Kuwait pledges $2 billion in loans, investment for Iraq reconstruction
Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah has pledged $1 billion in loans and $1 billion in direct investments to…
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Burgan Bank 2017 income tops $214m
Kuwait-based Burgan Bank has posted a net income of KD65.2million ($214.9 million) for the year 2017. Earnings per share reached…
SGBL goes digital with Backbase
Société Générale de Banque au Liban has partnered with Backbase to deliver an entirely new experience to its customers. …
Trillion dollar conman strikes Dubai
After stealing a football club, breaking into a bank and conning governments around the world, a convicted international fraudster -…
UAE's First Abu Dhabi Bank launches its Global Investment Outlook 2018
First Abu Dhabi Bank, the UAE’s largest bank has published its inaugural Global Investment Outlook report for 2018, Going from…
Noor Bank Wins Two Accolades at the Service Olympian Awards 2017 in Dubai
Noor Bank has won the Best Social Media Customer Experience award and the runner-up title in the Best Benchmarking Index:…
GFH 2017 income more than halves amid difficult market conditions
Bahrain-based investment bank GFH Financial Group reported a 56 per cent drop in its 2017 full-year net profit as income…
Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court
A judge in Dubai has green-lighted a trial that will determine whether a Deloitte member firm was negligent as auditor…
Citigroup Hired for First Saudi Arabia Deal After Reopening
Citigroup Inc. won its first local mandate in Saudi Arabia as the U.S. lender returns to the kingdom after a…
Saudi Central Bank to Test Ripple Payments Tech
Distributed ledger startup Ripple has struck a deal with Saudi Arabia's central bank on a pilot program that will see…
Singapore, Egypt sign fintech cooperation pact
The central banks of Singapore and Egypt have signed a cooperation agreement on Fintech. Under the agreement, the Monetary…
Damac revenue up 4% to Dh7.5b for 2017
Damac Properties reported total revenue of Dh7.5 billion for the year ended 2017, a 4 per cent increase over 2016,…