Bank AlBilad unveils plan to increase share capital
The board of directors of Bank AlBilad recommended on 8 January that the bank’s share capital be increased by 25…
Financial Results
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Saudi's Riyad Bank Q4 net profit up 2.9 pct, beats forecasts
Riyad Bank, Saudi Arabia's third-largest lender by assets, posted a 2.9 percent rise in its fourth-quarter net profit on Sunday,…
Turkey's Bank Asya sells Tamweel Africa Holding stake
Turkey's Bank Asya has signed a deal to sell its 40 percent stake in Tamweel Africa Holding to the Islamic…
CI affirms new ratings of Al Rajhi Banking & Investment Corporation
Capital Intelligence today announced that it has affirmed the ratings of Al Rajhi Banking & Investment Corporation, based in Riyadh,…
BB fears rise in inflation due to pay-hike
The central bank has expressed the fear that the proposed pay-hike for public servants might trigger inflationary pressure on the…
Kuwait's CBK cuts stake in Boubyan Bank to 17.7 pct
Commercial Bank of Kuwait (CBK) has cut its stake in Boubyan Bank to 17.7 percent from the 19.9 percent which…
Dubai closer to becoming Islamic finance hub
The global Islamic economy continued to grow in 2014, and Dubai made solid progress towards its ambitious target to be…
A slower index year ahead: Dubai Investors should temper their expectations from the pace of 2014 gains
For investors, who made a windfall in 2014, beware. The pace of gains may slow on the Dubai index…
Markets rise as Saudis maintain spending in 2015 budget
Gulf stock markets rose on Thursday as Saudi Arabia released a 2015 state budget that will keep spending high, reassuring…
Oman’s Bank Dhofar to raise capital as much as $300m
Oman’s Bank Dhofar, the third-largest lender in the sultanate by assets, plans to boost its capital by issuing up to…
DP World wins 'Best Company for investor relations in the Middle East'
DP World has won four awards at the 6thAnnual IR Conference and Awards Ceremony in Dubai recently, including the 'Best…