Alvarez & Marsal releases UAE banking pulse for Q3 2021
While asset quality improves and risk costs decline, banks remain cautious on new loan originations Impact of cost efficiency measures…
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Burgan Bank announces successful completion of its capital increase
Burgan Bank has announced that it has successfully completed its capital increase of KD 71.25 million, to support its business…
Bahrain Launches Investment Platform Enabling Investor Access to Investment Opportunities in The Kingdom Strategic Projects Valued Over USD30 Billion
The Economic Development Board has announced the launch of the investment platform invest.bh that allows investors to access investment opportunities…
Qatar among the biggest adopters of cloud in region
Companies, especially the small and medium enterprises (SMEs), are moving towards embracing cloud solutions due to its several advantages. Qatar…
Jadwa Investment revises up Saudi GDP growth in 2022, expects budget surpluses till 2023
Saudi investment bank, Jadwa Investment, revised its forecast for Saudi Arabia's GDP growth next year, while it expects the Kingdom's…
HSBC expects Qatar to continue strong economic growth
HSBC’s Global Economic Outlook virtual roadshow came to Qatar, with over a 100 of HSBC’s clients attending the online event. …
Saudi banks' investments in gov’t bonds exceed $126bln in October
The banks operating in Saudi Arabia have invested SAR 474.39 billion in government-issued bonds in October 2021, up 9.9% year-on-year…
Egypt to issue $604m of treasury bonds
The Central Bank of Egypt will issue 9.5 billion Egyptian pounds ($604.3 million) in treasury bonds on Monday to finance…
16 more fintech firms enter Saudi market in Q3 of 2021
Saudi Arabia issued licenses to 16 fintech companies in the third quarter of 2021, Sabq quoted Saudi Central Bank governor…
Saudi British Bank Unveils Trade Finance Tool
Saudi British Bank (SABB) has unveiled a Shariah-complaint supply chain finance tool, billed as the first of its kind in…
Qatari group Masraf Al Rayan gets new chairman
Masraf Al Rayan, a leading Qatari group involved in banking, financing and investing activities, has appointed Sheikh Mohammed bin Hamad…
Dukhan Bank reports QR900m net profit for Q3
Dukhan Bank has reported a net profit of QR900m for the third quarter of the year (Q3 2021), an increase…