EG Bank H1 profit increase
Egyptian Gulf Bank (EG Bank) reported a 5% Year on Year rise in its consolidated net profit in the first…
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FTSE Russell launches local currency Saudi government bond index
Global index provider FTSE Russell said on Thursday it had launched a bond index for Saudi Arabia to measure the…
Controversy Erupts Over Stanley Fischer’s Candidacy for Israel's Bank Hapoalim Board
Plans by Stanley Fischer, the former Bank of Israel governor, to return to the Israeli banking scene, after several years…
Saudi inflation to hover between 4% and 6% y-o-y in coming 12 months – MUFG
Saudi headline annual inflation rose from 0.5 percent year-on-year (y-o-y) in June to 6.1 percent y-o-y in July, the highest…
Bank Muscat holds its monthly draw for Asalah, Al Jawhar customers
Bank Muscat has held its monthly draw for Asalah and Al Jawhar customers and holders of Zeinah, Shababi and Children’s…
The Prevailing Trends of UAE Banks in Q2 2020
While the top UAE banks reported a peripheral increase in profitability, the outlook for the domestic banking sector still remains…
Israeli tech's 'thirst' for UAE cash must overcome old enmity
A thaw in relations between Israel and the United Arab Emirates has raised expectations of an influx of funding in…
Behind the Idea: Emirates NBD
Since the merger between Emirates Bank International (EBI) and the National Bank of Dubai (NBD) in 2007, Dubai-headquartered Emirates NBD…
Worst is over, GCC economic recovery picks up steam
Economists say that the worst is behind us as recovery gains ground - steadily, albeit at a slow pace -…
NBK-Bahrain announces $161.5mln first half net profit
National Bank of Kuwait-Bahrain (NBK-Bahrain) reported a net profit of $161.5 million (BD60.890m) for 1H 2020, compared with $159m (BD59.950m)…
AM Best Affirms Credit Ratings of Bahrain Kuwait Insurance Company B.S.C. and Takaful International Company BSC
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- of…
EBA organizing first Egyptian-Bahraini digital investment forum on Sept. 8
The Egyptian Businessmen Association (EBA) coordinated efforts with the Bahrain Businessmen's Association (BBMA) to arrange the first Egyptian-Bahraini digital investment…