Dubai-based company setup firm expands operations in Saudi Arabia
Pro Partner Group, a Dubai-based company specializing in company formations, has expanded its operations in Saudi Arabia. It was…
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Saudi British Bank swings to $245mln Q2 net profit
Saudi British Bank (SABB), an affiliate of HSBC Holdings, swung to a net profit of 919 million riyals ($245 million)…
Investcorp swings to profit, N.American PE fund raises $1bln
Manama-based Investcorp on Wednesday posted a net profit of $124 million for its financial year ending June 30, rebounding from…
Dubai Islamic Bank raises foreign shareholding limit to 40%
Foreign investors can pick up to 40 per cent in Dubai Islamic Bank, which has received clearance from the UAE…
Standard Chartered H1 profit surges on strong business momentum
Standard Chartered Bank in Africa and Middle East region reported on Tuesday a 37 per cent year-on-year surge in profit…
UAE Financial Intelligence Unit in pact with China counterpart
The UAE Financial Intelligence Unit (FIU) has signed a Memorandum of Understanding (MoU) with the China Anti-Money Laundering Monitoring and…
Kuwait Finance House Q2 profit more than triples
Kuwait Finance House, a Sharia-compliant bank, said on Tuesday net profit for the second quarter more than tripled due to…
What’s Next for ESG?
Whether you’ve read about it or heard about it, it is no news that ESG-oriented investing and strategies have recently…
Family offices in EMEA region focus on ESG investing, shy away from cryptocurrency
In Europe, the Middle East and Africa (EMEA), family offices are ahead of their global counterparts on environmental, social and…
ila Bank accelerates customer onboarding using the national eKYC platform
Reflecting its ongoing mission to listen to, understand and act on customer needs, ila Bank, Bahrain’s trailblazing digital, mobile-only bank,…
Saudi lenders report strong profit growth amid economic recovery
Four Saudi lenders on Sunday reported strong second-quarter profit growth as the Arab world's biggest economy continues to recover from…
Gassan Al-Kibsi and Nader Haffar in board of new Dubai chamber
Dubai’s government has announced the members of its newly established Dubai International Chamber, appointing two leaders from the consulting industry:…