S&P maintains Gulf Bank of Kuwait's ‘A-’; outlook stable
Standard & Poor’s Financial Services maintained its credit rating of Gulf Bank of Kuwait at ‘A-,’ with a ‘Stable’ outlook,…
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Bahrain FDI Hits $28.7 Billion in Q2
Bahrain achieved foreign direct investment of BD10.9 billion ($28.7 billion) at the end of the second quarter, reflecting an increase…
Saudi sovereign wealth fund in talks with Softbank Group over investments
Representatives from Saudi Arabia’s giant sovereign wealth fund are in talks with Softbank Group about a possible investment in the…
Islamic finance institutions need to rethink roles in current times, says Bank Rakyat
Bank Rakyat says Islamic finance institutions need to rethink their roles for the current times and urged institutions to look…
Riyad Bank launches $27mln fund for fintech startups
Riyadh Bank has launched a 100 million Saudi riyals ($26.7 million) program to invest in financial technology startups, the bank…
Aberdeen Standard Investments strengthens Middle East focus
Aberdeen Standard Investments is expanding and strengthening its capabilities in Emerging Markets Debt in the Middle East, with a mix…
World Bank: Saudi Arabia Offers Competitive Incentives for Investment, Trade
Saudi Arabia is putting forth competitive incentives for investment and trade, a senior World Bank official confirmed to Asharq Al-Awsat.…
Bank account information of Iqama holders: UAE ministry approached to seek access
Federal Board of Revenue has urged the Ministry of Finance, United Arab Emirates, to convene an urgent meeting between Pakistan…
Emirates NBD Announces Third Quarter 2019 Results
Emirates NBD has delivered a strong set of results with net profit up 63% y-o-y to AED 12.5 billion. The…
Lebanon's c. bank urges quick solution to avoid future collapse
Lebanon's central bank governor said on Monday a solution must be found in days to a crisis unleashed by huge…
Kuwait's global aid efforts unparalleled, says deputy FM
Kuwait has made unmatched contributions towards global economic growth, its deputy foreign minister said on Monday, citing a UN honor…
Kuwait – Banks have no right to increase interest rate on a loan
The Court of Appeals ruled that a local bank had no right to increase the interest rate on a loan,…