Deciphering the fintech boom in the Mid East
Financial Technology (fintech) is a vast and all-encompassing term that evokes hope, cynicism and plenty of confusion. From Bitcoins to…
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Standard Chartered study reveals investment is the emerging affluent’s top strategy to increase their wealth
Emerging affluent enjoying impressive earnings growth, and higher levels of education, employment and home ownership than their parents More…
Emirates NBD announces third quarter 2018 results
Emirates NBD delivered a strong set of results with net profit up 24% year-on-year to AED 7.7 billion. Net interest…
Tabreed raises $500m with new 7-year sukuk
National Central Cooling Company has raised $500 million with a fixed rate senior unsecured US dollar denominated sukuk with a…
Burgan Bank announces another strong quarter
Burgan Bank Group announced yesterday its nine months earnings for the financial year 2018 reporting a net income of KD…
Bank Nizwa net profit surges 97 per cent in third quarter
As the first and leading fully-fledged Islamic bank in Oman, Bank Nizwa announced its 2018 third quarter financial results registering…
CBI reports Dh142m 9-month profit
Commercial Bank International on Tuesday reported a net profit of Dh142 million for the first nine months of 2018, up…
UAE banks keen to bolster AML steps
Banks in the UAE are keen to welcome any additional platforms or means of cooperation with US Treasury to support…
Turkish executives seek clean break from Dubai-based troubled Abraaj
It is never easy to break up, but learning to start over is sometimes even harder. Executives at the…
HSBC chief: it is hard to disengage from Saudi Arabia despite Khashoggi death
The murder of journalist Jamal Khashoggi is unlikely to have much impact on trade and foreign investment in Saudi Arabia,…
Qatar- QFB posts QR425.5mn loss
Qatar First Bank said it recorded a net loss of QR425.5mn at the end of the third quarter in September. …
Emirates Islamic Q3 net profit up 32pc to $197m
Emirates Islamic, a leading Islamic financial institutions in the UAE, has posted a net profit of Dh657 million ($197 million)…