Most mortgage buyers of UAE off-plan property saw values falling in 2020 – survey
Off-plan property values fell for the majority of home loan borrowers in 2020, with 88 percent seeing valuations below the…
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Qatar, Tunisia discuss trade relations
Minister of Commerce and Industry, H E Ali bin Ahmed Al Kuwari, met yesterday with H E Ali Kooli, Tunisian…
Oman's Islamic Banking Growth to Continue Despite Pandemic
Oman's Islamic banking sector growth is likely to continue apace in 2021-2022 following strong momentum in 2020 despite the pandemic…
Saudi-based Islamic Development Bank starts marketing dollar sukuk – document
Jeddah-based Islamic Development Bank started marketing on Tuesday five-year U.S. dollar denominated sustainability sukuk, or Islamic bonds, a document showed.…
Fintech in action in Saudi Arabia
One of the impactful initiatives implemented by the Capital Market Authority under its chairman, Mohammed El-Kuwaiz, was the creation of…
Al Khaliji sees great value for shareholders, customers in merger with Masraf Al Rayan
Al Khaliji, which expects to merge with Masraf Al Rayan this year, finds a great deal of potential for its…
Capital Intelligence affirms QIIB rating at ‘A’ with a stable outlook
Capital Intelligence affirmed QIIB's rating at ‘A’ with a stable outlook, which the bank said “reflects the strength of its…
NBK-Bahrain reports net profits of BHD 117.51 million (KWD 94.68 million) for 2020
Fardan: Our profits for 2020 is a testament to our resilience and quick adaptability to the challenges resulting from the…
Telegram Messaging App Raises $150 Million From Middle East Investors
Two Abu Dhabi-based funds have invested $150 million in messaging app Telegram, which has its global development centre in neighbouring…
Saudi Central Bank grants licenses to 2 more payment companies
The Saudi Central Bank (SAMA) announced the licensing of two payment companies as part of its efforts to achieve the…
Kuwait’s KIPCO profits fall even as more people watch OSN at home
Kuwait Projects Company Holding reported a 78 percent drop in net profit last year to KD6.5 million ($21.4 million). …
Al-Roshood: Corona pandemic demonstrated the success of the flexibility of KFH's performance and strategy
KFH's comprehensive and proactive approach enabled it to manage the crisis effectively Covid-19 increases pressure on Kuwait's financial position and…