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Banking & Finance

Bahrain’s GFH Financial Group posts $60.75 million in H1 2024

MEA Finance - 0
Earnings per share for the January-June period rose to $1.70, up from $1.55 in H1 2023, marking a 9.7% increase
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Banking & Finance

Gulf International Bank posts $41 million in Q2 2024

MEA Finance - 0
The bank’s total assets at the end of the first half were $45.7 billion, a 3% decrease from $47.1 billion in December 2023
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Banking & Finance

Al Ansari to acquire Bahrain’s BFC Group Holdings for $200 million

MEA Finance - 0
The strategic acquisition will allow Al Ansari to expand its geographic presence and become the largest remittance and exchange in the GCC region
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Banking & Finance

Bahrain’s GFH Financial Group posts 13.03% jump in Q1 profit

MEA Finance - 0
Earnings per share for the quarter was $0.77 compared with $0.72 in the first quarter of 2023
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Banking & Finance

BENEFIT records $77.1 billion in electronic transactions in 2023

MEA Finance - 0
All Fawri+ transactions reached a volume of nearly 335 million, a 37% increase from the previous year
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Banking & Finance

AFS, Xpence partner to innovate SME finance in Bahrain

MEA Finance - 0
The alliance is poised to deliver unparalleled financial control and efficiency to Bahrain’s burgeoning SME sector
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Banking & Finance

Central Bank of Bahrain issues new ESG reporting framework

MEA Finance - 0
The framework provides listed companies with guidelines on the reporting requirements for ESG factors
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Banking & Finance

GFH Financial Group posts $78.9 million in nine-month profit

MEA Finance - 0
The group’s total assets increased by nearly 8% to reach $10.54 billion in the nine months to September 30 from $9.76 billion in December 2022
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Technology

BENEFIT acquires Bahrain Fintech Bay to foster robust fintech ecosystem

MEA Finance - 0
The partnership brings together Bahrain’s leading fintech market players to develop a more systematic and institutional framework
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Investments

Bahrain issues new licenses to expand scope of family offices

MEA Finance - 0
The regulations were developed to suit the business models of family offices that provide services to multiple wealthy families
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