FAB may restart talks on Bank Audi's Egypt unit
First Abu Dhabi Bank (FAB), the UAE's largest lender by assets, may restart talks to acquire the Egyptian business of…
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Sultan Al Jaber named chairman of Emirates Development Bank
The UAE Cabinet, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE…
Kuwait's KIB denies takeover rumours
Kuwait International Bank (KIB) has denied claims that it is to be imminently taken over, saying the rumours are ‘incorrect…
Behind the Middle East's fintech boom
The fintech sector in the Middle East has seen substantial growth over the past few years. According to The…
Zahrat Al Waha extends loan agreement with Alinma Bank
Zahrat Al Waha Trading Company has renewed a sharia-compliant credit facility agreement worth SAR 63.476 million with Alinma Bank to…
Kanari wins CX startup challenge of global consulting firm
Sia Partners and Business Incubators and Accelerators Company (BIAC) have named Saudi Arabia based start-up Kanari CX as the winner…
SICO to embed IdealRatings ESG data, marking a new era for MENA investors
SICO BSC (c) has announced that it will begin embedding IdealRatings’ ESG data to be available as part of SICO’s…
Qatari market remains resilient despite challenges, says investment expert
Qatar has been resilient amid the challenges, such as the blockade and the COVID-19 pandemic, which have threatened to disrupt…
Qatari banks’ return on common belongings improves in 2019: QCB
Qatari banks’ return on common belongings (RoAA) improved marginally to 1.59% in 2019 from 1.56% in 2018 in tandem with…
Gulf asset managers to face pressure amid twin shock – Moody's
Asset managers in most of the Gulf will face moderate-to-high pressure on their profitability over the next year to 18…
Sanctum Wealth: The Great Disconnect
In each of our commentary over the last five months, at the cost of sounding like a broken record, we…
Cash is no longer king at Middle East checkouts, says Network International CEO Simon Haslam
Here is a personal insight into the changes in regional retailing during the pandemic: Spinneys shoppers have virtually given up…