Fitch affirms Ras Al Khaimah at 'A'; outlook stable
Fitch Ratings has affirmed Ras Al Khaimah's (RAK) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A' with a Stable Outlook.…
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Bahrain central bank issues final rules on insurance aggregators
The Central Bank of Bahrain issued final rules on insurance aggregators on August 14, calling it “a first step” for…
Kuwait Finance House launches open banking
Kuwait Finance House-Bahrain (KFH-Bahrain) has announced going live with advanced open banking infrastructure, which will allow it to partner with…
BisB's fastest customer gets loan in 1 min 44 sec
Bahrain Islamic Bank (BisB), a leading provider of integrated Sharia compliant financial solutions in Bahrain, recently honoured Manal Abdulla, the…
Gulf markets mixed but Saudi outperforms on banks
Saudi Arabian stocks were lifted on Monday as most of its banking shares rose amid rising oil prices, while other…
Profits of 157 Kuwaiti listed firms grow 6% in Q2 2019
The overall profits of 157 Kuwaiti companies listed on Boursa Kuwait rose by 5.7% year-on-year during the second quarter of…
Bahrain takes "mega strides" in sustainable development
Bahrain has taken “mega strides” in its sustainable development objectives. State-held Bahrain News Agency reports that His Royal Highness…
Arabian Gulf debt issuance hits new record in second quarter
The amount of debt issued in the Arabian Gulf by governments and corporations in the second quarter of 2019 hit…
Bidaya Finance wins four digital banking awards
Bidaya Home Finance, an Islamic home finance company in Saudi Arabia, has won four prestigious awards in Global Finance magazine’s…
Egypt's central bank seen cutting key interest rates
Egypt’s central bank is likely to cut its key interest rates by at least 100 basis points on Thursday, a…
SMBC Selects Exiger's DDIQ as a New AI AML Tool in EMEA Region
Exiger has announced today its agreement with global financial institution Sumitomo Mitsui Banking Corporation Europe Ltd (SMBC) to leverage Exiger's…
Robust private sector credit offtake boosts Qatar bank assets
A robust double-digit growth in credit to the private sector has outpaced total loan expansion within Qatar's commercial banks at…