Banking & Finance

CBUAE first Central Bank in region to sign Statement of Commitment to FX Global Code

This code promotes integrity, transparency, and fairness in the wholesale foreign exchange market practices

Standard Chartered boosts investment in Futuremakers Women in Tech program across Africa, Middle East and Pakistan

Over three years, 400 women entrepreneurs will receive support to build thriving micro businesses and create jobs

Saudi Arabia’s private equity transactions hit $2.8 billion across 15 deals in 2024: Report

Growth-stage investments accounted for 67 percent of total transactions in 2024, up from 43 percent in 2023

PIF, Goldman Sachs Asset Management to partner on investments in Saudi Arabia and GCC

PIF will act as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider GCC region

Dubai’s Salik posts $626.2 million in revenue for 2024, 8.7 percent YoY increase

Revenue-generating trips reached 498.1 million for the year, up by 8 percent YoY

Saudi Arabia’s Aramco reports $106.2 billion net income for 2024

Company's board declared a base dividend of $21.1 billion for the fourth quarter of 2024, a 4.2 percent annual increase

Saxo Bank reports record-breaking 287 percent surge in profit to $146 million in 2024

Saxo Bank experienced sustained growth and reached a record of almost 1.3 million clients by the end of 2024

MENA startups raise $494 million across 58 deals in February, up 371 percent 

Startups in Saudi Arabia raised $250.3 million across 25 deals last month, leading the region in fundraising

Saudi Arabia leads GCC fixed income market growth, raising $79.5 billion through 79 issuances in 2024

UAE-based issuances ranked second, with $38.5 billion through 109 issues, representing 26 percent of the market

Türkiye’s inflation eases to 39.05 percent in February, raising rate cut bets

As inflation continues to decelerate, the central bank is widely expected to deliver another 250 basis-point cut this week

SC Ventures, Visa partner to support MENA region’s SME growth and innovation

Collaboration aims to provide SMEs with the solutions they need to support their long-term growth

Flynas, Bank AlJazira ink $132 million aircraft financing deal for 3 new Airbus A320 NEOs

More than 100 aircraft expected to be added in flynas fleet over the next five years

Jaywan, UAE’s first domestic card scheme to be activated locally and globally: CBUAE

Jaywan offers secure, efficient payments, reducing costs, supporting growth, and promoting inclusion

MENA M&A activity grows 7 percent to $92.3 billion in 2024: Report

The UAE reported the MENA region’s largest M&A deal of the year worth $12.4 billion

UAE’s February Islamic treasury sukuk auction attracts bids worth $1.93 billion

The success is reflected in the attractive market-driven prices, with a yield to maturity of 4.18 percent for the tranche maturing in August 2028

Egypt’s financial inclusion rate soars to 74.8 percent, 52 million citizens now use transaction accounts

This increase results from CBE's collaboration with banks and stakeholders for economic empowerment across society

Saudi Arabia raises $2.36 billion in euro-denominated bond issuance with debut green tranche

The total order book reached around 10 billion euros, which equals an oversubscription of 4 times

Saudi Arabia announces Ramadan 2025, Eid operating hours for banks

Banks will be available to the public from 10 a.m. to 4 p.m. throughout the fasting month

Qatar’s tax authority launches 100 percent financial penalty exemption initiative to foster business growth

To qualify, companies must register on the Dhareeba Tax Portal and ensure that all taxpayer data is updated

Abu Dhabi’s e& posts $2.9 billion in net profit in 2024, up 4.3 percent YoY

Consolidated revenues reached $16.1 billion, driven by expansion across all business verticals

Emirates NBD to acquire remaining 0.11 percent stake in Emirates Islamic Bank for $19 million

Following the deal, Emirates NBD will commence the process of canceling the listing of Emirates Islamic Bank shares from the DFM

Qatar and Portugal partner to boost startup ecosystems, drive investment growth

Partnership aims to enhance cross-border opportunities, knowledge exchange and business growth for startups in Qatar and Portugal

UAE: FTA registers intellectual property for ‘Muwafaq’ package

The package aims to boost innovation in taxes, enhancing SME empowerment and tax compliance