BankDhofar launches an exclusive credit card for ladies banking
BankDhofar is proud to be one of the few banks in Oman offering a credit card exclusively for women, reinforcing…
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The CBUAE and Dubai Courts sign MoU
The Central Bank of the UAE and the Dubai Courts have signed a Memorandum of Understanding aimed at linking electronic…
Gulf Insurance Group shareholders approve new Board formation
Gulf Insurance Group has announced the formation of a new Board, which comprises the current Directors representing majority shareholder, Fairfax…
AESG signals focus on raising the levels of compliance with environmental sustainability with appointment of new Regional Director of Environment
Brent Ridgard, an accomplished environmental and sustainability professional with over 25 years’ experience, will lead AESG’s Environment Division in the…
Gross banks’ assets saw $113.8bln YoY increase in May 2024: CBUAE
Gross banks’ assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287 trillion,…
Global ESG sukuk market shows strong growth in early 2024; Q3 slowdown expected: Fitch
The global environmental, social, and governance sukuk market saw significant growth in the first half of 2024 – rising 41…
Saudi Arabia’s SABIC reports 84% surge in net profit to $564m
Petrochemical giant Saudi Basic Industries Corp. saw an 84 percent year-on-year surge in net profit to SR2.18 billion ($564 million)…
QNB holds workshop with Snapchat to enhance bank's digital engagement strategies
QNB has hosted a workshop for its staff members in collaboration with Snapchat, one of the leading social media platforms,…
Al Ansari Financial Services to acquire BFC Group for $200mn
As part of its plans to expand its presence across the region, Dubai-based Al Ansari Financial Services has agreed to…
Qatar’s non-hydrocarbon sector has strong potential to drive growth
Qatar’s commitment to actively pursuing an economic diversification agenda has created several opportunities for investors. Speaking to The Peninsula,…
Kuwaiti lenders Boubyan Bank and Gulf Bank weigh merger
Kuwaiti lenders Boubyan Bank and Gulf Bank are weighing a merger to create a single Islamic bank with $53 billion…
Saudi banks’ money supply increases 9% in June to reach $773bn
Saudi banks’ money supply rose 9 percent in June compared to the same month of 2023 to reach SR2.9 trillion…