Saudi Arabia's Capital Market Authority (CMA) has granted a licence to Citi, a financial services major, to provide services in the kingdom.
The business will be branded Citigroup Saudi Arabia and will provide a full range of
The first branch of the UAE Foodbank opened today in the Al Quoz area in Dubai.
At the opening, Her Highness Sheikha Hind bint Maktoum bin Juma Al Maktoum, the chairman of the UAE Foodbank Board of Trustees, said: “I am extr
BBK, a leading retail bank in Bahrain, has announced a net profit of BD56.4 million ($149.60 million) attributable to owners for the financial year ended December 31, 2016.
The net profit is 6 per cent higher compared to the previ
Emirates Investment Bank (EIBank), an independent private bank based in the UAE, today announced a net profit of Dh33.89 million ($9.23 million) for 2016, up 20.5 per cent from Dh28.13 million ($7.66 million) in 2015.
Operating income w
Barwa Bank, a leading Shariah compliant bank in Qatar, recorded a net profit of QR738.8 million ($202.89 million) for 2016. Earnings per share rose to QR2.49, the bank said.
The financing portfolio increased by 4.5 per cent from last ye
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, posted a net profit of Dh106 million ($28.86 million) for 2016.
Total Income for 2016 (net of customers’ share of profit and distribution to suk
Dubai-headquartered CBI, a well-established corporate and retail bank, has appointed Hessa Al Ghurair as its head of corporate social responsibility (CSR).
Al Ghurair, who is also CBI’s chief human resources sfficer, will de
Bank ABC (Arab Banking Corporation) has reported a consolidated Group net profit of $183 million for the year 2016, 2 per cent higher compared to a profit of $180 million reported for the previous year.
Overall during 2016 the gro
Dubai-based Mashreq Bank reported a net profit of Dh1.9 billion ($520 million) for the year ending on December 31, 2016.
Witnessing a stable growth, Mashreq’s operating income rose 3.2 per cent year-on-year to Dh6.2 billion
Al Salam Bank-Bahrain has entered into a partnership with Bahrain national carrier Gulf Air, allowing the bank’s visa credit cardholders to earn miles on their everyday purchases that can directly be redeemed towards carrier's Falconfl