USD200 million in equity came from Chimera Abu Dhabi

Marking one of the first such portfolio sales from a local bank in the UAE

He formerly governed SAMA from 2011 to 2016

Powell: No decision yet on the Fed stopping raising interest rates

Within the G20 Finance Track for 2023

The two countries just launched their own financial messaging system

Expressed confidence in the Indian billionaire's business

Providing yoy or qoq comparisons not enough to inspire investment

Messi lining up a $300 mn a year deal to join Saudi's Al Hilal

To acquire a significant minority stake in a pharmaceutical firm

Date aligns with that of the US Federal Reserve

Investment Authority plans to raise over $1.3 billion

Jumping by 20.6 percent

PSG was paid USD10 mn for the one-off

The UAE was the most active country in the 2022 edition

In February 2023

New company aims to provide financial services to micro, small enterprises

Funding will be used to fuel international expansion

Guidelines involve the use of digital ID systems

Messi could surpass Ronaldo as the highest-paid player in the world

Contract between Saudi and WWE is valued at USD 1 bn

Possible buyout targets include Man United, Liverpool, or Spurs

Its biggest round of job write-offs ever

Mubadala will hold 80% ownership in the AD Global Market-based entity

UAE bank's market capitalization is more than $51 billion

AFAQ is another step closer to unifying banking across the region

Following his signing for Al Nassr club

Reached a $825 million term loan facility

It sold its 30% stake in Luberef

Conversations focused on the transformation taking place in financial services

Central Bank: Loan-to-deposit ratio reached lowest level in 7 years

Using laser-focused due diligence and real-time data analytics

If the deal goes through, the contract could be valued at $207 mn

For the state's development sectors and the private sector

Through acquisition

The offerer is seeking between $7.3 to $8.5 bn

Positive outcomes were achieved at all levels of the financial sector

Debts of Egypt, Lebanon, and Turkey saw significant increase in 2021

 Interest rate hikes by 50 basis points

Driven by higher oil and gas prices

He lost to Arnault whose fortune is now estimated at $171 bn

From AED 126.3 bn during Q3 of 2021

One month after the club is put up for sale by FSG

"The previous five years saw major structural reforms"

Arthur D. Little: Market to reach 4% of total banking income by 2026

Fist ABu Dhabi Bank coordinated the transaction as a sustainability agent

The bank has not yet received a formal proposal from any Saudi entity

Digital banking has become a way of life for consumers

Despite the global economic slowdown and uncertainty worldwide

The contract is worth $207 million per year

Ahead of the country’s  51st National Day

FIFA, soccer, and fans are big winners 

Dubai is consistently the highest-ranked financial centre in MEASA 

2 out of 5 North African mega investments in 2022 went to Maghreb region

Insurance companies are competing to remain relevant

Swiss bank sees deposit exits, expects $1.6 billion loss

Increasing by $1 bn over the previous World Cup edition

Oil revenues recorded about $52.7 bn

Budget widens for the second month in a row

Deals amounted to 524

Shuaa Capital, GCICO were able to return to profitability

By raising capital and purchasing shares from main owners

Company's 9-month profits are close to last year's full returns

Expected to be reduced after reaching agreement with IMF

6.7 billion riyals of the company's profits in 9 months

Following discussions about acquiring stakes in Egyptian companies

On continued momentum in strategic direct and indirect acquisitions

Organizations are rethinking conventional business processes, practices

Driven by robust economic activity, higher interest rates

Total value of such payments amounted to 3.2 billion dinars

Increasing by about $213 mn

Move will support the firm in its expansion plans across ME

Amid ramp up and execution of its growth strategy

Financial surplus totaled AED 125.5 bn

Fundraising allow investors to invest in exchange for equity/ownership

Emirates NBD increased its Q3 net profit by 51% YoY

Driven by strong stock performance

Resilient performance supported by strong capital adequacy

TECOM Group saw a 70% increase in its Q3 profits

Fund will be used to acquire sizeable positions in mid-market firms

Investments climbed by AED 16.6 bn in first 8 months

17% less than the value recorded during same period in 2021

Shares surged 14%

But no formal approach has been made as of yet

Is the metaverse, the next frictionless frontier for Mastercard customers

SMEs account for more than 95% of all businesses in the country

Dubai beats UK, MENA in terms of internet download speed

Musk agreed to pay price he initially offered before trying to quit deal

Final agreement may happen in coming days

To grow its utilities portfolio

Sale expected to close in Q4 '22

Credit Suisse tries reassuring investors as financial fears rise

Company aims to expand its digital portfolio

Exchange operations continued during closure

More start-ups, institutional investors choosing to reside in region

Turkish lira fell to a record low of 18.42 per dollar

Driven by high oil prices, high interest rates, and new projects

By another half a point

Abolition of minimum contribution of UAE, GCC nationals also passed

CBUAE also looking at improving consumer protection framework in the country

Oman implemented VAT in April 2021

It’s world’s largest investment forum dedicated to frontier emerging markets   

Al-Suhaimi held for 20 years senior leadership financial positions in Saudi

Distinct opportunities for GCC banks as they progress along the maturity curve

Two parties scheduled to square off in court on Oct. 17

Overall market softening heightened transactional volume of M&As

Bank said it would focus initially on SMEs

But half will not meet targeted revenue expectations

As part of the AED 9 bn T-Bonds issuance program for 2022

Cumulative credit balance amounted to AED 718.1 bn in June

Transaction attracted $1.9 bn in orders from regional, international investors

"We are committed to carry out vision programs, broaden economic base"

To boost digital ambitions

To clean up corporate defaults

On interest income growth

Investments of banks  in UAE rise by 4.3% on annual basis

Saudi leads the way with 70.4% growth

UAE leading market for VC

Through iPay mobile payment system

The service is the first of its kind in the UAE

Step to contribute to the development of the fintech sector

“IMF approved 7th, 8th reviews of fund facility for Pakistan”

Amid continued economic recovery

They are at risk of losing the confidence they built over decades

Saudi is one of Pakistan's largest donors

Revenues grew by 26%

Profits slightly increased by 3.6% in Q2 2022

Qatar is evaluating investments in Pakistan’s main airports

The deal is expected to close in the next 6 months

Company to provide 350 world-class Jiu-Jitsu coaches across UAE

Investment banking fees in MENA amounted to $806 mln in H1

Total interest income grew by 19.5% QoQ in Q2

Driven by a steady economic recovery in retail, leisure sectors

Online payments surged 85%

Exceeding the 127 million dirhams invested

Funding will be used to support innovation in payment and shopping

Trade exchange between two countries surged by $1.2 bn in Q1

Emaar will receive the total value of the selling price in cash

The borrower may face a travel ban in the execution case

It surpassed the pandemic with no adverse effects on its financial balance sheets

10 bidders have been qualified to proceed to the next stage

The beneficiaries should be members of accredited SME funds or programmes

IMF scheduled an Aug. 29 meeting to discuss country's loan

The move comes in response to customers’ suggestions and requirements

Group operating revenues grew by 28% Y-o-Y to EGP2.1 billion

Supported by strong product demand

Reflecting strength of financial solvency, high liquidity

Deals amounted to $14.2 bn

Busines addressing non-cash expenses, optimisation measures

Fund to be used to strengthen Bayzat's technical development team

"Deal in line with Egypt's plan to encourage FDI"

This is the second increase in discount rates in several weeks

H1 total revenue increased 121% to AED 21.93 bn

Focusing on investing in several key sectors

Driven by an increase in total operating income

As of end-June, sector loans totaled 6.3 trillion lira

The firm's total capital raised to date amounts to $275 mn

An increase of 43.4 percent

Regulations to manage risks related to money laundering

Revenue for Q2 at a record peak of AED 576 mn

It increased by 3% to 1.683 trillion riyals

Assets rose 2.9% to 3.442 trillion dirhams

AUB delivered outstanding performance and strong financial results

The Boston Group: The UAE is in a very good position

Profits increased to $10.8 bn

Offering reassurance to an earnings period weighed down by inflation

Profits amounted to AED 7.9 bn

Within the strategy of investing in leading firms

Company registered revenue growth of 16.4%

As travel demand comes roaring back

For failing to comply with due diligence and reporting procedures

An increase of 31 percent

On higher operating income, lower expenses

Parliament amended the original formula... Will the IMF concur?

Investments amounted to 472.7 billion dirhams

Assets totaling $115 billion

The financing is expected to be completed within days

Agility, digitization, leadership, passion are driving forces behind exchange

The deal is worth 192 million riyals

Borrowings hit $498 billion by March end

Saudi, UAE banking sectors face contrasting liquidity dynamics

In May, Saudi's PIF purchased a 16.87% stake in KHC

Bank deposits increased by 0.9 percent to AED2.006 trillion

To a record-high of SAR 2.19 billion

The Public Investment Fund is betting on the future of the automotive and transportation

The bank announced preliminary unaudited financial results for H1 2022

The transaction follows successful advisory transactions in the GCC, Egypt

Deal aims to boost trade ties with promising global markets

Twitter hopes to start the case on September 19

Twitter said it was confident the company would win the case

The takeover deal is in "serious jeopardy"

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

Agreement to increase international investor access to the UAE’s market

The Canal's revenues are expected to increase to $13.5 bn in 2023

Move marks first international acquisition realized by the Group

It Increased cash withdrawals from ATMs of other banks to 4,000 EGP

Funds will help strengthen Egypt’s resilience to food crises

It will aim to provide liquidity to financial institutions and credit markets

Alpha Dhabi is now Aldar's single largest shareholder

The banking industry showed a resurgence with an increase in profit of 40.15%

Grace period on $100 Interest payment has expired

Bonds five times oversubscribed

GCC banks have remained stable and safe over the past 30 years

Project expected to generate more than 120,000 job opportunities

Bonds comprises a 10-year tranche and 30-year Formosa portion

Banks 300 times more likely than any other industry to be cyber targeted

Musk appeared virtually yesterday at Qatar Economic Forum

Meeting approved start of due diligence work on JV deal

Nook's assets are valued at 245 trillion pounds

Revenue from expatriate fees amounted to 6.86 billion riyals

The auction is part of the AED 9 billion T-Bonds issuance program for 2022

SAOG to offer HBMO shareholders cash and shares

Money transfers amounted to about $605 billion in 2021

Net profit reported is valued at $1.54 billion

"The Kingdom's leadership has promoted Saudi women to many positions"

El-Hilaly to Economy Middle Al Raha: “Simple and Versatile Platform”

Inflation, geopolitical tensions impacted HNWI's spending patterns

The two banks' shares rose following 1-hr trade suspension

No excuses: Only real-time savings in the millions

Potential to convert into one Sharia-compliant financial institution

S&P does not expect any liquidity issues with Turkish banks

Full integration of the bank's operations and systems in Q4 2022

Chimera's offer is about 10% higher than its Egyptian competitor’s

Increasing share of women in work in MENA could increase the GDP to $2 tn

Lagarde: Inflation risks high

The games and esports company will hold 8% of the shares

This is the lowest amount so far in 2022

As part of a cooperation agreement between the three nations' central banks

Growth attributed to several factors, including a buoyant energy market

Foreign investors rose to historical levels in Q1, with 9,383 new licenses

Total shareholders’ equity raises to SAR 3.2 billion

Continued mortgage demand in Saudi supports the industry

The deal is expected to close in Q3 2022

In an attempt to mitigate the effects of the Covid-19 pandemic

The maturity period will be 6 months, with a rate of return standing at 2%

82% of bank customers don’t favor having to physically hand over documents

106 deals worth in excess of $558 million, highest in the region

The bank said it expects disinflation to start

He adds $6.25 billion to Twitter bid

Blockchain startups raise record venture capital

MENA startups generated $297 million in investments in April 2022

It succeeded, in under 6 months, in completing merger procedures

Deposits to grow driven by projected interest rate increase

The Fund aims to bring the best technology to Abu Dhabi

New era of biometric payments enhance the check-out experience

CEO Parag Agrawal: "We aren't perfect at catching spam"

Preliminary Q1 2022 revenue amounted to $9.3 million

Jadwa sold its majority stake in Al Meswak to GII

IHC provided capital through preferential allotment route

Musk believes fake users make up 20% of total users

The bank calls on its clients to use the QR code scanning option

Gulf banks reported a small number of cyberattacks in last decade

This translates into 4.255 percent of valU’s issued capital

The company announced completion of $1 billion funding for 2022

$3.45 billion, the value of the financial technology sector in 2026

Region could reap huge dividends from real-time payments

Net income increased by 15.5 percent to 48.8 billion Saudi riyals

Digital banking market will reach $30.1 billion in 2026

Higher interest rates in 2022-2023 would further support it

MENA M&A deals reach $21 billion in Q1

The money supply increased in March by 4.22 percent

Musk secures over $7 billion

Alleged embezzlement of at least $330 million in public funds

Another ¾ of a percentage point increase expected at June meeting

Or is he?

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

Earnings were driven by demand for cloud-computing services.

The merger with "Awda Misr" scheduled in next few months

The $70.7 million company will be the largest provider by market share

Fintech, developers can drive market opportunities on FusionFabric.cloud

Saudi “Al-Rajhi” and “Al-Ahly” achieve net profits exceeding $1 billion

An expected upturn for the Gulf economies due to the rise in oil prices

These companies accounted for more than a quarter of all contracts by value

“The company will maintain flexibility and continue to generate strong profits”

Twitter has over 217 million daily users

Law ensures equal treatment for both Saudi, foreign investments

 Saudi, UAE easing business conditions

Played a leading role in the IPO of Dubai Electricity and Water Authority

Bahrain confirms firm's talks to buy Italian football giant for $1.1 billion

The new program to support SMEs through providing trade finance facilities

Services are delivered promptly 24/7, replacing long waiting hours

“S&P”: Oil prices, interest rates, pave the way for banks’ recovery, lower NPLs

The Spring Meetings examine the global economic impact of war and food security concerns

This comes ahead of negotiations for an IMF bailout

"The offer is not close to the real price of Twitter"

The decision is due to the instability in global markets and economies

Consolidation of exchange rates is complex due to weak economic conditions

GAC approves 88 percent of applications in Q1

Stake acquisition of the Commercial International Bank for $911.4 million

Egypt, Saudi collaborate to invest in Saudi's fintech sector

eLydian Lion will be run from Investcorp's Abu Dhabi office

For every increase of 100 basis points, Banks' net income to increase by 13%

The monetary authority halted opening of online bank accounts

Binance will provide its services in the Middle East and North Africa region

Lebanon to implement 8 reforms as pre-conditions to IMF Board approval

Acquisition marks GMG’s first entry into food retailing

The digital economy has its appeal but there is more

Committee on Open Markets expected to agree to reduce balance sheet at May 3 meeting

The high demand underlines the strength of Dubai's economy

$40 million to invest in Saudi technology startups

Citi Continues to Invest in Bahrain and Support Institutional Clients

"The quality of Qatari banks' assets will remain flexible"

Scaleups raised $5.4 billion

The strategy supports UAE’s industrial development, economic diversification

AED 22.3 billion total expected

Egypt tops African countries in VC transactions

Finance Ministry to repay loans exceeding 2.85 bn riyals at end April

Agreements aim to promote entrepreneurship in various fields

Agreements reflect Dussur’s appetite to invest in Saudi industrial sector

$90 billion in revenues, the highest ever

SAMA reaffirmed commitment to support finance and payments sectors

Shareholders to receive 608 pence in cash per share

Egypt announced it had requested assistance from the IMF

Several programs were signed, initiatives launched and agreements

Al Gergawi: The summit seeks to highlight opportunities, reveal future challenges

The conference continued under the slogan "We Reinvent, We Renew"

Saudi Ministry of Investment grants 4 licenses to start-ups, one VC fund

SMEs represent 94% of the total number of companies

Final price of "DEWA" on April 6 and start of trade April 12

Price range between 2.25 and 2.48 dirhams per share

The IMF praised "authorities' recent actions to expand targeted social protection

Fund will invest in companies developing new tech or improving existing ones

Egypt’s Central Bank Governor: Maintain FX liquidity, investor confidence

Souq Al Mal to implement ambitious growth plan over 2 years

The Central Bank raises interest rates for the first time since 2017

The Central Bank of Egypt is expected to raise interest rates

It announced cash dividends of 70.3 billion riyals  

The US Reserve rate increase among many expected this year and next

It signaled seven rate hikes for this year to bring inflation under control

The SPAC will be merging with tech-based financial services businesses

Global central banks unveil their monetary policies this week

ECB left the option of raising interest open before the end of the year

"Goldman" warns the US economy could be in a recession next year

JP Morgan: There is a likely need to depreciate the pound

$ 217.5 billion in sector assets at end 2021, or 6.5 times the GDP

The company still plans to list in April

Digital banks will be subject to all supervision and control requirements

Banks are likely to keep reserves much larger than risk portfolios require

Saudi Arabia expects the first surplus in 8 years

Economic activity to accelerate in 2022 prompted by high and rising oil prices

ًinning the award is an incentive to continue on the path of excellence

Production and oil and gas prices contributed to strengthening the budget figures

Non-oil sector constituted 88% of the total increase in actual revenues

Norway removes Russian assets from $1.3 trillion wealth fund

Moscow plans to borrow less and use national wealth funds

Russia 2nd to US in terms of Swift users

Dedicated office and expanded regional headcount to drive growth  

Banks reduce operating costs following losses

The IMF welcomes financial sector’s resilience and ongoing reforms

The corporate tax on profits will replace several fees businesses currently pay

It’s the second such increase since 2019

The total amounted to $221.7 billion, with Saudi and Kuwait leading

Two Abu Dhabi state funds and 2 private sector investors in the running

BNPL is framed as an interest-free alternative to credit card payments

Next could be the fastest rate of price increases since the 1980s

76% of Arab central banks considering issuing digital currencies

S&P Global economists expect the Fed to raise rates six times this year

PIF’s ranking rose to sixth in the world, having compiled assets worth $580 billion

The IPO is the premiere listing of Egyptian cosmeceutical players

Transaction conditional upon the completion of a comprehensive due diligence

Fitch: Even without a debt law, the government meets its financing obligations

In 2015, 20 SPACs raised $3.9 billion in funds globally

Al Saidi to “Economy Middle East”: It will boost tax revenues, transparency

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, a key to future prosperity

Mubadala strengthens its partnership with Chimera Capital

GCC investors eye UK's real estate sector