Oman In-Focus — Credit balance sees a 6.8% uptick in August
Oman’s banking sector saw a 6.8 percent year-on-year increase in outstanding credit balances, reaching 30.4 billion Omani rials ($79 billion)…
Uncategorized
47651 articles found
Dubai: Economy grows 3.2% in H1 2023
Dubai’s economy witnessed a growth of 3.2 per cent in H1 2023, compared to the same period last year. …
Oman's Bank Muscat H1 net profit up 7% on higher interest income
Bank Muscat, Oman's largest lender by assets, reported net profit for a nine-month 2023 of 158.88 million rials ($412.6 million),…
Kuwaiti Islamic banks expect profit growth despite challenges: Fitch
Kuwaiti Islamic banks are forecast to see profit improvement in 2023 and 2024 despite mounting regulatory provisioning requirements, pressure on…
Gitex 2023: UAE businesses aim to get AI-enabled fast and at reasonable cost
If 2022 was all about ‘clouds’ in the UAE’s tech industry, it’s AI taking the lead – an unsurpassable one…
Oil and beyond – the Gulf economies’ path to new horizons
Key takeaways: Growth in the Gulf economies will stall in 2023, with a modest rebound in 2024. We maintain our…
Nomura International Wealth Management Names Anurag Mahesh Coverage Head for Southeast Asia, Global South Asia and Middle East
Nomura, Asia’s global investment bank, today announced that Anurag Mahesh will join its International Wealth Management business later this year,…
Dubai’s Rasmala acquires London residential blocks for $63mln
Dubai-based Rasmala Investment Bank has completed the acquisition of residential blocks in London for $63 million. The newly acquired…
How to setup a business in Dubai? Dubai Chambers launches guide
As Dubai’s digital economy flourishes, Dubai Chamber of Digital Economy, an integral part of Dubai Chambers, has taken a significant…
NBK Garlanded with Four Prestigious Awards at Qorus Banking Innovation Awards 2023
National Bank of Kuwait has received four prestigious awards at Qorus Banking Innovation Awards 2023 held in Dubai to spotlight…
DFSA fines former CFO of listed REIT for being knowingly concerned in misleading statements and accounting breaches
The Dubai Financial Services Authority has published a Decision Notice imposing a penalty of USD 33,220 (AED 122,000) on Mr…
Julius Baer appoints Rahul Malhotra to newly restructured Executive Board
Julius Baer Group has announced the promotion of Rahul Malhotra from Global India Head to Lead Emerging Markets and to…