sector has experienced rapid growth over the past few years, primarily driven by mortgages and thanks to…