credit swiss
Credit Suisse tries reassuring investors as financial fears rise
IHC
Company aims to expand its digital portfolio
VC investments
More start-ups, institutional investors choosing to reside in region
Türkiye
Turkish lira fell to a record low of 18.42 per dollar
Gulf banks
Driven by high oil prices, high interest rates, and new projects
Emaar
Abolition of minimum contribution of UAE, GCC nationals also passed
Instant payments
CBUAE also looking at improving consumer protection framework in the country
It’s world’s largest investment forum dedicated to frontier emerging markets   
Sara Al-Suhaimi
Al-Suhaimi held for 20 years senior leadership financial positions in Saudi
Distinct opportunities for GCC banks as they progress along the maturity curve
Elon Musk
Two parties scheduled to square off in court on Oct. 17
Lumina
Overall market softening heightened transactional volume of M&As
Wio
Bank said it would focus initially on SMEs
Banking
But half will not meet targeted revenue expectations
UAE
As part of the AED 9 bn T-Bonds issuance program for 2022
UAE
Cumulative credit balance amounted to AED 718.1 bn in June
ADCB
Transaction attracted $1.9 bn in orders from regional, international investors
Euromoney
"We are committed to carry out vision programs, broaden economic base"
UAECB
Investments of banks  in UAE rise by 4.3% on annual basis
Qatar
Step to contribute to the development of the fintech sector
IMF
“IMF approved 7th, 8th reviews of fund facility for Pakistan”
inflation
They are at risk of losing the confidence they built over decades
Kingdom Holding
Profits slightly increased by 3.6% in Q2 2022
Qatar
Qatar is evaluating investments in Pakistan’s main airports
Emaar
The deal is expected to close in the next 6 months
Palm Sports
Company to provide 350 world-class Jiu-Jitsu coaches across UAE
Banking fees
Investment banking fees in MENA amounted to $806 mln in H1
MAF
Driven by a steady economic recovery in retail, leisure sectors
Tamara
Funding will be used to support innovation in payment and shopping
Egypt
Trade exchange between two countries surged by $1.2 bn in Q1
Emaar
Emaar will receive the total value of the selling price in cash
Loan
The borrower may face a travel ban in the execution case
Arab banks
It surpassed the pandemic with no adverse effects on its financial balance sheets
Oman
10 bidders have been qualified to proceed to the next stage
SMEs
The beneficiaries should be members of accredited SME funds or programmes
Pakistan
IMF scheduled an Aug. 29 meeting to discuss country's loan
Payment
The move comes in response to customers’ suggestions and requirements
EFG Hermes
Group operating revenues grew by 28% Y-o-Y to EGP2.1 billion
Banks
Reflecting strength of financial solvency, high liquidity
Shuaa
Busines addressing non-cash expenses, optimisation measures
Bayzat
Fund to be used to strengthen Bayzat's technical development team
PIF
"Deal in line with Egypt's plan to encourage FDI"
Kuwait
This is the second increase in discount rates in several weeks
Profits
H1 total revenue increased 121% to AED 21.93 bn
saudi egypt
Focusing on investing in several key sectors
Banking
As of end-June, sector loans totaled 6.3 trillion lira
Tabby
The firm's total capital raised to date amounts to $275 mn
Guidelines
Regulations to manage risks related to money laundering
Assets
Assets rose 2.9% to 3.442 trillion dirhams
Ahli
AUB delivered outstanding performance and strong financial results
Financial wealth
The Boston Group: The UAE is in a very good position
Amazon
Offering reassurance to an earnings period weighed down by inflation
Bank
For failing to comply with due diligence and reporting procedures
Bank
On higher operating income, lower expenses
Secrecy
Parliament amended the original formula... Will the IMF concur?
Bank
Investments amounted to 472.7 billion dirhams
Barclays
The financing is expected to be completed within days
Agility, digitization, leadership, passion are driving forces behind exchange
Saudi
Saudi, UAE banking sectors face contrasting liquidity dynamics
Kingdom
In May, Saudi's PIF purchased a 16.87% stake in KHC
Assets
Bank deposits increased by 0.9 percent to AED2.006 trillion
The Public Investment Fund is betting on the future of the automotive and transportation
Bank
The bank announced preliminary unaudited financial results for H1 2022
EFG
The transaction follows successful advisory transactions in the GCC, Egypt
DP
Deal aims to boost trade ties with promising global markets
Musk
Twitter said it was confident the company would win the case
Twitter
The takeover deal is in "serious jeopardy"
KFH
A deal that ranks among the banking sector’s biggest this year
War and oil will be reflected in banks in both rich and poor countries
UAE
Agreement to increase international investor access to the UAE’s market
Canal
The Canal's revenues are expected to increase to $13.5 bn in 2023
Stake
Move marks first international acquisition realized by the Group
Bank
It Increased cash withdrawals from ATMs of other banks to 4,000 EGP
Egypt
Funds will help strengthen Egypt’s resilience to food crises
Distressed
It will aim to provide liquidity to financial institutions and credit markets
Aldar
Alpha Dhabi is now Aldar's single largest shareholder
Saudi
The banking industry showed a resurgence with an increase in profit of 40.15%
Foreign
Grace period on $100 Interest payment has expired
GCC banks have remained stable and safe over the past 30 years
Financial
Project expected to generate more than 120,000 job opportunities
Bonds
Bonds comprises a 10-year tranche and 30-year Formosa portion
Banks 300 times more likely than any other industry to be cyber targeted
Elon
Musk appeared virtually yesterday at Qatar Economic Forum
Ahli
Meeting approved start of due diligence work on JV deal
Musk
Nook's assets are valued at 245 trillion pounds
Revenues
Revenue from expatriate fees amounted to 6.86 billion riyals
Treasury bonds
The auction is part of the AED 9 billion T-Bonds issuance program for 2022
Sohar
SAOG to offer HBMO shareholders cash and shares
Migrants
Money transfers amounted to about $605 billion in 2021
Qatar
Net profit reported is valued at $1.54 billion
Sheila
"The Kingdom's leadership has promoted Saudi women to many positions"
El-Hilaly to Economy Middle Al Raha: “Simple and Versatile Platform”
Dubai
Inflation, geopolitical tensions impacted HNWI's spending patterns
The two banks' shares rose following 1-hr trade suspension
Banks
Potential to convert into one Sharia-compliant financial institution
turkish banks
S&P does not expect any liquidity issues with Turkish banks
Full integration of the bank's operations and systems in Q4 2022
Beltone
Chimera's offer is about 10% higher than its Egyptian competitor’s
Sheila
Increasing share of women in work in MENA could increase the GDP to $2 tn
Video
The games and esports company will hold 8% of the shares
Report
This is the lowest amount so far in 2022
Meeza
As part of a cooperation agreement between the three nations' central banks
Banks
Growth attributed to several factors, including a buoyant energy market
Saudi
Foreign investors rose to historical levels in Q1, with 9,383 new licenses
Bank
Total shareholders’ equity raises to SAR 3.2 billion
S&P
Continued mortgage demand in Saudi supports the industry
SMEs
In an attempt to mitigate the effects of the Covid-19 pandemic
Bank
The maturity period will be 6 months, with a rate of return standing at 2%
UAE
82% of bank customers don’t favor having to physically hand over documents
Saudi fintech
106 deals worth in excess of $558 million, highest in the region
Venture capitalist
Blockchain startups raise record venture capital
Startups
MENA startups generated $297 million in investments in April 2022
It succeeded, in under 6 months, in completing merger procedures
UAE
Deposits to grow driven by projected interest rate increase
Alpha
The Fund aims to bring the best technology to Abu Dhabi
Mastercard
New era of biometric payments enhance the check-out experience
Twitter
CEO Parag Agrawal: "We aren't perfect at catching spam"
Anghami
Preliminary Q1 2022 revenue amounted to $9.3 million
GII
Jadwa sold its majority stake in Al Meswak to GII
Adani
IHC provided capital through preferential allotment route
Musk
Musk believes fake users make up 20% of total users
QR
The bank calls on its clients to use the QR code scanning option
bank cyber
Gulf banks reported a small number of cyberattacks in last decade
Amazon
This translates into 4.255 percent of valU’s issued capital
Tradewind
The company announced completion of $1 billion funding for 2022
fintech
$3.45 billion, the value of the financial technology sector in 2026
Payments
Region could reap huge dividends from real-time payments
Banking
Net income increased by 15.5 percent to 48.8 billion Saudi riyals
Higher interest rates in 2022-2023 would further support it
MENA M&A deals reach $21 billion in Q1
Bahrain
The money supply increased in March by 4.22 percent
Riad Salameh
Alleged embezzlement of at least $330 million in public funds
FED interest rates
Another ¾ of a percentage point increase expected at June meeting
PIF
The fund's total assets at end-2020 were 47.1% of national GDP
Upon completion of the transaction, Borealis will be 25% by ADNOC
Microsoft
Earnings were driven by demand for cloud-computing services.
Abu Dhabi market
The $70.7 million company will be the largest provider by market share
Finastra
Fintech, developers can drive market opportunities on FusionFabric.cloud
Saudi Al-Rajhi
Saudi “Al-Rajhi” and “Al-Ahly” achieve net profits exceeding $1 billion
Moody's
An expected upturn for the Gulf economies due to the rise in oil prices
expo 2020
These companies accounted for more than a quarter of all contracts by value
Aramco
“The company will maintain flexibility and continue to generate strong profits”
Twitter Musk
Twitter has over 217 million daily users
Saudi's Center
Law ensures equal treatment for both Saudi, foreign investments
Emirates NBD
Played a leading role in the IPO of Dubai Electricity and Water Authority
AC Milan
Bahrain confirms firm's talks to buy Italian football giant for $1.1 billion
Saudi
The new program to support SMEs through providing trade finance facilities
Kiosks
Services are delivered promptly 24/7, replacing long waiting hours
Kuwaiti banking
“S&P”: Oil prices, interest rates, pave the way for banks’ recovery, lower NPLs
Egypt IMF
The Spring Meetings examine the global economic impact of war and food security concerns
Sri Lanka
This comes ahead of negotiations for an IMF bailout
FAB
The decision is due to the instability in global markets and economies
Lebanon
Consolidation of exchange rates is complex due to weak economic conditions
Saudi
GAC approves 88 percent of applications in Q1
القابضة
Stake acquisition of the Commercial International Bank for $911.4 million
Egypt
Egypt, Saudi collaborate to invest in Saudi's fintech sector
إنفستكورب
eLydian Lion will be run from Investcorp's Abu Dhabi office
Saudi banks notes
For every increase of 100 basis points, Banks' net income to increase by 13%
SAMA
The monetary authority halted opening of online bank accounts
binance
Binance will provide its services in the Middle East and North Africa region
Lebanon pounds and dollars
Lebanon to implement 8 reforms as pre-conditions to IMF Board approval
جي أم جي
Acquisition marks GMG’s first entry into food retailing
The digital economy has its appeal but there is more
Federal interest rates
Committee on Open Markets expected to agree to reduce balance sheet at May 3 meeting
DEWA
The high demand underlines the strength of Dubai's economy
المعمر
$40 million to invest in Saudi technology startups
Citi
Citi Continues to Invest in Bahrain and Support Institutional Clients
EDB
The strategy supports UAE’s industrial development, economic diversification
Startups
Egypt tops African countries in VC transactions
Oman Debt
Finance Ministry to repay loans exceeding 2.85 bn riyals at end April
GEC2022
Agreements aim to promote entrepreneurship in various fields
dussur
Agreements reflect Dussur’s appetite to invest in Saudi industrial sector
fintech
SAMA reaffirmed commitment to support finance and payments sectors
أجيليتي
Shareholders to receive 608 pence in cash per share
saudi Egypt
Egypt announced it had requested assistance from the IMF
GEC
Several programs were signed, initiatives launched and agreements
WGS
Al Gergawi: The summit seeks to highlight opportunities, reveal future challenges
GEC conference
The conference continued under the slogan "We Reinvent, We Renew"
saudi entrepreneurship
Saudi Ministry of Investment grants 4 licenses to start-ups, one VC fund
crowdfunding
SMEs represent 94% of the total number of companies
DEWA IPO
Final price of "DEWA" on April 6 and start of trade April 12
IMF
The IMF praised "authorities' recent actions to expand targeted social protection
Turkish agreement
Fund will invest in companies developing new tech or improving existing ones
EGYPT IMF
Egypt’s Central Bank Governor: Maintain FX liquidity, investor confidence
Egyptian pound
The Central Bank raises interest rates for the first time since 2017
Egypt financial
The Central Bank of Egypt is expected to raise interest rates
Saudi Aramco
It announced cash dividends of 70.3 billion riyals  
Interest rates
The US Reserve rate increase among many expected this year and next
Federal reserve
It signaled seven rate hikes for this year to bring inflation under control
Shuaa Capital
The SPAC will be merging with tech-based financial services businesses
Federal Reserve
Global central banks unveil their monetary policies this week
ECB
ECB left the option of raising interest open before the end of the year
US inflation
"Goldman" warns the US economy could be in a recession next year
Egyptian pound
JP Morgan: There is a likely need to depreciate the pound
Bahrain bank notes
$ 217.5 billion in sector assets at end 2021, or 6.5 times the GDP
digital kuwait
Digital banks will be subject to all supervision and control requirements
UAE banks
Banks are likely to keep reserves much larger than risk portfolios require
UAE bank official
Economic activity to accelerate in 2022 prompted by high and rising oil prices
ministry of finance award
ًinning the award is an incentive to continue on the path of excellence
Oman currency
Production and oil and gas prices contributed to strengthening the budget figures
saudi budget
Non-oil sector constituted 88% of the total increase in actual revenues
Russia central bank
Norway removes Russian assets from $1.3 trillion wealth fund
Europe Swift
Moscow plans to borrow less and use national wealth funds
SEBA Bank
Dedicated office and expanded regional headcount to drive growth  
Oman riyals
The IMF welcomes financial sector’s resilience and ongoing reforms
income tax accounting
The corporate tax on profits will replace several fees businesses currently pay
saudi money
It’s the second such increase since 2019
US bonds
The total amounted to $221.7 billion, with Saudi and Kuwait leading
Starbucks
Two Abu Dhabi state funds and 2 private sector investors in the running
BNPL
BNPL is framed as an interest-free alternative to credit card payments
federal reserve
Next could be the fastest rate of price increases since the 1980s
digital banking
76% of Arab central banks considering issuing digital currencies
UAE bank staff
S&P Global economists expect the Fed to raise rates six times this year
green bonds
PIF’s ranking rose to sixth in the world, having compiled assets worth $580 billion
EFG Hermes advisory complete
The IPO is the premiere listing of Egyptian cosmeceutical players
هيرميس
Transaction conditional upon the completion of a comprehensive due diligence
Kuwait budget
Fitch: Even without a debt law, the government meets its financing obligations
SPAC
In 2015, 20 SPACs raised $3.9 billion in funds globally
tax calculator
Al Saidi to “Economy Middle East”: It will boost tax revenues, transparency
التمويل الأسلامي
Total Sukuk issuances would range between $145-150 billion in 2022
Agency predicts rate hikes from central banks in union
Stabilizing inflation among institution's main goals
ECB still buying govt bonds, corporate securities
Bahrain grants Binance preliminary approval
Digital Asset Management
Digital asset management, a key to future prosperity
Mubadala strengthens its partnership with Chimera Capital
GCC investors eye UK's real estate sector