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Category :Banking

Business Companies Financial Services GCC Insurance Mergers and Acquisitions

Medgulf Buys Buruj Coop Insurance for $155.84 Million

Global Business Magazine July 28, 2025

Marking a significant consolidation move in Saudi Arabia’s insurance sector, Buruj Cooperative Insurance has agreed to merge with the Mediterranean and Read More

Banking Companies Earnings GCC

Income of Two Dubai-Based Banks Surge in H1 2025

Global Business Magazine July 24, 2025

Reflecting strong growth momentum, two Dubai Financial Market-listed banks - Emirates NBD and Emirates Islamic – on Thursday reported a surge in their Read More

Companies Banking Earnings GCC

FAB Posts Net Profit of $2.89 Billion in H1 2025

Global Business Magazine July 24, 2025

Despite the step-up in corporate tax, the net profit of First Abu Dhabi Bank (FAB) rose 26% y-o-y to $2.89 billion during the first Read More

Earnings Banking Banks Companies GCC

Ajman Bank Reports Profit Before Tax of $72.42 Million

Global Business Magazine July 23, 2025

Ajman Bank announced a profit before tax of $72.42 million for the first half of 2025, a 14% increase compared to the same period in 2024, Read More

Banking ASEAN Companies Mergers and Acquisitions

Cambodia’s Banking Sector Ripe for Consolidation

Global Business Magazine July 22, 2025

The banking sector in Cambodia, which is highly fragmented with several small banks facing high operating costs, making it ripe for consolidation, Read More

Banking Companies GCC Loans World

Africa Finance Corporation Secures Loan From UAE Banks

Global Business Magazine July 22, 2025

Africa Finance Corporation (AFC), which is Africa’s leading infrastructure solutions provider, has secured an inaugural Sustainability-Linked Term Loan Facility of $255 million Read More

Banking Companies Earnings GCC

QIIB’s Net Profit Rises to $189.18 Million

Global Business Magazine July 21, 2025

Qatar International Islamic Bank's (QIIB) net profit has increased by 5.2% in H1 of 2025, reaching $189.18 million, compared with $179.83 for the same period last Read More

Banking ASEAN Companies Funding Investments

Maybank and SCCCI to Collaborate on Cross-Border Business

Global Business Magazine July 18, 2025

The Singapore Chinese Chamber of Commerce & Industry (SCCCI) and Maybank Singapore Limited (Maybank) have signed a Memorandum of Understanding (MOU) to strengthen Read More

Companies ASEAN Banking GCC Loans

DIB Joins in $1.85 Billion Sovereign Financing to Olam Agri

Global Business Magazine July 17, 2025

Dubai Islamic Bank (DIB), the world’s first Islamic bank and the largest in the UAE, has announced its participation, alongside a Read More

Banking blockchain Companies Crypto World

BBVA Unveils Cryptocurrency Trading in Spain

Global Business Magazine July 16, 2025

Cryptocurrency trading is catching up with the European banking sector as Spanish bank BBVA has unveiled its cryptocurrency trading and custody service Read More