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Financial Results

Al Baraka banking group reports net income attributable to equity shareholder of US$ 113mln

February 24, 2022

Al Baraka Banking Group BSC (ABG), Bahrain Bourse and Nasdaq Dubai trading code "BARKA" announced its financial results for the…

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Financial Results

Saudi lender Arab National Bank profits up 5% to $581m in 2021

February 24, 2022

Saudi Arabia’s Arab National Bank has reported a five percent increase in profit during 2021.   The bank recorded a…

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Financial Results

Bahrain's Al Baraka Banking Group's 2021 net income up 69% to $113mln

February 24, 2022

Bahrain’s Al Baraka Banking Group (ABG) saw its full-year 2021 net income jump by nearly 70 percent despite the economic…

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Executive Moves

HSBC appoints Head of Markets and Securities Services in the UAE

February 24, 2022

HSBC has appointed Nabeel Albloushi as Head of Markets and Securities Services (MSS) for the United Arab Emirates (UAE). Nabeel…

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Hedge Funds & Alternative Investments

Investcorp leads $17.5mln investment in V-Ensure

February 24, 2022

Investcorp and Tanas Capital have co-invested approximately $17.5 million in India-based V-Ensure Pharma Technologies.   The Bahrain-based alternative investment firm…

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Regulation, Risk & Compliance

Dubai’s Mashreq Bank could sell its payments business – and it may not be the only one

February 24, 2022

Mashreqbank is exploring a sale of its payments business in a deal that could value the division at around $500…

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FinTech

The way forward for digital banking in the UAE

February 24, 2022

The Covid-19 pandemic has undoubtedly accelerated digital transformation measures across industries – and the banking sector is no exception.  …

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Hedge Funds & Alternative Investments

Shipsy raises $25mln in new funding round, eyes Middle East expansion

February 24, 2022

Shipsy, a SaaS-based logistics management platform provider, has raised $25 million in a Series B round.    The funding was…

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Executive Moves

Saudi government hires media veteran

February 23, 2022

Saudi Arabia’s Ministry of Media has hired industry veteran Nicolla Hewitt, adding her to its list of consultants that help…

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Comment & Analysis

73% of Saudi Arabia's HNWI's want to buy a new home in the next 12-months

February 23, 2022

73% of HNWI's in Saudi Arabia are planning to buy a second home over the next 12-months, according to Knight…

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Financial Results

Results of Qatar Islamic Bank ordinary & extraordinary AGM on 22 February 2022

February 23, 2022

The Ordinary & Extraordinary Assembly General Meeting of QIB shareholders, which was presided over by QIB Chairman H.E. Sheikh Jassim…

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Hedge Funds & Alternative Investments

Saudi SABB signs $693mln financing facility for Riyadh mall

February 23, 2022

The Saudi British Bank (SABB) has signed a project financing agreement with Nesma & Partners Contracting Company Ltd. worth 2.6…

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