Ahli United Bank announces update on AUB Egypt acquisition
Ahli United Bank – Bahrain (AUB Bahrain) announced that the public tender offer to increase its stake in its unit…
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Bahrain's Investcorp bets on e-commerce growth with $280m US real estate deal
Bahrain-based Investcorp on Monday announced that it has acquired 32 industrial properties totalling 3.5 million square feet across four major…
Oman's renewable energy gains momentum: BMI Market Research
Belham Management Industries Inc. of international agency Fitch has said that natural gas-operated energy stations will contribute about 95 per…
Oman's share index ends marginally lower
The MSM index closed at 3,563.92 points, down 0.01 per cent from the previous close. The Sharia Index ended down…
DIB to suspend services for final merger phase with Noor Bank
Dubai Islamic Bank will temporarily suspend its services to complete the final phase of its merger with Noor Bank. The…
Dubai's Al Mal Capital secures approval for REIT IPO
The UAE Securities and Commodities Authority has approved the initial public offering of Al Mal Capital REIT, with a subscription…
UAE's biggest bank FAB posts 19% drop in Q3 net profit
First Abu Dhabi Bank, the United Arab Emirates' biggest lender, reported a 19% fall in quarterly profit on Monday, dragged…
Dubai developer Union Properties pays off $19mln of debt
Dubai real estate developer Union Properties has paid off AED 70 million ($19 million) of debt from its largest lender…
Oman records decrease in general deficit of 2019 budget
The general deficit of the Sultanate’s budget in 2019 recorded a decrease of six per cent. According to the…
OQIC appoints local talent, names new CEO to drive strategic developments
Oman Qatar Insurance Company a premier insurer in Oman and a subsidiary of Qatar Insurance Company (QIC), the flagship insurer…
76% of MENA Professionals Are Satisfied With Virtual Communication Effectiveness in Their Company
92% of respondents have all the resources they need to communicate virtually with their manager and colleagues MENA, 27 October…
Arab Bank posts $215.2 million net profit in 9 months
Arab Bank Group reported net income after tax of $215.2 million for the nine months of 2020, compared to $668.9…