Bahrain's Ithmaar Holding reveals 43% drop in H1 profits
Bahrain-based Ithmaar Holding has revealed a 43 percent decrease in net profit for the first six months of the year,…
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Israeli, UAE law firms to collaborate on framework for business ties
The Israeli law firm Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. (GKH) and BSA Ahmad Bin Hezeem & Associates…
KHCB signs Sukuk Murabaha agreement with BHB
Khaleeji Commercial Bank has recently signed an agreement with Bahrain Bourse allowing the Bank to utilise the Ijara Sukuk issued…
GCC sovereign sukuk issuance to rise in H2 2020
A recovery in market conditions and an increase in the borrowing requirements of the world’s largest sukuk sovereign issuers including…
Egypt's IDB prepares to launch full range of digital banking services
The Industrial Development Bank (IDB) has completed a full digital overhaul and modernisation of its technological infrastructure, according to the…
SWFs see a more challenging investment environment in a bi-polar world
The International Forum of Sovereign Wealth Funds (IFSWF), a global network of almost 40 sovereign wealth funds, and Invesco, one…
Saudi Arabia finance ministry announces closure of August issuance of sukuk program
Saudi Arabia’s finance ministry announced on Saturday the closure of the August 2020 issuance of the government’s sukuk progam. …
BAB organises series of meetings on financial disputes’ settlement
The Bahrain Association of Banks (BAB) will organise a series of online meetings with stakeholders in the government, private and…
COVID-19: World Bank chief warns extreme poverty could surge by 100m
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David…
Saudi wealth fund PIF launches real estate company Roshn
Saudi Arabia's wealth management giant Public Investment Fund has launched a new real estate company to build "world-class" integrated communities…
Eshraq Investments buys back 5m shares to give stock a boost
Abu Dhabi’s Eshraq Investments confirmed that it has bought back 5 million of its shares, representing 10 per cent of…
QDB extends coverage period of National Response Guarantee Program
In implementation of the directives of the Amir HH Sheikh Tamim bin Hamad Al-Thani to support and provide financial and…