Qatar National Bank profits drop 16% as loan loss provisions rise
Qatar National Bank, the Gulf’s biggest bank by assets, on Tuesday reported a drop in annual profit of more than…
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Bahrain’s GDP shrinks 6.9% due to pandemic
The coronavirus pandemic has significantly decreased the contribution of various economic sectors to the GDP of Bahrain last year, shows…
Finance: Dubai’s fast start fuels hope for 2021
It is the second week of January and Café Bateel, located in the heart of Dubai’s financial district, is quietly…
Mortgage financing: Dubai Islamic Bank, EMAAR sign agreement
Dubai Islamic Bank & EMAAR Karachi Ltd signed an agreement to promote home financing for their current and upcoming projects.…
Abu Dhabi Investment Office expands global network with eight new hubs
State-run Abu Dhabi Investment Office is expanding its presence around the world, including the United States, Israel, China, Germany, France…
Saudi Arabia 2020 inflation rises to 3.4% after VAT tripled
Saudi Arabian inflation rose to 3.4% in 2020, lifted by the tripling of value-added tax last year as the kingdom…
Fixed income market outlook: GCC issuances to remain subdued in 2021
Kuwait-based Kamco Invest expects fixed income issuances in 2021 in the GCC to remain flat to marginally lower year-on-year (y-o-y)…
Saudi insurance firm’s board members, audit executives convicted, fined by market regulator
Some members of Weqaya Takaful and Reinsurance Co.’s board of directors, audit and executive committees were convicted and fined SR1.3…
EBRD reports record 2020 investment in response to Covid-19
The European Bank for Reconstruction and Development responded to the coronavirus pandemic with record investment of €11 billion in 2020…
Arabtec Hires Global Advisors for Sale of Dubai Engineering Subsidiary
Arabtec Holding, a top construction company in the region, is set to rope in corporate advisory firm deNovo for managing…
Guardian WM is reborn as Skybound WM
Aimed at confirming the GWM group's alignment to Skybound Capital, a wealth and asset management group with a global presence,…
Organizing for the future: Nine keys to becoming a future-ready company
The prospect of successful vaccines for COVID-19 has given business leaders everywhere hope that the pandemic may be finally nearing…