National Bank of Kuwait's fourth-quarter net profit rises more than 25% on revenue boost
The National Bank of Kuwait, the biggest lender in Kuwait, said its fourth-quarter profit jumped more than 25 per cent…
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Active contribution to Vision 2030 objectives, Abdullah Al Rajhi Leads alrajhi bank to Record 2022 Profits of SAR 17,151 Million, Up 16%
Mr. Abdullah bin Sulaiman alrajhi, Chairman of the Board of Directors, announced that the Bank earned SAR 17,151 million in…
Globaleye unveils wealth management platform
International advice firm Globaleye has launched a wealth management solution, offering both digital-only and hybrid wealth advice. Globaleye 3.0…
Dubai Investments buys stake in UK digital bank Monument
Dubai Investments has acquired a nine per cent stake in Monument, a digital banking startup targeting the UK's mass affluent…
UAE’s real estate sector to remain resilient in 2023, with growth prospects ahead
A combination of strong business conditions and limited availability of good quality office spaces were broadly responsible for double-digit growth…
UAE banks’ investments hit 13-month high in November
UAE banks’ investments exceeded 511 billion dirhams ($139 billion) at the end of November 2022, the highest level in 13…
Oliver Wyman names Souheil Moukaddem global leader of Cyber Risk
Oliver Wyman has appointed Middle East based Souheil Moukaddem as the new global leader of its Cyber Risk practice. …
Qatar’s retail sector forecasts steady growth in Q1 2023
The retail industry in Qatar is poised to augment steadily benefiting the economy of the country during Q1 of 2023. …
First climate change readiness index launched for MENA region
As almost every country in the Middle East and North Africa has reduced its per capital emissions from 2015 levels,…
ESG due diligence on the rise in the mergers & acquisitions scene
The ESG megatrend is increasingly entering the word of mergers & acquisitions, according to new research by KPMG. Dealmakers are…
Goldman’s Top Middle East Private Banker Leaves After Two Years
The head of Goldman Sachs Group Inc.’s wealth management business in the Middle East and North Africa has left after…
Saudi Central Bank engages with fintechs and banks on CBDC
The Saudi Central Bank is running tests on a domestic wholesale digital currency in collaboration with local banks and fintechs.…