UAE banks are not only delivering record profits – their stocks zoom to 12-month highs
Forget about IPOs for a moment – and let’s see what can be done with UAE’s listed banks. Investors on…
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Kuwait’s Black Market Sees Explosive Growth in Illicit Money Transfers
The illicit money transfers within Kuwait’s black market have recently experienced a notable surge, impacting approximately 11 countries due to…
Bank ABC hires European head of treasury and financial markets
Bahrain-headquartered Bank ABC has appointed Simon Atkins as European head of treasury and financial markets for ABC International Bank (IB),…
Bahrain energy company to form captive insurer
A Bahrain energy company plans to establish and manage a captive insurer following a strategic agreement with an affiliate of…
Emirates Islamic profit rises 71% in 2023 to a record AED 2.12bln
Emirates Islamic achieved a significant milestone in 2023, with an impressive 71% increase in net profit, reaching an unprecedented high…
National Bank of Fujairah posts 113% in net profits at Dh725.1 million
National Bank of Fujairah PJSC has posted record profits in 2023 - at an increase of more than double year…
KSA’s Social Development Bank signs $266m deals to back entrepreneurs
Saudi Arabia’s Social Development Bank signed 24 deals worth SR1 billion ($266 million) to support entrepreneurs across various sectors in…
Moody’s alters outlook to negative for 5 Egyptian banks amid credit profile concerns
Egypt’s weakening credit profile has prompted Moody’s to affirm ratings for all five banks while downgrading their long-term deposit scores…
Sohar International wins top honor as ‘Most Innovative Digital Bank for ecosystem sservices– Oman 2023’
Setting new standards for excellence in the digital banking sphere, Sohar International was recently recognized as the 'Most Innovative Digital…
Saudi Arabia jumps 25 places in World Bank’s national statistics indicator
Saudi Arabia’s economic data is demonstrating increased availability and maturity, with the nation advancing 25 places on the World Bank’s…
Gulf Bank first Kuwaiti bank to partner with Coach Hub
Salma Al-Hajjaj: This partnership highlights the significance of investing in Gulf Bank's leaders to enhance their leadership capabilities Gulf…
Bank Nizwa’s senior executives excel in prestigious Wharton University program
As the leading Islamic bank in the Sultanate of Oman, Bank Nizwa remains resolute in its commitment to the cultivation…