UAE banks to see significant credit growth from Q1 2022: Central Bank of UAE survey
The UAE’s banks are expected to see a significant increase demand for both corporate and personal loans in 2022, according…
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Jordan's Arab Bank records 61% surge in 2021 profit
Arab Bank, Jordan's biggest lender, reported a 61 per cent surge in its 2021 net profit, as net interest and…
‘Kuwait Sovereign’ one of 4 wealth funds in GCC
The Kuwaiti Sovereign Wealth Fund was one of the four sovereign wealth funds in the Gulf Cooperation Council countries and…
Deloitte: CEO optimism in GCC's construction sector bounces back
Deloitte recently conducted its annual survey of chief executives in the GCC construction industry. Middle East-based Deloitters Jaimi Raikundalia, Nishant…
UAE's biggest bank FAB is riding the perfect storm of growth
The US Fed Chairman Jerome Powell has ratcheted up the intensity on upcoming interest rate hikes, with markets already pricing…
UAE largest bank achieves record profit
The UAE's largest bank, First Abu Dhabi Bank (FAB), said on Thursday it scooped record annual net profit of $3.4…
Dubai third globally in attracting greenfield foreign direct investments
Dubai continued to maintain its leadership position among the world's preferred destinations for foreign direct investment (FDI), attracting AED15.9 billion…
Dubai's super-luxury property prices now start at Dh75m
The real estate theme for 2021 was certainly the exponential rebounding of Dubai’s uber-luxury residential market, with Knight Frank previously…
Citigroup Is Hiring Across Gulf, Awaits Another Record IPO Year
Citigroup Inc. is boosting its presence in the Gulf region as it expects activity including initial public offerings to reach…
Fawry tops the acceptance segment through its comprehensive "Fawry Accept" solutions bundle
Fawry for Banking and Electronic Payment Technology led the digital payments scene in Egypt through a series of substantial successes…
Arab Bank Group net profit up 61% to $314.5m
Arab Bank Group reported a net income after tax of $314.5 million for 2021, compared with $195.3 million in 2020,…
AML UAE launches Anti-Money Laundering Consulting Services in UAE
AML UAE has launched Anti-Money Laundering Compliance services in UAE to help Financial Institutions and Designated Non-Financial Businesses and Professions…