Mr. Massaad Fares – Chairman – Legacy Central
1. Amid the current turmoil the country’s economy is passing through, why is it a good time to invest in real estate in Lebanon? Real Estate in Lebanon has always […]
Economic Growth Not Enough without tackling Inequality
The past few weeks witnessed demonstrations and social uprisings in the United States of America and many other western developed countries. Racial equality was at the main demand of these […]
Being The Leading Islamic Bank In Oman Bank Nizwa Share Its Expertise In Aaoifi Islamic Finance Virtual forum 2020
Muscat, Sultanate of Oman – Acknowledging the need to battle the repercussions of COVID-19 and extend support to others in the industry, Bank Nizwa participated in the online Islamic Finance […]
Banque Du Cairo launches internet banking, awaits mobile banking licence nod
Egyptian state-run lender Banque du Caire launched Thursday the internet banking for individuals and it would be launching the same product for corporates within days, according to Chairman and CEO […]
United Nations resident Coordinator office signs letter of agreement with Islamic corporation for the development of the private sector (ICD)
On Thursday 23, April 2020 Mrs. Nathalie Fustier from The United Nations Resident Coordinator in the Kingdom of Saudi Arabia (KSA) and Mr. Ayman Sejiny, the CEO of the Islamic Corporation for […]
QIIB announces its results for the first quarter (Q1-2020)
QIIB Chairman and Managing Director, His Excellency Sheikh Dr. Khalid bin Thani bin Abdullah al-Thani announced the bank’s financial results for the first quarter (Q1) that ended on March 31, […]
BRI: Chinese firms eye overseas acquisitions amid COVID-19 outbreak
Chinese companies are likely to aggressively look out for acquisitions or investing in strategic technologies/assets, and promising sectors in foreign locations as many companies globally are witnessing a fall in […]
Gulf banks could see second wave of mergers after pandemic dust settles
The impact of the novel coronavirus on the global economy is growing and continues to shock the markets in unprecedented ways. On April 20, we have seen US crude oil […]
Saudi banks stable despite oil price drop
Saudi banks are expected to have enough capital to weather the economic stress created by the coronavirus pandemic. The ratings agency which assesses the creditworthiness of countries and companies believes […]
Crédit Agricole Egypt Q1 consolidated profits plunge 36.5%
Crédit Agricole Egypt (CIEB) announced a 36.5% year on year (YoY) decline in net consolidated profits during the first quarter (Q1), according to an EGX disclosure. The bank registered EGP […]
Nine Emirati companies among world’s largest
The 18th annual ranking of the world’s 2,000 largest public companies by Forbes included nine Emirati companies, topped by First Abu Dhabi Bank (FAB), ranked at 303. The FAB achieved […]
COVID-19: Global insurance industry set for historical losses – Lloyd’s
The global insurance industry is set for historical losses due to the impact of the COVID-19 pandemic on the sector, a recent economic study undertook by Lloyd’s of London to […]
China grants Fitch Ratings approval for domestic ratings business
The National Association of Financial Market Institutional Investors had given its approval for Fitch (China) Bohua Credit Ratings Ltd to conduct bond ratings China’s central bank said on Thursday that […]
Oman’s Ahli Bank extends support to ‘Fak Kurba’
Ahli Bank has extended financial support, for the seventh year in a row, to the ‘Fak Kurba’ initiative implemented by the Oman Lawyers’ Association (OLA) in coordination with the Ministry […]
Central Bank of Bahrain’s new board holds first meeting
The new-look Central Bank of Bahrain (CBB) board held its first meeting since it was restructured. Chaired by Hassan Khalifa Al Jalahma, the panel extended thanks to the outgoing board […]
Saudi NCB, Samba post profits, diverge on provisions
National Commercial Bank, Saudi Arabia’s biggest lender, on Sunday posted a 2.1% rise in quarterly profit despite higher provisions while Samba Financial Group 1090.SE surprised with lower provisions. Net profit […]