Saudi banks' liquidity positions resilient
Large Saudi banks continue to report liquidity coverage ratios above 100 percent despite a 30 percent outflow of government-related deposits…
Financial Results
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Financial stability outweighs rising costs for expatriates in UAE
The UAE stands out globally for financial rewards offered to expats with nearly all resident employees, who took part in…
UAE Al-Futtaim's investments in Egypt currently exceed $1 billion
Dubai-based conglomerate Al-Futtaim Group's total investments in Egypt currently exceed $1 billion, said country head, Gamal Moharam announced Monday. …
Meethaq H1 net up 27.7%; board meets to review strategy
The Sharia’a Supervisory Board of Meethaq Islamic Banking conducted its fourth meeting of 2016 under the chairmanship of Sheikh Dr…
With a growth of 11.5% Jordan Islamic Bank records profits after tax of US$ 39.5 million for first half of 2016
By the end of the first half of 2016, Jordan Islamic Bank a subsidiary banking unit of Al Baraka Banking…
Saudi stocks drop near technical support level
Saudi Arabia’s stock index dropped 2.1 percent to 5,936 points, only 25 points shy of the technical support on the…
ADX Market Capitalization Records a 30 BILLION DIRHAMS INCREASE for first 8 months of 2016
Abu Dhabi Securities Exchange market capitalization has jumped to reach 441 billion dirhams during the first eight months of 2016,…
Kuwait’s outlook robust on strong public spending and fiscal buffers
Despite the lower oil-price environment Kuwait’s economic outlook remains strong on high public spending and stable fiscal buffers, according to…
Dubai group said to work with Citigroup on sale of Bank Muscat stake
Dubai Financial Group is working with Citigroup to find a buyer for its stake in Omani lender Bank Muscat after…
Access bank sees strong trade finance growth through Dubai
The Access Bank UK Limited, a wholly-owned subsidiary of Access Bank Plc, a Nigerian Stock Exchange-listed company, expects to see…
Bank Leumi head among world's most powerful female executives
Rakefet Russak-Aminoach ranks 43rd among the 50 most influential businesswomen outside the U.S. in Fortune magazine's prestigious list • Magazine…
Israel's IDB asks JPMorgan to seek buyer for Clal Insurance
Argentinian businessman Eduardo Elsztain, the controlling shareholder in Israeli conglomerate IDB Development Corp, said on Wednesday he has appointed JPMorgan…