Qatar National Bank profit up 9% to $3.9bn
Qatar National Bank profits climbed significantly on the previous year, it says. The Qatar lender said net profit before…
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Investment banking fees generated in MENA reach $1.6bn in 2022, up 5%
Even as global investment banking fees declined by 33 percent last year compared to 2021, things were upbeat in the…
Mubadala, US-based Resilience to manufacture biopharma in UAE
Mubadala Investment Company (Mubadala), an Abu Dhabi sovereign investor, and US-based National Resilience (Resilience), a technology-focused manufacturing company, have signed…
New Lab Paves Way for Saudi Arabia’s Open Banking Launch
The Kingdom of Saudi Arabia has launched an Open Banking Lab for banks and FinTechs. The new lab, announced…
How ITC Infotech is well positioned to be the tech partner of choice for Middle East clients
Fast-paced technological reforms are reshaping the financial services ecosystem globally. Technology integration in banking has exposed a whole new spectrum…
Saudi Arabia: Master developer Dar Al Arkan heads to London Stock Exchange, will other Gulf businesses follow?
There will be a lot riding on Saudi master-developer Dar Al Arkan’s plans to list its international operations on the…
Al Ahly Pharos Investment Banking concludes advisory on Global Corp Financial Services third securitization issuance worth EGP 1.023bln
Al-Ahly Pharos investment banking, one of the subsidiaries of Al-Ahly Financial Services Group, which represents the integrated investment arm of…
UDC achieves comprehensive sustainability and wins international awards in 2022
Sustainability has always been a key focus of United Development Company’s (UDC) development vision. As a leading Qatari public shareholding…
First Abu Dhabi Bank raises $500m through Islamic bond
First Abu Dhabi Bank, the UAE’s largest lender by assets, has raised $500 million through a sukuk or Islamic bond,…
QFC announces appointment of Deputy Chief Executive Officers
Qatar Financial Centre has announced the official appointment of Sheikha Alanoud Bint Hamad Al Thani as Deputy Chief Executive Officer…
CEO of Türkiye’s top bank says capital boost to help it drive economy in 2023
An expected capital increase will help Türkiye’s Ziraat Bank to spearhead President Tayyip Erdogan's drive to boost economic growth and…
Investcorp set to invest $1bln in GCC real estate over next five years
Investcorp has announced that it is planning to invest up to $1 billion in the real estate market in the…