Turkish central bank seen to halt easing after currency fall
Turkey’s central bank is expected to hold its policy rate steady at 14% next week, a Reuters poll showed on…
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Continued foreign assets drop could pressure Egyptian bank VRs
Fitch Ratings-London: Egyptian banks’ Viability Ratings (VRs) could come under pressure if the banks’ foreign assets continue to drop, Fitch…
Fitch revises Bank Muscat's outlook to Stable
The rating actions follow the similar action on Oman's sovereign rating on 20 December 2021 (see "Fitch Revises Oman's Outlook…
Saudi Arabia, UAE better placed than UK, Germany for AI innovation: report
Saudi Arabia and the UAE are uniquely placed to drive artificial intelligence innovation post-coronavirus pandemic, a new report has revealed.…
Hong Kong single family office expands to Dubai
Tsangs Group ihas announced that we thay expanding into Dubai with the approval by the Dubai Financial Services Authority. T…
Top 10 Largest Banks in the Middle East and Africa
We take a closer look at 10 of the largest banks in the MEA region, ordered my assets in 2021.…
Qatar International Islamic Bank retains A credit rating from Moody's
The American credit rating agency Moody’s has given Qatar International Islamic Bank a top rating for its performance during the…
UAE-based Century Financial to invest $100m in J&K on hotels, residential complex
The Chairman of UAE’s Century Financial, Bal Krishen, recently signed an agreement with the government of Jammu & Kashmir to…
Fitch Revises National Bank of Oman's Outlook to Stable; Affirms at 'BB-'
Fitch Ratings has revised National Bank of Oman SAOG's (NBO) Outlook to Stable from Negative and affirmed the bank's Long-Term…
Qatar National Bank records profit but ‘remains on alert’
Qatar National Bank, the biggest financial institution in the gulf region, has signaled caution by “boosting money set aside in…
First Abu Dhabi Bank appoints a group Chief Operating Officer
First Abu Dhabi Bank has appointed Suhail Bin Tarraf as group chief operating officer He joins from Emirates Islamic…
GCC investors purchased 1% of EU’s issued bonds for Europe’s recovery: official
The European Commission hopes to attract more GCC investors and financial institutions to fund its €800 billion NextGenerationEU programme, than…