Sanctions against Qatar push inflation up modestly in June
Sanctions imposed by Arab states pushed Qatar’s inflation rate up only modestly in June, official data showed on Thursday, suggesting…
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Bank Muscat net profits fall
Bank Muscat's net profits fell to RO84.31m in the six months to the end of June - 6.8% down from…
Boubyan Bank records KD 21.9m in net profits
Boubyan Bank has recorded a net profit growth of 16% in the First half of 2017. The bank’s net…
US inks anti-terror deal with Qatar in press to end dispute
U.S. Secretary of State Rex Tillerson sealed a deal Tuesday to intensify Qatar's counterterrorism efforts, tackling a central issue in…
Quartet values US bid to resolve Qatar crisis
The United Arab Emirates, Kingdom of Saudi Arabia, Kingdom of Bahrain and Arab Republic of Egypt on Tuesday issued the…
Jared Kreushner tried unsuccessfully to get a $500 bailout from Qatar
Top White House aide and President’s son-in-law Jared Kushner reportedly attempted to seek a half-billion dollar investment from an investor…
New requirements will not imperil offshore formation
Last month’s column on offshore companies led to a storm of requests seeking clarifications on a number of issues, particularly…
Bahrain's Alba eyes expansion with $700m fund
The fund will be used to finance its Power Station 5 and Power Distribution System projects. The facilities comprise…
Major mergers and consolidation still elusive for Gulf banking sector
Big-ticket consolidation activity remains elusive for the Gulf banking sector despite this year’s merger of the UAE’s two biggest banks,…
DIFC and DIEDC set to launch Islamic FinTech initiatives
“With the global Muslim population expected to grow by 73 per cent between 2010 and 2050, there will undoubtedly be…
Kuwait Looks To Startups To Drive Growth As Oil Wealth Slows
The oil price volatility that started in the latter half of 2014 have been a wakeup call for the Gulf…
Leumi Initiates an Additional Efficiency Plan, Following the Steps Taken Over the Last Few Years
The Leumi Group has announced that its Board of Directors has approved an additional efficiency plan, following the efficiency measures…