Saudi Aramco unveils record profits as oil prices soar
Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's…
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Saudi billionaire’s Kingdom Holding invested $3.4bln globally since 2020
Saudi investment firm Kingdom Holding Co. (KHC) disclosed that it has made investments worth more than SAR 12.8 billion ($3.4…
Invesco partners with UAE wealth firm to create model portfolios
Global asset manager Invesco has partnered with Abu Dhabi-headquartered wealth manager Secura International to provide model portfolio solutions. Invesco…
GFH’s second-quarter profit climbs on higher investment banking income
Bahrain investment bank GFH Financial Group reported a 10 per cent increase in its second-quarter profit as investment banking income…
UAE banking system can withstand adverse scenarios: Central Bank
Banks in the UAE have adequate capital and liquidity buffers to withstand severe adverse scenarios, the country's central bank said…
Lebanese bank hostage situation ends after partial funds payout
A hostage situation in a Beirut, Lebanon bank ended on Thursday after authorities agreed to grant a Lebanese gunman partial…
Ahli United Bank Egypt offers 8% cashback on 3-years Premium CD
Ahli United Bank Egypt, one of the prominent banks in the Egyptian market, introduced a new 8% cashback offer on…
Kuwait Agility's Q2 net profit plummets to $52mln
Kuwait-based global logistics and warehouse provider Agility said its Q2 2022 net profit attributable to shareholders more than halved to…
SICO reports BD 2.5mln net profit attributable to shareholders of the bank in the first half of 2022
SICO has announced its consolidated results for the second quarter and six months ended 30 June 2022. On a…
Net Income attributable to Al Baraka Group's shareholders reaches US$ 85mln in the first half of 2022
Al Baraka Group has announced a net income attributable to shareholders of the parent company of US$ 45 million in…
Invesco partners with Secura International to provide model portfolio solutions
Invesco has announced a strategic partnership with SECURA INTERNATIONAL to provide model portfolio solutions as part of Secura’s investment offering…
PwC puts forward talent agenda for Qatar’s manufacturing skills gap
The manufacturing sector in Qatar is a priority sector under the National Vision 2030 programme and a key contributor to…