UDC posts QR401.7m net profit, QR2.1bn revenues in 2023
United Development Company, a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, announced…
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Perpetual appoints asset management head of distribution Emea
Perpetual Limited, asset manager and owner of J O Hambro Capital Management and Regnan, has announced the hire of Warren…
Emirates Nature-WWF to advance UAE's sustainable blue economy
Emirates Nature-WWF has brought in Accenture to help the non-profit organization develop a strategy for the further adoption of Sustainable…
Egypt, Islamic Development Bank cooperation portfolio reaches $20.72bn in various fields
Hala El-Said, the Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank Group, met with…
PIF’s Aseer Investment Co. announces launch of operations in region
The Asir region is poised to emerge as a premier tourist destination, thanks to a new operation launched by the…
Allianz Egypt, Suez Canal Bank partner to expand bancassurance services
Allianz Life Assurance Company Egypt, affiliated with Sanlam Allianz Africa, has signed a five-year partnership agreement with the Suez Canal…
NBK named “Best Trade Finance Provider in Kuwait” for 2024
National Bank of Kuwait (NBK) has received the award of “Best Trade Finance Provider in Kuwait” for 2024 in Global…
Bank Nizwa participates in & supports the second family and value building symposium
Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, served as the Strategic Partner of…
Hawksford expands its global footprint with Dubai office
With the official opening of its latest location in Dubai, Hawksford has expanded its global reach and improved its corporate,…
Sovereign wealth funds lead Middle East M&As – Bain & Co
Government-backed funds accounted for more than 80% of deals last year Government-backed funds dominated the dealmaking circles in the…
Fitch affirms Saudi Arabia 'A+' rating on strong balance sheet, fiscal buffers
Fitch Ratings has affirmed Saudi Arabia’s long-term foreign-currency issuer default rating (IDR) at ‘A+’ with a ‘stable’ outlook. The…
Banque Saudi Fransi posts 18% higher net profit for FY 2023
Bannque Saudi Fransi reported a 2023 full-year net profit of 4.22 billion riyals ($1.12 billion), up 18% year-on-year (YoY). …