UAE Central Bank imposes financial sanctions on six banks
The UAE Central Bank has imposed financial sanctions on six banks in the country for not fully complying with the…
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Emirates NBD reports profit of Dhs5.3bn, its highest since 2019
Dubai’s largest lender Emirates NBD delivered its highest first-half profit since 2019. The Q2 profit was exceptionally strong at Dhs3.5bn,…
UAE, Kenya to commence talks over comprehensive economic partnership
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Betty Maina, Cabinet Secretary, Ministry of Industrialisation,…
Capital Bank achieves half-year profits of JD 60.2mln
Capital Bank Group has announced half-year net profits for 2022, the highest since its establishment that are equal to the…
ADNOC Distribution to acquire a 50% stake in TotalEnergies’ fuel retail, aviation and lubricants business in Egypt
ADNOC Distribution has announced it has entered into an agreement with TotalEnergies Marketing Afrique SAS to acquire a 50% stake…
UAB reports net profit of AED 83.3mln for H1 2022
H1 2022 Highlights: United Arab Bank has announced a net profit of AED 83.3 million for the six month…
NBF posted a solid performance in H1 2022 net profit
Progressive performance underpinned by robust capital adequacy, enhanced balance sheet management and improvement in asset quality NBF has announced…
Oman’s financial wealth may reach $89bn by 2026
Oman’s financial wealth will experience a sturdy compound annual growth rate of 5.2 per cent over the next five years,…
CBK raises discount rate by quarter percentage point
The Central Bank of Kuwait raised the discount rate by a quarter percentage point from 2.25 per cent to 2.50…
Saudi lender Arab National Bank reports higher H1 profit of $360m
Saudi Arabia’s Arab National Bank has posted a 29 percent increase in profit during the first half of 2022. …
Moonfare launches digital private markets investing platform in the United Arab Emirates
Moonfare has announced that it has launched operations in the United Arab Emirates (UAE). Individual investors of all seven emirates, with the…
Qatar’s financial wealth to grow by 3.9% annually, reaching USD 0.4trln by 2026
Qatar’s financial wealth will experience a sturdy Compound Annual Growth Rate (CAGR) of 3.9% in new wealth, rising from USD…