Moody’s affirms QIIB rating at A2 with stable outlook
Global credit rating agency Moody’s has affirmed QIIB’s rating at “A2” with a “stable” outlook; indicating the strength of its…
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QNB begins QLM e-IPO subscription services
QNB Group, the largest financial institution in the Middle East and Africa, has begun the registration and subscription process for…
The Board of Directors of Al Baraka Banking Group appoints "Mazin Manna" as the Group's President & Chief Executive
Al Baraka Banking Group B.S.C has announced the approval of its Board of Directors to appoint Mr. Mazin Manna as…
Global Islamic finance assets expected to reach $3.69 trillion in 2024
Global Islamic finance assets are expected to reach $3.69 trillion by 2024, states the 2020 Islamic Finance Development Report released…
Why Bahrain's Investcorp is thinking small to grow big in India
Investcorp, the Bahrain-based global alternative investment fund, is looking to target smaller investments in India in the $15-$40 million range…
Bahrain puts off new taxes, weighs longer relief
Bahrain could extend the duration of support measures to help businesses cope with the impact of the coronavirus after deploying…
New Head of Marketing & Communications for Al Salam Bank
Bahrain-based Al Salam Bank recently announced the appointment of Mahmood Qannati, as Head of the Bank’s Marketing & Communications department.…
Burgan Bank places $500mln Tier 2 bonds in debt market
Burgan Bank, Kuwait’s second largest conventional bank by asset size, has placed $500 million Subordinated Tier 2 Capital Securities (bonds)…
Emirates NBD makes mobile banking app available on Huawei AppGallery
Emirates NBD, has announced that its Mobile Banking App is now available on the HUAWEI AppGallery, providing customers with added…
GCC Islamic banks' pressured asset quality and earnings; stable capital and liquidity
The 2021 sector outlook for Gulf Cooperation Council Islamic banks is stable, reflecting a modest expected economic recovery, Fitch Ratings…
Experts welcome Saudi Public Prosecution’s push to keep capital markets fair, honest
Saudi Arabia’s Public Prosecution has hammered home the message to traders that it is against the law to create a…
Family businesses surprisingly positive in the wake of Covid-19
Family businesses in the Middle East have turned their attention to life beyond Covid-19, signaling a “surprising” level of optimism…