Kuwait wraps up week in red, volume shrinks
Kuwait stocks pulled back on Thursday to end the week on a dull note. The All Shares Index dipped 44.1…
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First Abu Dhabi Bank plans to issue $2-$4b in bonds in 2019-CFO
First Abu Dhabi Bank, plans to issue $2 billion (Dh7.35 billion) to $4 billion in bonds in 2019, the group…
Bahrain Islamic Bank Achieves a Net Profit of BHD 11.4 million for the Year 2018
Bahrain Islamic Bank reported that it has recorded a net profit of BHD 11.4 million for the year ended December…
LuLu Financial Group targets 30% digitisation by 2020
LuLu Financial Group, part of the Abu Dhabi-based hypermarket-to-hospitality LuLu Group, is undertaking a major push to digitalising its money…
Dubai’s DIFC Courts sees value of claims rise sharply in 2018
The value of claims at the Dubai International Financial Centre Courts rose by “422 per cent” in 2018 led by…
Burgan Bank reports record profits of KD 82.6m in FY 2018, growth of 26.6%
Burgan Bank Group reported its financial results for fiscal year 2018 with a strong growth of 10.8 percent in its…
UAE bank assets rise 1.2% in January: Central Bank
Assets of banks operating in the UAE increased 1.2% month-on-month by the end of January, the Central Bank of the…
Investcorp on track to nearly double assets to $50bn in three years, executive says
Investcorp, the Bahrain-based firm which counts Mubadala Investment Company as its biggest shareholder, is on track to double its assets…
When Good News and Bad News is Good News by Gary Dugan
Global markets rally on good geopolitical news Poor economic data overwhelmed by a hope the Fed may cut rates US…
Property market in Dubai hit by over supply bringing down prices
Property prices in Dubai fell significantly in 2018 with slowing global growth and over supply affecting the residential housing markets,…
The Middle East's Startup Hub: Making Dubai A Launchpad For Innovation
With an estimated contribution of over 47% to the UAE’s annual GDP, as revealed by Dubai Statistics Centre, early-stage startups…
AUB Kuwait records KD 51.3m in net profit
Ahli United Bank K.S.C.P. has marked 2018 as another successful year by delivering a net profit of KD 51.3 million…