International Bank of Qatar posts QR747.2mn net profit in 2018
International Bank of Qatar posted a net profit of QR747.2mn in 2018, compared with QR555.1mn registered in the previous year. …
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Kuwait Finance House introduces country's first banking robot
Kuwait Finance House (KFH) introduced the country's first ever banking robot to mark a historic development in the sector. …
QIIB remains 'optimistic' about 2019 as market looks 'promising': Al-Shaibei
QIIB is optimistic of achieving the targeted growth this year as the “market looks promising”, said bank chief executive officer…
Central bankers’ hunger for gold could signal price turnaround
Slowing global growth, a weaker US dollar and a drive by central banks to expand the amount of gold they…
Commercial Bank begins fast-track fund transfer to UK and Europe
Commercial Bank has launched a fast-track funds transfer service that will allow customers to send money to the UK in…
Cash-Strapped Oman May Be Next Blowout After Bahrain Crisis
Bond investors rattled by Bahrain’s fiscal woes last year are bracing for the next potential crisis in the Gulf region:…
Global awarded “Best MENA Equity Fund”, “Best Sector Fund” by MENA Fund Manager
Global was awarded “Best MENA Equity Fund” and “Best Sector Fund in the Region” by the “MENA Fund Managers Performance…
Fitch affirms Emirates NBD at 'A+'; outlook stable
(The following statement was released by the rating agency) Fitch Ratings-Moscow-February 04: Fitch Ratings has affirmed UAE-based Emirates NBD's…
Lessons from Abraaj: A sense of perspective
The downfall of ‘Dubai’s star investor’, Abraaj, in June last year led to one international news outlet to warn of…
Dubai regulator suspends wealth management firm's licence
The Dubai Financial Services Authority has announced the suspension of the licence of Morgan Gatsby Limited for a period of…
Julius Baer announces cost cuts as profitability lags
Stable profit in challenging market environment IFRS net profit attributable to shareholders of Julius Baer Group Ltd. grew by 4%…
FTSE Russell and Nasdaq Dubai announce Saudi equity indices for derivatives trading
Futures trading to begin later this month giving investors new ways to gain exposure to dynamic Saudi stock market Cooperation…