Acquisition of Planet Pharmacies and growth in segment ops led to growth.

Lebanese expatriates in 48 countries including France and the United Arab Emirates voted Sunday ahead of the May 15 parliamentary elections, state media reported.

Salaries in Britain's financial sector have surged in recent months, widening inequality amid the nation's cost-of-living crisis, a study showed Wednesday. Average monthly pay in the industry jumped 31 percent in February from December 2019, propelled by high-earners, the Institute for Fiscal studies (IFS) said in a report. The performance,...

The Emirates Development Bank (EDB) has restated its commitment to financial inclusion in the UAE with a range of financial solutions and services that enhance the profitability of the country’s SMEs and startups. On the occasion of Arab Day for Financial Inclusion, which is celebrated on April 27 of each...

United Nations Relief and Works Agency for Palestine Refugees (UNRWA) is facing a financial implosion for the last 10 years, which could cause an interruption or end of services to five million refugees.

Online payments giant Stripe on Friday said it will start letting Twitter stars get paid in a dollar-pegged form of cryptocurrency in the latest endorsement of digital money.

Al Seer Marine and BGN International sign the $134 million financial transaction.

Child vaccination rates in Lebanon have dropped by more than 30 percent, compounding a health crisis marked by drug shortages and an exodus of trained professionals, the United Nations said Wednesday.

The Saudi Central Bank, or SAMA, has launched licenses for consumer microfinance operations in the Kingdom. This follows the bank’s announcement of the third license for a consumer microfinance company in the Kingdom, Sulfah. Microfinance targets individuals and small businesses, including self-employed people, who may otherwise lack access to banking...

UAE and UK authorities met for a series of technical workshops in March 2022 in both Abu Dhabi and London to share information on issues of mutual concern and enable participants to better understand illicit finance risks, threats, and typologies. The workshops were held under the UAE-UK Partnership to Tackle...

The Jordan Education for Employment (JEFE) organization and the French Development Agency on Saturday signed a grant agreement worth 5 million euros to launch the "Ilhamy" (my inspiration) project.

The Dubai Financial Market (DFM) and Dubai Mercantile Exchange (DME) will jointly explore financial products opportunities following the signing of an agreement, which will cater to DFM’s large and diversified investor base of over 852,000 investors. As the first initiative under this agreement, the two exchanges are planning to create...

Palestinian National Authority has urged the European Union to overcome technical and other obstacles and resume financial support for the Palestinian Authority in light of the decline in international aid during the past years. This was discussed at a meeting between European Union’s Commissioner for Neighborhood Policy and Enlargement Oliver...

Five Chinese companies have been ordered to comply with audit requirements by the US Securities and Exchange Commission (SEC) or face delisting from Wall Street. The initial group of companies named on a list published by the SEC on Thursday, could soon be followed by all Chinese companies listed in...

Masdar City and Mashreq Bank have signed a Memorandum of Understanding (MoU) to provide financial services to Small and Medium-sized Enterprises (SMEs) and start-ups based in the city. This will include easy access to NeoBiz, the bank's first digital banking platform designed specifically for start-ups and SMEs. The MoU was...

Spain's former king Juan Carlos said he will stay in Abu Dhabi despite the closure of investigations into his financial dealings that led to his self-imposed exile in the UAE, the Spanish royal family announced on Monday. "For now, I prefer for personal reasons which concern nobody but myself, to...

The government of the UAE has worked with the UK government to launch a toolkit to support financial institutions in tackling illicit financial flows in Illegal Wildlife Trade (IWT). Ahmed Ali Al Sayegh, UAE Minister of State, has partnered with UK Minister Lord Tariq Ahmad of Wimbledon to launch the...

From his shock detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga of former Nissan boss Carlos Ghosn has grabbed headlines worldwide.

The company has already paid $500m in quarterly dividends.

Companies holding the license will be able to work within a stimulating environment at the DIFC Innovation Hub.

Bahrain-based Islamic investment bank GFH Financial Group intends to list on the Saudi stock exchange, Tadawul, and Abu Dhabi Securities Exchange, ADX, according to media reports.

Artificial intelligence and machine learning are stirring as much of a concern about job security as they are steering efficient outcome strategies.

Fully owned by Al Faisaliah Group, Tibbiyah is a leading healthcare provider in Saudi Arabia and the region.

Total revenue nearly doubles to reach $99.5m in 2021.

The UAE has announced that it will  allow cooperative associations to trade their shares in financial markets, according to media reports.

The investment spans several sectors including e-commerce, financial technology, education and transportation

Dubai International Financial Centre (DIFC) has reported its best annual performance to date, recording its highest ever annual revenue and operating profit besides the highest ever company registrations. DIFC said it achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021. The Centre...

The offer comprised a total of 6.3 million shares.

The company's profit in 2020 was $16.20 million.

The company's revenue rose 30 percent to $452 million in 2021.

Qatar Industrial Manufacturing Co. has reported a net profit of  $38m for 2021 in comparison to net profit of $23m for the same period of the previous year.

University expenses are now beyond the reach of most Lebanese students, with their country in the throes of a financial, political and health crisis that has ravaged its economy.

Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January 2022, with Saturday and Sunday as the universal weekend. ADGM said in a statement that the new working week brings the emirate's business community and financial sector closer to global...

The Emirates Health Services (EHS) is looking to upgrade executive and financial regulations and ways to develop the capabilities of health cadres and proactive and integrated health services.

Governor of Central Bank of Iraq called on his Turkish counterpart, to "provide facilities to Iraqi banks in a way that facilitates the settlement of the trade balance between the two countries.”

The United Arab Emirates and Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the former to invest in a variety of high-yielding financial products, according to media reports.

The Central Bank of the United Arab Emirates has decided to gradually do away with all the stimulus measures introduced in the wake of the outbreak of the Covid infection in the country.

Moody’s, the bond credit rating firm, has upgraded the Baseline Credit Assessment (BCA) of Saudi Arabia’s stc, saying it has maintained “very strong financial metrics.

If the Lebanese were expecting a measure of relief from the new Mikati government, they were badly disappointed. The government hiked the price of gasoline, cutting a subsidy that Prime Minister has said the country cannot afford.

The CEO of the UAE-based Shuaa Capital has bought 57, 966, 523 shares in the financial firm, taking his personal stake close to 30 percent in the company.

In a sign of economic rebound in Saudi Arabia, banks in the kingdom are reporting better than expected financial results for the second quarter, after a slump in business during the Covid pandemic.

Group CEO says the bank geared towards benefitting from the re-opening of the Dubai economy post Covid-19 pandemic.

If the Saudi Central Bank’s (SAMA) plan to increase the number of locals working in the financial sector succeeds, it could end up creating nearly 200,000 jobs for Saudi citizens.

*Sheikh Hamad feels it is the only way to take on US and Chinese globally *He is one of the German lender’s largest shareholders Qatari investor in Deutsche Bank AG, Sheikh Hamad bin Jassim bin Jabor Al Thani, has appealed to European financial services to merge in order to take...