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Kuwait’s banking sector posts ‘solid credit growth’ in OctoberKuwait’s banking sector experienced solid credit growth in October driven by household credit, said National Bank of Kuwait’s Economic Research Department. Domestic credit increased by a solid More… |
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UAE's banking net international reserves up 8.1pc in H1Net international reserves of the UAE’s banking sector increased by 8.1% during the first half of the year , reaching AED1.238 trillion ($337 billion) at the end of June, compared to AED1.145 trillion at the end of the same perio More… |
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ICD posts record $84bn revenue for FY2023; net profit up 68pcInvestment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, has delivered solid results for the third consecutive year generating record revenues of AED310.2 billion ($84.4 billion) for the FY 2023, up 16% ove More… |
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ICD posts record $84bn revenue for FY2023; net profit up 68pcInvestment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, has delivered solid results for the third consecutive year generating record revenues of AED310.2 billion ($84.4 billion) for the FY 2023, up 16% ove More… |
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Crealogix and Tuum forge alliance to transform bankingCrealogix, a leading Fintech company headquartered in Switzerland, and Tuum, a leading next-generation core banking provider, have partnered to revolutionise the banking and financing landscape in the GCC region. More… |
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Kuwait’s banking sector witnesses robust growth in 2023Kuwait’s banking sector witnessed healthy year-on-year growth, observing notable increase across multiple identified key performance indicators such as net provision charge on loans, capital adequacy ratio, and coverage ratio on stage 3 More… |
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NBB Q4 net profit up 16% to $53.3mNational Bank of Bahrain (NBB) has reported a 16% increase in its net profit attributable to shareholders to BD20.1 million ($53.3 million) for the fourth quarter ended 31 December 2023, compared to BD17.3 million ($45.9 million) in the same p More… |
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AI will not ‘take all jobs nor end civilisation’Artificial Intelligence will not take away all the jobs nor will it end civilisation, says SAS, a leader in analytics. “Generative AI technology does a lot of things, but it can’t do everything. In More… |
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ADCB plans Saudi expansion with Riyadh branchAbu Dhabi Commercial Bank (ADCB) has announced plans to establish a strategic presence in Saudi Arabia to support a growing client base. ADCB has received an in-principle approval from the kingdom’s Counc More… |
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UBF and HKAB sign MoU to enhance cooperationUAE Banks Federation (UBF) and Hong Kong Association of Banks (HKAB) have signed a Memorandum of Understanding (MoU) to enhance cooperation and exchange expertise in order to support the banking and financial sector. More… |
