Mena M&A deal value up 69pc to $27bn in 2018
The Mena region experienced a significant spike in deal value during 2018, reaching $26.76 billion, compared with $15.86 billion in…
Uncategorized
47651 articles found
Oman Aviation seeks adviser for multi-billion financing – sources
Oman Aviation Group, a government entity in charge of investments in the country’s civil aviation sector, is seeking an adviser…
Revealed: $27m scheme to boost SME funding in the UAE
Emirates Development Bank has announced the launch of the new Credit Guarantee Scheme, amounting to AED100 million ($27 million) in…
Investment Outlook 2019 Report: Economic trends and corporate transactions in the GCC
The macroeconomic picture has improved significantly across the GCC over the last 12 months. Increased oil production and the…
Saudi government reserve drops by near $23bln in Q4 – official figures
Saudi Arabian Monetary Authority’s government reserve dropped by 84.2 billion Saudi riyals ($22.7 billion) in the fourth quarter of 2018,…
Is Brexit good news for the GCC?
Simon Penny, Her Majesty's Trade Commissioner for the Middle East, Pakistan and Afghanistan, is optimistic that the Gulf countries -…
Poor Customer Experience Costs Financial Institutions $10 Billion Per Year
Fenergo has announced findings from the company's industry trends report series, which found that "poor customer experience" is costing financial…
Abu Dhabi’s FAB records net profit of Dh12 billion from 10% gain
First Abu Dhabi Bank, has reported a full-year 2018 group net profit of Dh12 billion, up 10 per cent year-on-year…
Dubai Investments Park postpones Islamic bonds sale
Dubai Investments Park, a subsidiary of Dubai Investments, has postponed its planned issue of US dollar-denominated sukuk, or Islamic bonds,…
12 fined Dhs1.96 million over bank scam
Twelve men who ganged up to siphon Dhs175, 000 from a policeman’s joint bank account have been jailed for 174…
Online Banking & Arab Millennials: A love-hate relationship
For millennials across the Arab world, online banking is gradually replacing monthly visits to the bank. Advanced electronic payment…
SIB’s net profits up 7 per cent to Dh510 million
Sharjah Islamic Bank has recorded a net profit of Dh510.4 million for 2018, up 7 per cent compared to Dh477.7…