Bank ABC reports 5pc growth in net profit
Bank ABC (Arab Banking Corporation) reported a consolidated net profit, attributable to the shareholders of the parent, of $159 million…
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QNB hosts Institute of International Finance seminar
QNB Group, the largest financial institution in the Middle East and Africa, recently organized an economic seminar in cooperation with…
Hesitant policies are seen holding back Islamic finance growth in Egypt
The decision of Egypt’s newly appointed Finance Minister Mohamed Maait to issue the first-ever international sukuk in the country’s next…
QAB Launches Innovation Lab, Hub
Oman Arab Bank (OAB), launched the Innovation Lab and Innovation Hub event in the presence of Rashad al Musafir, CEO,…
Dubai with its first official cryptocurrency exchange
The United Arab Emirates are already in the “bull” graph when it comes to cryptocurrencies and their adoption. Dubai is…
Qatari firm buys London's Grosvenor House hotel
A Qatari state-backed company is to buy the Grosvenor House hotel on London’s Park Lane, the latest in a string…
Kazakhstan keen to attract investments from Qatar
A visit of the Kazakh delegation to Doha has taken place with the assistance of the Embassy of Kazakhstan in…
Proximity to Metro pays off for Dubai property owners
Being close the Dubai Metro’s Red Line is paying off for property owners. Prices for apartments within a five-minute…
Bank of Beirut acquires Luxembourg-based Fortuna Bank
Lebanese financial group Bank of Beirut has announced the acquisition of Luxembourg-based Fortuna Bank, after an agreement was reached with…
Bahrain raises its game in aviation
Bahrain – the aviation capital of the Gulf in the last third of the 20th century – has had to…
Abraaj fund investors hire Duff & Phelps to help recover money: sources
Investors in one of Abraaj’s Middle East and North Africa funds have hired New York-based Duff & Phelps in an…
SoftBank reaffirms investment ties with Saudi Arabia
SoftBank reaffirmed its investment ties with Saudi Arabia on Monday, as its quarterly profit surged more than fivefold on the…