Citi’s banking revenue from Saudi Arabia ‘nearly tripled’
Citigroup’s corporate and investment banking revenue for its Saudi Arabia business has “nearly tripled” since returning to the Kingdom in…
Financial Results
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PwC to double Middle East team over coming five years
Big Four firm PwC has announced ambitions to create 6,000 jobs in the Middle East, as part of multi-billion-dollar global…
Saudi Tadawul Group releases 2020 annual report
Saudi Tadawul Group has released its 2020 Annual Report for the period ended 31 December 2020. The Saudi Stock…
Kuwait pension fund reports record annual performance
Kuwait’s Public Institution for Social Security (PIFSS) achieved its best annual performance ever with a 16.5 percent rate of return…
Kuwait’s $134bn pension fund has record gain in turnaround
Kuwait’s Public Institution for Social Security had its best ever annual performance, emerging as a new regional investment powerhouse despite…
Dubai''s investment arm ICD records full year loss of 15.50 billion dirhams
Investment Corp. of Dubai, the Dubai government's main investment arm, on Tuesday reported a loss for last year as the…
Saudi-listed companies see total profits surge 44 percent in Q1 2021
Companies listed on the Saudi stock exchange (Tadawul) reported a 44 percent year-on-year increase in aggregate net profit during the…
Banque du Caire reports EGP 1bn in net profit in Q1 2021
Banque du Caire has revealed in its latest financial statements that it achieved a net profit of EGP 1bn during…
Bank of Sharjah announces financial results
Bank of Sharjah P.J.S.C (“the Bank” “The Group”) today announced the reviewed results of the period ended 31 March 2021.…
CBUAE Financial Stability Report highlights resiliency of UAE's financial system amid COVID-19 pandemic
The Central Bank of the UAE has published its Financial Stability Report for the year 2020, featuring key solvency and…
Abu Dhabi broker Capex.com raises $21mln and targets millennial investors
International brokerage firm Capex.com has raised a total of $21 million in a new funding round, as interest in online…
Bahrain's Sizable Islamic Banking Sector Has Scope for Growth
The market share of Islamic banks (including Islamic windows) in Bahrain is expected to increase in 2021-2022 after reaching 37.1%…