Bahrain's UGH subsidiary has $8.5mln exposure to agri-trader Phoenix
Bahrain’s United Gulf Holding Company revealed that its unit, FIMBANK, has $8.5 million exposure to Phoenix Commodities, an agri-trader with…
Uncategorized
47651 articles found
Saudi Arabia Acquires Shares Worth $7.7 Billion in World’s Major Companies
Saudi Arabia’s sovereign wealth fund has gone bargain hunting during the current economic turmoil, snapping up about $7.7 billion worth…
Mashreq welcomes new executive team member
Mashreq has appointed Mufazzal Kajiji as the new Head of Mashreq Gold and Executive Vice President of Mashreq Bank, to…
Saudi’s NCB posts 2% rise in first-quarter profit even as impairments surge 173%
Saudi Arabia’s National Commercial Bank posted a 2.1% rise in profit for the first three months of the year to…
Digital innovation crucial for banks
We are living in an increasingly digital and automated world, characterised by rapid technological advancements that have come to be…
First Abu Dhabi Bank puts talks to acquire Bank Audi's Egyptian business on hold: sources
First Abu Dhabi Bank (FAB.AD) (FAB) has put on hold discussions to acquire the Egyptian assets of Lebanon’s Bank Audi…
A private client’s guide to DIFC Foundations
DIFC Law No. 3 of 2018 (Foundations Law) came into effect in March 2018, paving the way for private clients…
Financial Technologies record a rapid growth in the region, says Dubai Future Foundation report
The financial technologies industry is widely expected to emerge stronger from the challenging risks of the pandemic as people turn…
Pandemic may force GCC banks to cut dividends, drive future M&A
Banks in the Arabian Gulf could be forced to scrap 2020 dividends as profits plunge in 2020 due to coronavirus,…
FinTech to emerge stronger in post-coronavirus period, says Dubai Future Foundation
The financial technology industry will emerge stronger from the post-coronavirus period as more people turn to digital payments as they…
Saudi NCB, Samba post profits, diverge on provisions
National Commercial Bank, Saudi Arabia's biggest lender, on Sunday posted a 2.1% rise in quarterly profit despite higher provisions while…
Dubai Islamic Bank donates AED16 million to Zakat Fund projects
The Dubai Islamic Bank donated AED16 million to the Zakat Fund, whose projects this year are being carried out under…