Emirates Islamic Announces Q1 2018 Results
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its financial results for the quarter ending…
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Dubai-based firm launches commodities-backed cryptocurrency
Freedium, a company establishing a presence at the Dubai Multi Commodities Centre (DMCC) has announced the launch of the first…
UAE Ministry of Economy Signs Strategic MoUs With 14 Government Entities
The UAE's Ministry of Economy has revealed the signing of a series of new strategic Memorandums of Understanding with 14…
Ahlibank net profit rises 3.6% to QR176.1mn in first quarter
Ahlibank has posted a first quarter (Q1) net profit of QR176.1mn, up 3.6% (QR6.1mn) on the same period in 2017. …
Kuwait Finance House Bahrain Hosts Annual Staff Gathering
Bahrain hosted its Annual Staff Meeting at Bahrain's Four Seasons Hotel. The event marked a successful year of accomplishments,…
$260bn investment needed to meet Mena electricity demand
The Arab Petroleum Investments Corporation, the multilateral development bank focused on the energy sector, forecasts that the Mena region will…
More Gulf region IPOs likely this year, says Abu Dhabi Financial Group CEO
There is a strong possibility that the Gulf region will see more IPOs this year, according to Jassim Alseddiqi, the…
QIB beefs up mobile app features
Qatar Islamic Bank has added new features to its innovative QIB mobile app to bring further convenience and personalised experience…
Dubai’s Emirates NBD reports 27% rise in first quarter net profit
Emirates NBD, Dubai’s biggest lender, reported a 27 per cent rise in first quarter net profit attributed to loan growth…
Abraaj offers to resign as manager of $1bn healthcare fund – report
The firm is reorganizing its structure - with founder Arif Naqvi ceding control of the fund management business - and…
Barclays: “Equities Expected to Continue Outperforming Bonds Despite Current Volatility”
Barclays published its Q2 2018 Compass Report, which examines major asset classes globally. The report notes that today’s best…
Dubai’s Wrappup Acquired By U.S. Tech Startup Voicera
Wrappup, a Dubai startup that has built an app for note-taking, has been acquired by U.S.-based Voicera, in a deal…