Lebanese Default Risk Prompts Moody's Downgrade Deeper Into Junk
Lebanon wasn’t spared a debt rating downgrade that pushed it deeper into junk, hours after Qatar unveiled a plan to…
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Saudi Arabia unveils seven principles to raise investment
Saudi Arabia has unveiled seven investment principles, issued by royal decree and based on international best practice, that will support…
Real estate investment trusts lower entry barrier for investors
Individual retail investors in the UAE are increasingly looking at real estate investment trusts (Reits) to access property portfolios without…
Al Rajhi Capital unveils flagship ‘passive’ fund
AL Rajhi Capital, has launched the ‘Al Rajhi MSCI Saudi Multi Factor Index Fund’. This fund is classified as…
QNB Group recognised as most valuable banking brand in MEA
QNB Group was recognised as the most valuable banking brand in the Middle East and Africa (MEA) once again with…
Qatari businessmen keen to invest in Pakistan in diverse areas
Qatari businessmen and investors on Tuesday expressed interest to invest in Pakistan in diverse areas, including hospitality, large-scale manufacturing, transportation…
Saudi Arabia's Alawwal Bank, SABB merger "on track" for H1 completion
Saudi Arabia’s Alawwal Bank and the Saudi British Bank are on track for a merger to take place in the…
New standards could have unintended risks to issuers
Dubai: Rating agency Standard & Poor’s has a positive view of the new requirements for Sharia governance and disclosures proposed…
Kuwait, Bahrain lenders plan talks on $92bn merger
Kuwait Finance House and Bahrain’s Ahli United Bank’s boards will meet this week to consider valuation reports on a potential…
Saudi’s largest lender NCB posts 3.5% rise in Q4 profit
Saudi Arabia’s National Commercial Bank (NCB), the country’s largest lender, saw a 3.5 per cent rise in fourth-quarter net profit,…
Qatar banks' non-resident deposits jump 21.75%
Non-resident deposits within Qatar’s banking system witnessed a robust 21.75% year-on-year expansion to QR164.26bn in November 2018, indicating the strong…
The region's prospects for economic growth will be dampened, notably by Turkey's expected contraction
After a difficult 2018, banks in the Middle East, North Africa, and Turkey are likely to face more of the…