Goldman Sachs ousts banker over compliance breach
Goldman Sachs Group Inc. dismissed a senior banker in the Middle East over compliance violations, according to people with knowledge…
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UAE leads Middle East in ease of doing business ranking
The UAE continued to keep its lead in the Middle East and Arab region in the World Bank’s East of…
NBB records 1.8% increase in net profits for the first nine months of 2019.
National Bank of Bahrain has reported a 1.8% increase in its net profits to BHD 56.0 million (US 148.9 million)…
Damac acquires land in Dubai for Dh285 million
Damac Properties acquired two plots in Dubai for a total price of Dh285 million as the company eyes expansion with…
Qatar's Commercial Bank still looking to sell United Arab Bank stake
Qatar's Commercial Bank, the country's third-largest bank by assets, said on Wednesday it is still looking to sell its 40%…
Noor Bank's profit rises 12% to AED 595 million
Noor Bank has announced its financial results for the period ending September 30 2019, recording a net profit of AED…
Middle Eastern investor buys office building in downtown Bucharest
Corporate Finance House Group an investor from the Middle East, has acquired the company that owns the Day Tower office…
GCC initiatives that are strengthening the FinTech sector
Approximately 70 percent of the population of Egypt and the UAE do not have access to bank accounts. While reasons…
Saudi startups join regional accelerator to boost social impact
SABB has joined partner bank HSBC to open the regional “C3 Social Impact Accelerator” to Saudi startups for the first…
UAE banks propose lending caps amid slowdown in property sector
Banks in the UAE are proposing a cap on lending to real estate companies to prevent overexposure to the sector,…
QNB announces financing of Baladna IPO subscriptions
QNB, the largest financial institution in the Middle East and Africa, has announced the financing of subscriptions to the initial…
BisB witnesses a positive surge in new customers via "Selfie" mobile account opening
Recently, BisB revealed during a broadcast on the Bank’s YouTube channel its latest digital milestone, announcing that customers could sign…