How post-Covid economic recovery is improving the profitability of Saudi Arabia’s top 10 banks
The profitability metrics of the top 10 banks in the Kingdom of Saudi Arabia witnessed an improvement with post Covid-19…
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87% of UAE IT decision-makers agree their organizations’ enterprise data strategy is key to effective hybrid workforce
United Arab Emirates, Dubai: Cloudera, the hybrid data cloud company, has released the findings of a global research report that…
President Kenyatta Calls for Enhanced Cooperation Between Kenya and the UAE
President Uhuru Kenyatta has expressed the need for Kenya and the United Arab Emirates (UAE) to rejuvenate their bilateral cooperation…
Higher lending drove Saudi top banks' profitability in 2021: Report
Saudi Arabia’s top 10 banks witnessed an improvement in profitability and strong growth in loans and advances in the financial…
Dubai government establishes debt management office, appoints CEO
The Dubai Government said on Monday that it has established a debt management office (DMO) and appointed Rashid Ali bin…
Mashreq Bank commits up to $10mln investment in fintech “Cashew”
Mashreq Bank has committed up to $10 million in Cashew, the innovative fintech leader providing buy now pay later (BNPL)…
Wio makes senior leadership appointments following UAE Central Bank license
Wio Bank PJSC, established recently in the UAE, has announced the appointment of His Excellency Salem Al Nuaimi as Chairman…
Mubadala extends co-investment with Hellenic Development Bank of Investments
During Greek Prime Minister Kyriakos Mitsotakis’s official state visit to the United Arab Emirates, Abu Dhabi-based sovereign investor, Mubadala Investment…
Saudi Arabian Banks Recovering Well from Pandemic Pressures
The pandemic’s impact on Saudi Arabian banks has been contained and pressures on the operating environment have largely eased, says…
Majority of Middle East’s wealthy plan to increase sustainable investments
About 85 per cent of high-net-worth investors in the Middle East intend to increase their exposure to ESG (environment, social…
Abu Dhabi ADNOC Distribution Q1 net profit rises to $183mln
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, reported a 6.3 percent y-o-y increase in Q1 2022 net profit…
Oman reports a budget surplus in Q1
The Sultanate's general budget achieved a financial surplus of RO357 million by the end of the first quarter of this…