Saudi banks maintained sound financial metrics in 2019, but under pressure – Fitch
Saudi banks maintained sound financial metrics in 2019 but witnessed a mild deterioration across most core metrics in a more…
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More COVID-19 cases emerge in Middle East as world continues gradual return to normal life
Parts of the Middle East have recorded more infections of COVID-19 In recent days, with the global number of cases…
EBRD and EU support small business Blessing in Lebanon
During coronavirus and Ramadan the company helps families in need With business advice from the EBRD and support from…
ICD net profit jumps 16.9% to $6.81bn in 2019
Investment Corporation of Dubai (ICD) today announced its consolidated financial results for the year ended December 31, 2019 having achieved…
Coronavirus: Bahrain sees fintech take-up surge amid Covid-19 crisis
Bahrain’s mobile payment app has seen a huge surge in take-up during the Covid-19 coronavirus pandemic as the country’s population…
Fraudster David Haigh loses English court action to avoid $6m debt recovery
England’s High Court has upheld a UAE ruling that Bahrain’s GFH Financial Group can pursue its former executive and convicted…
Fiscal Nightmare Ties Up Kuwait’s Stimulus With 40% Deficit
Crisis economics gets complicated when the budget deficit could be equivalent to two-fifths of a nation’s entire output. It’s…
Saudi Re strengthens Board of Directors with key appointments
Saudi Reinsurance Company has appointment two seasoned reinsurance professionals - Dr. Peter Hugger and Mr. Marc Maipoux - to its…
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…
Kuwait banks are fully committed in their fight against money laundering and terror financing
The Kuwait Banking Association affirmed the keenness of Kuwaiti banks to fully comply with all provisions of Law No. 106…
Fiscal Nightmare Ties Up Kuwait’s Stimulus With 40% Deficit
Crisis economics gets complicated when the budget deficit could be equivalent to two-fifths of a nation’s entire output. It’s…
Moody’s affirms QIIB rating at ‘A2’ with stable outlook
The global rating agency Moody’s has affirmed QIIB ‘s rating at ‘A2’ with a stable outlook, QIIB announced yesterday. …