Saudi Islamic Banks' Financial Metrics Deteriorated, but Sound
Fitch Ratings-London/Dubai-19 May 2020: Saudi Islamic banks' financial metrics deteriorated mildly in 2019 but remained sound, Fitch Ratings says in…
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Dentons four-day week gets go-ahead
Staff at the largest law firm in the world by lawyer headcount, Dentons, have voted overwhelmingly in favour of temporary…
COVID-19 could be catalyst for ESG adoption by tech companies, finds KPMG analysis
Technology companies are placing more importance on environmental, social and governance (ESG) practices, driven by the current COVID-19 pandemic situation,…
Oil prices expected to recover on rising demand, hopes of pandemic fading away
Oil is gradually starting to rise as coronavirus-afflicted economies ease their closures and travel restrictions this month, with production subdued…
Abu Dhabi issues more bonds in the international market to raise cash
Abu Dhabi raised more money from international debt markets just weeks after a $7 billion bond sale as it takes…
Egypt says proposed standby funding from IMF aimed at helping businesses
Egypt’s talks with the IMF about a standby loan to help it through the coronavirus pandemic will focus on structural…
CI Capital Holding's profit falls 17% in Q1-20
The consolidated financial statements of CI Capital Holding For Financial Investments showed a 17% year-on-year (YoY) drop in its net…
UAE fintech Ziina rolls out mobile money transfer app
UAE fintech startup Ziina, which recently raised a $850,000 funding, has launched a mobile-to-mobile payment service for instant money transfer…
National Bank of Oman Ends 2019 With Solid Financial Results
National Bank of Oman held its Annual General Meeting and Extra Ordinary General meeting this week. Conducted online following…
Oman Arab Bank appoints new deputy CEO
Oman Arab Bank recently announced the appointment of Sulaiman bin Hamad Al Harthy as the Deputy Chief Executive Officer -…
These 9 UAE companies rank among the world's Top 2,000
Nine UAE firms have made it to the list of the world's top 2,000 companies, becoming the second most represented…
Qatar Central Bank announces Eid Al Fitr holiday
Qatar Central Bank announced Tuesday that the Eid Al Fitr holiday for the current year for all financial institutions in…