Cybercrime hits 2.5mn UAE consumers last year
Norton Cyber Security Insights Report shows hackers are honing their skills to take advantage of complacent consumers Norton Cyber…
Financial Results
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Eskan Bank REIT IPO opens
The initial public offering of the Eskan Bank Realty Income Trust opened today. Subscription for the IPO will close on…
Saudi's Fawaz Alhokair closes in on loan for $1.1 bln Arab Bank stake buy -sources
Saudi Arabia's Fawaz Alhokair family aims to secure funding by next week to buy Saudi Oger's 20.93 percent stake in…
Qatar to hike interest rates next year in line with US Fed – report
Qatar could see an increase in interest rates next year as the central bank follows the US in its “gradual…
Abu Dhabi Rallies on Bank merger speculation; Saudi, Egypt rebound
Abu Dhabi bank shares surged on Wednesday because of renewed speculation that the government might merge more banks as part…
Middle East Shares Advance, Abu Dhabi Jumps on Speculation of More Bank Mergers
MidEast stocks rose, with Abu Dhabi rallying on renewed speculation the government might merge more banks as part of an…
Doha Bank's Board will submit a recommendation to the EGM to raise the capital of the bank by 20%
H.E. Sheikh Fahad Bin Mohamed Bin Jabor Al-Thani, Chairman of Doha Bank, disclosed that the Board of Directors has resolved…
Global reports KWD8.9 million fee revenues, KWD1.6 million net profit for 9M 2016
Global announced its financial results for the nine months ended 30 September 2016 reporting fee revenues of KWD8.9 million and…
Bahrain's Ibdar launches parallel Shari'ah Trade Finance Fund
Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has announced the launch of the Barak Ibdar Shari’ah Trade Finance Fund, a…
Egypt, Saudi bourses hit by profit-taking
Profit-taking hit stocks in Egypt and Saudi Arabia on Monday following strong rallies in both markets, while general weakness in…
Bank ABC posts $150 million 9-month net profit
Bank ABC today announced that its consolidated group net profit, attributable to the shareholders of the parent, for the first…
UAE MoF announces $1.58 bln revenue from e-Dirham in 1st 9 months 2016
Government revenues from the e-Dirham system during the first nine months of this year stood at AED 5.8 billion. …