KFH Group traded $11.4bn in sukuk market in 2016
“Kuwait Finance House Group (KFH-Group) volume traded in the Sukuk market reached $11.4 billion for the year 2016. Such…
Financial Results
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Emirates Islamic reports Dh105.6m full year net profit
Dubai Emirates Islamic, an Islamic financial institution belonging to the Emirates NBD Group reported full year net profit of Dh105.6…
Egypt's Banque Misr and UAE's ADIB to sign $150 bn loan in Q1
Egypt’s second largest state-owned lender, Banque Misr is planning to sign a loan worth $150 million with Abu Dhabi Islamic…
Saudi's Riyad Bank Q4 net profit tumbles 66 pct, misses forecasts
Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 65.6 percent fall in fourth-quarter net profit on Monday, falling…
National Bank of Oman Q4 net profit slips 19.9%
National Bank of Oman, the sultanate’s third largest lender by assets, posted on Thursday a 19.9 per cent fall in…
Egypt's Cost-of-Living Soars as Currency Dives
Annual consumer price inflation in Egypt's cities soared to a second straight eight-year high in December, hitting 23.3 percent on…
Current economic cycle to continue into 2017: Barclays
Barclays announced yesterday the findings of the Q1 2017 “Compass” report, which includes the Bank’s tactical recommendations on portfolio asset…
Dip in UAE interbank rate could ease mortgage payments
Homeowners in the UAE may see some relief in their monthly payments if a recent slide in the interbank rate…
KPMG reports 10.7 per cent growth in the Middle East and South Asia
This has been an encouraging year for KPMG in the MESA region and in the UAE and Oman in particular. …
Dubai's Shuaa Capital buys 14 percent stake in Bahrain's Khaleeji Commercial Bank
Shuaa Capital, a leading financial services firm in the UAE, has concluded a 14 per cent of ownership stake in…
Saudi Budget 2017: Shrinking deficit, raising expenditure
Saudi Arabia has announced today its general budget for the fiscal year 2017 that shows its gross domestic product growth…
KPMG reports 10.7pc growth in region
KPMG in the Middle East and South Asia region has reported a 10.7 per cent growth in aggregated revenues of…