Incolease’s profit drops 13% in 2019; dividends proposed
The International Company for Leasing (Incolease) reported a 13.4% year-on-year decrease in its net profits during 2019. The company’s net…
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Trade Bank of Iraq showcases investment opportunities in Iraq at Global Trade Review MENA 2020 summit
Trade Bank of Iraq promoted investment opportunities in Iraq at the Global Trade Review MENA 2020 summit held in Dubai…
DIFC Courts cases surge 45%; more than $844mln commercial claims
More and more businesses are resorting to the Dubai International Financial Centre Courts to settle conflicts, with the nearly 1,000…
Net Income of Al Baraka Banking Group reaches US$ 180 million in 2019, with total assets exceeding US$ 26 billion
Al Baraka Banking Group has achieved a net income of US$ 180 million in 2019, while net operating income reached…
Lebanon to appoint Cleary Gottlieb to advise on Eurobonds
Lebanon will appoint Cleary Gottlieb Steen & Hamilton LLP as legal adviser on its Eurobonds, a source close to the…
First KPMG Insights Center inaugurated in Riyadh
KPMG officially opened its first Insights Center in the Middle East in its new head office in Riyadh. The…
Saudi, Egypt, Bahrain to resume Qatar post services despite dispute
Saudi Arabia, Egypt and Bahrain have agreed to resume postal services to Qatar almost three years after they were stopped…
Bank Muscat launches new $28.5mln Al Mazyona 2020 scheme
Bank Muscat, the leading financial services provider in the Sultanate, in line with its vision ‘To serve you better, everyday’…
Saudi Aramco launches largest shale gas development outside US
Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and…
SICO appointed as Bahrain receiving agent
SICO BSC has announced that it has been mandated by Kuwait Finance House K.S.C.P. (Kuwait Finance House K.S.C.P.5) as Bahrain…
HSBC’s Saudi Arabia affiliate seeks to boost corporate lending
HSBC Holdings Plc’s affiliate in Saudi Arabia is ready to “compete aggressively” to regain market share in corporate lending after…
Saudi regulator seeks to raise capital levels for insurers
Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central…