Al Salam Bank-Bahrain’s ASB Global REIT Fund posts record 25.75% total return in 2019
Al Salam Bank-Bahrain has announced that its ASB Global REIT Fund achieved a record 25.75 percent total return for the…
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Emirates Post records 45% increase in last-mile delivery volumes in UAE
Emirates Post has registered a 45% growth in last mile delivery volumes since the beginning of 2020 compared to Q4…
Fitch Revises Arab Banking Corporation's Outlook to Negative; Affirms IDRs
Fitch Ratings has revised Arab Banking Corporation B.S.C.'s Outlook to Negative from Stable, while affirming the bank's Long-Term Issuer Default…
Turkey crunch would pack only weak punch for emerging markets
Turkey could be heading for another financial crunch but its diminished importance for investors in developing economies and changes in…
Coronavirus has not changed the Middle East
The coronavirus pandemic does not respect borders. Middle Eastern countries have reacted differently and at different times. Eventually, however,…
Linklaters Plans Third Middle East Office
Linklaters is planning to expand its Middle Eastern offering with a new office in the region, two people close to…
European bank loans Turkey’s QNB Finansbank $108M
The European Bank for Reconstruction and Development (EBRD) is providing a €100 million ($108 million) loan to a Turkish lender…
Key cyber risks for banks during COVID-19
It’s an unfortunate fact that fraudsters tend to prey on unexpected events or challenges. When normality becomes disrupted, they see…
Dubai registered record property sales in Q1 2020
Dubai’s real estate sector witnessed the best first quarter in 2020 in the past six years until COVID-19 challenges began…
UAE ministries may be merged, authorities changed: Sheikh Mohammed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,…
Combating coronavirus: All UAE expats exempted from visa fines
A grace period of three months, starting from May 18, has been set for all expats who are staying in…
Arab Bank group Q1 net profit drops 36% to $147.6mln – statement
Jordan's largest lender, said on Wednesday its first-quarter net profit dropped 36 % to $147.6 million, compared to $231.8 million…