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MENA Economic Outlook Hinges On Continued Reforms, Says NBK Research

Banking - Published date: .

National Bank of Kuwait NBK Research said that the GCC and Egypt’s economic growth and public finances improved in 2... Read more

SABIC Has No Plans To Take Over Clariant, Investment Is Strategic

Banking - Published date: .

The Chief Executive Officer of SABIC said that the company has no interest in taking over Clariant after the petrochemi... Read more

Turkey Plans To Move Central Bank, Treasury Units To Istanbul

Banking - Published date: .

Turkey plans to commence transferring some units of its central bank and Treasury to Istanbul from the capital Ankara b... Read more

UAE Islamic Banks See Slower Financing Growth

Banking - Published date: .

UAE Islamic banks’ financing growth continued to fall with varying degrees in 2018 and was in line with conventional ... Read more

Abu Dhabi Islamic Bank Q2 2019 Net Profit Up 10 Per Cent

Banking - Published date: .

Abu Dhabi Islamic Bank (ADIB) posted a net profit of AED 630.1 million in Q2 2019, a 10 per cent increase compared to t... Read more

Brookfield Plans To Acquire A Stake In Meraas Retail Venture

Banking - Published date: .

Brookfield Asset Management is exploring a purchase of a stake in a new company that will hold some of Dubai property d... Read more

Chinas Vice Premier, Sinopec To Meet Saudis Energy Minister

Banking - Published date: .

China’s Vice Premier Han Zheng and other officials and executives from China Petrochemical Corporation (Sinopec), Chi... Read more

Noor Banks Net Profit Up 29 Per Cent In H1 2019

Banking - Published date: .

Noor Bank has posted a net profit of AED 410 million in H1 2019, a 29 per cent increase compared to the same period las... Read more

SoftBank CEO Takes More Control In New $108 Billion Vision Fund

Banking - Published date: .

SoftBank Group’s founder Masayoshi Son unveiled a second enormous fund for technology investments, seeking to keep hi... Read more

BB+ Ratings Affirmed For Oman, Outlook Stable

Banking - Published date: .

Fitch Ratings has affirmed its BB+ long-term foreign-currency issuer default ratings (IDR) of Oman with a stable outlo... Read more

Clariant, SABIC Suspend JV Talks

Banking - Published date: .

Clariant and its top shareholder, SABIC, have suspended joint venture (JV) talks, amid the unexpected departure of Clar... Read more

Kuwait, Saudi Arabia Plan To Resume Neutral Zone Oil Production

Banking - Published date: .

Saudi Arabia and Kuwait are considering resuming oil production in jointly operated fields in the Saudi–Kuwaiti Neutr... Read more

Turkish Central Bank Cuts Interest Rates By 425 Basis Points

Banking - Published date: .

The Turkiye Cumhuriyet Merkez Bankasi (TCMB) has slashed its benchmark policy rate, the one-week repo rate, by 425 bas... Read more

ECI Partners With Three Chinese Financial Institutions To Boost Trade

Banking - Published date: .

Etihad Credit Insurance (ECI) has signed partnership agreements with China Export and Credit Insurance Corporation (SIN... Read more

Emirates NBD Plans To Expand Its Saudi Arabia Footprint

Banking - Published date: .

Emirates NBD plans to expand its Saudi Arabia footprint, following approval from the Saudi Arabian Monetary Authority (... Read more