Major Gulf indexes off to mixed start
Major Gulf stock markets were mixed in early trade on Thursday with the Abu Dhabi index leading gains boosted by…
Financial Results
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GCC Islamic banks' pressured asset quality and earnings; stable capital and liquidity
The 2021 sector outlook for Gulf Cooperation Council Islamic banks is stable, reflecting a modest expected economic recovery, Fitch Ratings…
Egyptian banks' assets, reserves abroad jump 90% in 7 months
The Egyptian banks' assets and reserves abroad jumped 90% by the end of November to record $19.2 billion compared to…
Global Islamic Finance Assets Expected to Hit $ 3.69 trillion in 2024
Malaysia, Indonesia, Bahrain, UAE and Saudi Arabia ranked as the top five developed countries globally in Islamic Finance; Indonesia jumped…
Experts confident of Saudi construction sector returning to normal soon
The total value of construction contracts awarded in Saudi Arabia during the third quarter (Q3) of this year collapsed by…
Provisioning grows faster than credit in Qatar banks in Oct: QCB
Qatar’s banking sector saw provisioning grow faster year-on-year than the total credit this October, indicating the conservative approach of the…
Pandemic squeezes UAE bank results – but it could be worse
A loan deferment program and extensive central bank support have supported earnings at the United Arab Emirates' top banks, although…
UAE stocks gain $4.35bln as economy heads to recovery
The prospects of a quick turnaround for the UAE economy is now becoming close to a reality and rally that…
Qatar-UK trade volume grows 22%
The volume of trade between Qatar and UK reached around QR12.94bn last year compared to QR10.63bn in 2018, registering a…
Bitcoin Soars to All Time High, Breaking Its Prior Record
Bitcoin soared to a record high against the dollar on Monday, as its 2020 rally steamed ahead, boosted by increased…
ADIB Securities reports strong US share trading amid market volatility
ADIB Securities, has reported strong transaction volumes on its US trading platform during the first 9 months of 2020 compared…
UAE banks' assets up 7.6% at Dh3.25T
Total assets of banks operating in the UAE increased by 7.6 per cent year-on-year at the end of September and…