Saudi NCB posts 24% rise in quarterly profit
National Commercial Bank , Saudi Arabia’s biggest lender, posted a 24% rise in second-quarter profit on Wednesday, helped by higher…
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IIFM Publishes its Annual Sukuk Report 2019
The International Islamic Financial Market has announced the publication of the 8th Edition of its annual Sukuk Report. The research…
Bahrain’s Rain closes $2.5 million seed round, becomes first licensed cryptocurrency exchange in the Middle East
Rain, a Bahrain-based cryptocurrency exchange has closed its $2.5 million seed round, it announced in a statement to MENAbytes. …
DIFC, Mashreq Bank and norbloc to launch the region's first production blockchain
Dubai International Financial Centre together with Mashreq through its Corporate and Investment Banking Group, and norbloc, the leading Know Your…
Gold funds shine with 16.83 per cent returns in a year. But will the lustre last?
The yield from gold funds offered by mutual fund houses has touched 16.83 per cent in the 12 months ending…
Saudi Arabia allows two firms to test robo-advisory services
Saudi Arabia's Capital Market Authority has approved Wahed Capital and Haseed Investing Company to test their robo-advisory services, as part…
NBB launches new digital services
National Bank of Bahrain, in line with its ongoing journey of transformation, announced new and digital services to continue enhancing…
Bahrain’s money supply increased by 9.2%
Bahrain’s (M3) money supply increased by 9.2 per cent reaching BD13,546.2 million as of end-June, compared with BD12,402.3m as of…
Intelligent Automation Is the Next Step to Working Like Tomorrow, Today
Organizations depend on a variety of processes to get things done, including opening new customer accounts, financial reporting, and tracking/scheduling…
Collapsed Buyout Firm Abraaj Fined Record $315 Million by Dubai
• Serious wrongdoing by two Abraaj group companies included carrying out unauthorised activities in the DIFC and misusing investors’ monies.…
Standard Chartered launches a Rewards Campaign exclusively for its Standard Chartered credit card holders
Standard Chartered has rolled out its summer campaign which will entitle its credit card customers to earn more rewards while…
Arabian nights and Indian startup dreams: Middle East investors eager to fund tech businesses
Middle East investors are increasingly looking at the Indian startup ecosystem with a new confidence and are not shying away…