With entrepreneurship in the region witnessing an unprecedented boom, funding options are also on the rise.
ICBC ME posted a pre-tax profit of $36 million in the first half of the year, up 157 per cent from H1 2011.
The money will be placed in the Yemeni central bank and will support the country’s economic recovery, a Yemeni minister said.
Mohamed Mursi confirms there will be no new taxes and will look to investment to fix the country’s economy.
Jordan’s largest lender has elected Sabih al-Masri to head the bank after the sudden resignation of Abdel Hamid Shoman.
Meet the exceptional young people who are re-inventing the MENA region.
Saudi Arabia’s banks post bumper profit growth and lead the region’s banking recovery.
The National Bank of Abu Dhabi comes highest in the region for world’s safest banks; Europe take top five spots.
Couple abducted after Lebanese army steps up security as kidnap threats target Gulf visitors.
BoP will launch its Dubai office in 2013 to serve 200,000 Palestinians.
The region’s banks witnessed a moderate recovery last year with continued overall gains expected for 2012.
Higher GCC banking profitability was driven by improvement in margins, faster asset expansion and expanding fee income in 2011.
The top 50 banks’ consolidated assets grew by a higher 9.1 per cent in 2011 to $1.2 trillion, compared to 6.8 per cent in 2010 and four per cent in 2009.
The country made a formal loan request to the International Monetary Fund during a visit to Cairo by IMF chief Christine Lagarde.
Banks in the region are benefiting from high profit margins and government support, says new report.
Hikma Pharmaceuticals delivers a strong first half performance in 2012.
Regional dairy producer is approaching the international market and commencing production of camel milk products.
The UAE, Saudi Arabia and Qatar have all told their residents to leave the country amid threats of kidnappings.
The Egyptian investment bank posted a net profit of $4.4 million as revenues from its brokerage operations declined.
The Dubai-based airline will begin operating flights to Tripoli from October 29.
The Aden refinery resumed production after halting operations for nine months because of attacks on the country’s main oil pipeline.
Two of Cairo’s most highly-ranked generals have been told to step down from their positions, on orders of the president.
Sales and marketing managers take home the region’s highest pay packets
The Gulf state is aiming to provide a much needed boost to support Egypt’s declining economy.
Carriers in the region saw passenger demand increase by over 18 per cent year-on-year in June, says IATA.
A $3.2 billion loan from the International Monetary Fund will help Egypt handle a balance of payments crisis.
Saudi Arabia led the region’s M&A activity in July with two mega deals, followed by Jordan and Oman.
Gulf Business takes a look at the region’s coolest offices:
The Jordanian bank saw increased profits due to lower provisions and a rise in operational income.