Saudi Arabia's Samba bank Q1 net profit down 7.4 pct
Samba Financial Group’s first quarter net profit fell 7.4 percent year-on-year, Saudi Arabia’s third-largest bank by assets said in a…
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UAE’s United Arab Bank cuts 150 jobs – sources
United Arab Bank made about 150 staff redundant last week as part of cost cutting and efficiency measures, three sources…
Federal Court’s landmark ruling puts Islamic banks at ease
ISLAMIC banks watched with bated breath as the Federal Court made a decision two weeks ago that could have had…
QFB eyes US, Europe and other new markets
Qatar First Bank’s efforts to achieve sustainable growth and turnaround its financial and business performance have started bearing positive results.…
New £1.5billion fine threat for Standard Chartered over Iran link after a civil case is filed by whistleblowers
British banking giant Standard Chartered could face a new £1.5billion fine for breaking US sanctions against Iran after a civil…
Nasdaq Dubai welcomes USD 1.5 billion Sukuk listing by Islamic Development Bank
Nasdaq Dubai welcomed the listing today of a 1.5 billion US dollar Sukuk by Islamic Development Bank. The listing…
Dubai group ValuStrat acquires UK real estate firm
Leading Middle East consultancy firm ValuStrat said it has acquired a majority shareholding in Capital Chartered, a UK firm specialising…
QBIC launches programme to help fashion designers do business
The Qatar Business Incubation Centre, owned by Qatar Development Bank, has announced the launch of its latest specialised programme –…
Qatar, UK sign several deals in London
The State of Qatar and the United Kingdom have signed a number of bilateral agreements, including the Qatar Central Bank’s…
Qatar Development Bank opens registration for 'ROWAD Award 2019'
Qatar Development Bank has announced the opening of registration for the second edition of Qatar Entrepreneurship award “ROWAD Award 2019”. …
Saudi Arabia may issue euro-demonimated bonds this year
Saudi Arabia may issue euro-denominated bonds this year, depending on market conditions, Finance Minister Mohammad Al Jadaan said on Sunday.…
GCC jumps 39 percent in M&A deals
Members of the Gulf Cooperation Council registered a 39 percent boost in the number of merger and acquisition deals achieved…