4 banks acquire 90% of Islamic banking in Egyptian market
Total of EGP 313.5bn volume of deposits, EGP 297.7bn volume of financing comply with Islamic Sharia The Egyptian Islamic…
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Economic activity in GCC to accelerate in 2021 as commodity demand rises
Economic activity in the Gulf Cooperation Council will pick up in 2021 as global demand for commodities increases and as…
Egypt's EFG Hermes eyes start-ups after AIB deal, says CEO
Egyptian investment bank EFG Hermes Holding is targeting minority stakes in start-ups after its acquisition of a majority stake in…
Egypt’s Commercial International Bank reports Q1 consolidated revenue of 6.27 billion Egyptian pounds
Egypt’s Commercial International Bank reported first-quarter consolidated revenue of EGP6.27 billion ($400 million), a 2 percent year-on-year decline. First-quarter…
Many bondholders at Dubai's Emirates REIT oppose $400m Sukuk conversion plan
Dubai-based real estate fund operator Emirate REIT’s plans to issue a new debt offering is meeting “significant resistance” from a…
QIB recognised for its outstanding innovations at the Global Finance 2021 Innovators Awards
Qatar Islamic Bank was again crowned for revolutionizing the banking sector in Qatar and the global Islamic Banking industry with…
Rashad Al Shaikh appointed OAB's head of retail banking division
Oman Arab Bank announced the appointment of Rashad Al Shaikh as Head of Retail Banking Division at OAB, after being…
Bahrain: ES reports for FY 2020 must be submitted on ITIES portal
Bahrain’s Ministry of Industry, Commerce and Tourism has directly notified businesses that entities subject to economic substance (ES) requirements in…
HKA promotes Dubai-based Bill Haggart to partner
Global specialist consultancy HKA has promoted Dubai-based expert Bill Haggart to partner. The appointment is part of a wider…
LinkedIn names PwC the UAE's top professional services employer
Big Four professional services firm PwC has been named the UAE’s top employer by LinkedIn, which examined millions of data…
Bain partner Bianca Leodari relocates from Dubai to France
After spending around a decade in the Middle East, Bain & Company partner Bianca Leodari has relocated from Dubai to…
EDB Board reviews progress on new strategy, future roadmap
The Emirates Development Bank, a Federal Institution fully owned by the UAE Government, held its fourth Board meeting on Thursday…