Doha Bank sees 5%-7% profit growth in 2018 despite standoff
Doha Bank could have a profit growth of between 5% and 7% this year, even as funding costs rise and…
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Saudi arrests that swept up princes boosted investor trust, says CEO of world's biggest oil company
Saudi Arabia's anti-corruption campaign, which swept up prominent royals and businessmen, has bolstered investor confidence in the kingdom, says Amin…
QIIB’s 2017 net profit rises 6% to QR832mn
Achieving “remarkable” growth across various items provided in its budget, leading Islamic bank QIIB posted a net profit of QR832mn…
DIB brings first GCC bank paper this year
Dubai Islamic Bank, the largest Islamic bank in the UAE by total asset size,has mandated eight banks for a five…
Emaar Development seeks loan for Dubai project
Emaar Properties’ real estate development unit Emaar Development is expected to launch a loan soon to fund a development project…
Saudi Arabia Hotel Investment Conference to debut in February 2018
The Saudi Arabia Hotel Investment Conference is set to make its debut with the Kingdom currently having the largest number…
UAE demand for business loans up marginally in Q4 -central bank
Demand for business loans in the United Arab Emirates increased marginally in the fourth quarter of last year, mainly because…
Qatar National Bank mandates banks for Kangaroo bond
Qatar National Bank, the Gulf’s largest lender, has mandated Australia and New Zealand Banking Group and Bank of America Merrill…
UAE welcomes removal from EU tax haven list
The UAE has welcomed the decision by the European Union to remove the country from a list of 'uncooperative tax…
Biggest US state fund to invest in Middle East via Abu Dhabi-based fund
The Alaska Permanent Fund Corporation, a wealth fund for the oil-rich state that has US$65 billion of assets under management,…
Citi gets Saudi go-ahead for investment banking business
Citigroup has won formal approval from Saudi Arabia’s Capital Market Authority to begin investment banking business there, the US bank…
Al Rayan Bank wins ‘Best Islamic Bank in the UK’ honour
Al Rayan Bank (UK), the country’s largest and oldest Islamic retail bank, has had an impressive start to 2018 by…