A continuous battle for Islamic banks in the UAE
Growth in financing amongst Islamic banks in the UAE continued to fall in 2018, in line with trends of its…
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Saudi Prince’s Rise to Power Turns Him Into a Billionaire Boss
It was an unprecedented move against once-inviolable power figures in the kingdom, framed as a crackdown on corruption. To…
GFH posts $49mln first half net profit
GFH Financial Group (GFH) today said its net profit attributable to shareholders for the first half of 2019 was $49.1…
Egypt’s banks to pay back dues of Suez Canal certificates in September
Investor experts said that Egyptian banks will pay back on September 4 the dues of Suez Canal certificates amounting LE64…
SAIB swings to losses in Q2
Saudi Investment Bank (SAIB) disclosed its interim financial results for the second quarter of 2019. The bank swung to…
What the Latest Streak of Mega-Investments Means for Israeli Tech
CTech – This summer has been good for the Israeli tech industry, with three massive deals bringing in over $500…
Ex-Barclays bankers face extra charge in Qatar fraud case
The Serious Fraud Office has increased the stakes of a high-profile case against three former Barclays executives by adding an…
Kuwait’s current account surplus rises in Q1-19
Kuwait’s current account surplus increased to around KWD 2 billion during the first quarter of 2019, compared to KWD 1.8…
Britain ‘conditions retrial’ for Al-Raja’an extradition
Britain made the retrial of Fahd Al-Raja’an, the former director of the Public Institution for Social Security a precondition for…
African businesses eye UAE for growth, development
Africa has turned into every investor's favourite investment destination as innovation and growth get embedded deep in the economy. …
Dh10,000 fine for breaking this law during Eid Al Adha in UAE
As last year, UAE authorities have once against warned residents against the risks of fireworks and fire crackers during Eid…
Aldar eyes expansion into Egypt and Saudi Arabia as profit rises
Aldar Properties is looking at expanding into Egypt and Saudi Arabia as Abu Dhabi's largest developer reported a 5 per…