BBK records $34.48m profit for Q4
Bahrain's BBK bank achieved a net profit attributable to the owners of BD13 million ($34.48 million) for the fourth quarter…
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Consortium of companies to establish Saudi digital bank
One of the companies listed in the Saudi stock market announced that it would be a founding shareholder as part…
CISI launches anti-money laundering partnership with Qatari regulator
The Chartered Institute for Securities & Investment has announced a ground-breaking project whereby it has developed an Anti-Money Laundering/Combating the…
JTC Welcomes New UAE Trusts Law
New trusts legislation introduced in the UAE is another positive step forward for the wealth management sector in the region,…
FAB acquires Egypt FRA custody license
First Abu Dhabi Bank has obtained a custody license in Egypt from the Financial Regulatory Authority, Egypt’s Capital Market regulator. …
Dubai-UK trade hit $5.8bln in 2020
Trade between Dubai and the United Kingdom (UK) reached an estimated 21.5 billion UAE dirhams ($5.8 billion) in 2020, making…
Qatar Islamic Bank, HSBC sign $100mln deal
Qatar Islamic Bank, the country’s largest sharia-compliant lender by assets, has signed an Islamic trade facility worth $100 million with…
Dubai-based insurance firm Aman confirms closure of 'unprofitable' branches
Dubai Islamic Insurance and Reinsurance Company (Aman) said Sunday it will “relentlessly” work on its new investment strategy and optimise…
Qatar's Investment Holding announces deals worth $55mln
Investment Holding Group, a family-owned company in Qatar, has announced deals worth 200 million Qatari riyals ($55 million). The…
Trade between Saudi Arabia and Qatar to resume today
Trade of goods between Saudi Arabia and Qatar has resumed through the Abu Samra border crossing Sunday, Feb. 14, Qatar’s…
HSBC completes first Islamic trade facility in Menat at $100m with QIB
HSBC Bank Middle East has completed its first Islamic trade facility in the Middle East, North Africa, and Turkey (Menat)…
Alvarez & Marsal adds senior quartet to Middle East team
Alvarez & Marsal, have strengthened its Middle East team with several senior appointments in support of expanding its performance improvement…