National Bank of Fujairah posts 87% drop in net profit in first nine months of 2020
National Bank of Fujairah on Wednesday reported an 87 per cent drop in its net profit for the first nine…
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Kuwait cuts some rates to ease currency and virus pressures
Kuwait’s central bank has cut interest rates on some monetary policy instruments in an effort to ease pressure on the…
Trade between Saudi Arabia, Egypt worth $6.8bn, report shows
Trade exchange between Egypt and Saudi Arabia totalled about $6.8 billion in 2019, a slight drop on the $7.1 billion…
Bahrain's robust banking sector 'a role model for region'
Banking sector has emerged as a role model in attracting major regional and international financial institutions to Bahrain, localising their…
Saudi Arabia: E-Payments Hits Record Figure
Saudi Payments, a Saudi Arabian Monetary Authority (SAMA) subsidiary, has revealed an unprecedented figure for e-payments. Such payments exceeded…
Bank of Sharjah’s UAE profit up 38% in H1 2020
Bank of Sharjah on Wednesday reported a net profit of Dh210 million for its UAE operations in the first half…
Saudi Mawani, KPMG Al Fozan sign deal to achieve financial sustainability
The Saudi Ports Authority (Mawani) and KPMG Al Fozan & Partners on Wednesday signed a contract to renew their partnership.…
Oman's share index ends marginally higher
The MSM index closed at 3,557.77 points, up 0.06 per cent from the previous close. The Sharia Index ended up…
Doha Bank celebrates 'PinkDay'
Doha Bank celebrated ‘PinkDay’ recently by carrying out a series of activities as part of Breast Cancer Awareness Month. …
Sovereign funds seek to raise debt and equity as pandemic strains state budgets
Sovereign wealth funds are seeking to raise funding via debt and equity markets as the coronavirus crisis and low commodity…
Qatar offers lessons in sustainability for the world
Actions speak louder than words! By encouraging green and environmentally friendly initiatives, Qatar has set a sustainable example for the…
After diamonds, Dubai's DMCC wants to add more precious stones to trade deal with Israel
Having signed a deal with Israel on diamonds, Dubai’s DMCC free zone is working on adding more precious stones and…