Damac, Arabtec stock rallies keep UAE markets buzzing
Major UAE real estate sector stocks are on a tear with Arabtec rallying 14.85 per cent and Damac gaining 8.25…
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DFSA alerts institutions to increased risk of cyberattacks
DFSA’s Cyber Threat Intelligence Platform (TIP) gaining more traction Since the Dubai Financial Services Authority launched the DFSA Cyber Threat…
UAE residents warned against divulging bank details, personal information to random callers
Have you received a call from someone claiming to be a bank representative and asking you for your personal information?…
Abu Dhabi Commercial Bank cuts employees
Abu Dhabi Commercial Bank is letting go hundreds of employees - the latest in a round of lay-offs by regional…
Kuwait Investment Authority goes legal against former officials
Kuwait Investment Authority, the fourth-largest sovereign wealth fund, is caught up in a legal dispute with former managers at its…
IMF may give Lebanon a smaller funding relief than it actually needs
Lebanon may only count on the International Monetary Fund for as little as half the bailout it had originally sought…
NBK reports KD 111.1 million net profit for the 1H 2020
Al Sayer: NBK is committed to supporting Kuwait’s economy to ease the impact of the pandemic and will be a…
Moody’s affirms Barwa Bank’s credit rating at ‘A2/Prime-1’ with ‘stable’ outlook
Barwa Bank announced that Moody’s, the global credit rating agency, has affirmed its long-term credit rating at ‘A2/Prime-1’, with a…
World’s Best Sub-Custodian Banks 2020
The only way a global custodian can be truly global is by relying on subcustodian banks in markets where it…
Appeals court increases fine on four banks, three officials in money laundering case
AN appeals court in Bahrain has increased the fines imposed on three officials and four banks in connection with a…
Fraudster David Haigh told he faces jail if he fails to provide financial details to a UK court
David Haigh, the former executive of Bahrain’s GFH Financial Group and a convicted fraudster, has been told he faces jail…
Doha Bank posts QR501mn half-yearly net profit
Doha Bank posted a net profit of QR501mn in the first half of the year (H1, 2020), chairman Sheikh Fahad…