Gulf states must revive plans for a common currency
In these past 40 years, the Gulf states have achieved significant progress on economic cooperation, starting with the abolition of…
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Some investors turn cautious on Egypt's lucrative carry trade
Some foreign investors are becoming cautious about buying domestic Egyptian treasuries due to jitters over emerging markets and the sustainability…
Commercial Bank of Dubai PSC's investors will be pleased with their 3.6% return over the last five years
Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some…
Dubai Islamic Bank launches Rabbit 'FunTech' app aimed at tech-savvy customers
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender, launched Rabbit, a “fun” digital offering that seeks to attract more technology-savvy…
SAIB's board recommends highest dividend since 2016; 33% capital hike
The board of Saudi Investment Bank, known as SAIB, has recommended its highest cash dividend since 2016, at SR0.7 per…
Kuwait's National Real Estate sells stake in Iraq unit for $15mln
Kuwait's National Real Estate Company (NREC) said it has sold its entire shares in a subsidiary in Iraq for 4.54…
Al Baraka Islamic Bank Receives Double Recognition at the IRBA 2021
Al Baraka Islamic Bank has recently received double recognition from the 7th Islamic Retail Banking Awards (IRBA) 2021, which include…
Gulf sovereigns seen issuing less in 2022, corporate bond sales to rise
Overall debt issuance from the Gulf is expected to decline next year, as sovereigns issue less bonds due to improved…
BNY Mellon, SNB Capital data service to help investors in KSA manage big bets
Saudi Arabia’s SNB Capital and BNY Mellon, the oldest bank in the US, have deepened their partnership to launch a…
EY beefs up MENA management consulting division with PACS
EY has beefed up its consulting practice in the Middle East with the acquisition of Dubai-based management consultancy Pinnacle Advisory…
KPMG strengthens senior Advisory team with five new partners
KPMG Lower Gulf has in the past weeks appointed five new partners in its Advisory division, three of which have…
Dubai-based Mondial debuts joint venture with French financial consultancy
Mondial (Dubai) and Paris-based Buisson Assurances has officially launched a joint collaboration under the name of Buisson Mondial SAS. …