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Bank credit was $693 billion during the same period in 2024
In 2023, Scopely was acquired by Savvy Games Group, a subsidiary of Saudi Arabia’s PIF, for $4.9 billion
CBUAE reported M1 money supply rose 2.3 percent to $257.7 billion by December 2024
Now spanning approximately 14.3 million square meters, ADGM has become one of the world’s largest international financial centers
Al Etihad Payments ties up with Mastercard to offer the co-branded cards in the UAE
The total net profit of Saudi banks rose to SAR80 billion in 2024 from SAR70 billion in 2023
The AGM highlighted ADIB's strong business momentum and the exceptional 2024 performance
The company's 2024 financial results show resilience with $1.22 billion net earnings, a 24 percent YoY increase
The $135.97 million financing will enable the acquisition of vital equipment and ensure project success
Domestic transactions use UAESWITCH; cross-border transactions outside GCC will utilize Visa's global network, VisaNet
As part of the campaign, a startup pitch competition featured 20 innovative companies
Demand deposits, which constitute the largest share, accounted for 49.3 percent of the total liquidity at SAR1.440 trillion
This code promotes integrity, transparency, and fairness in the wholesale foreign exchange market practices
Over three years, 400 women entrepreneurs will receive support to build thriving micro businesses and create jobs
Growth-stage investments accounted for 67 percent of total transactions in 2024, up from 43 percent in 2023
PIF will act as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider GCC region
Revenue-generating trips reached 498.1 million for the year, up by 8 percent YoY
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 experienced sustained growth and reached a record of almost 1.3 million clients by the end of 2024
Startups in Saudi Arabia raised $250.3 million across 25 deals last month, leading the region in fundraising
UAE-based issuances ranked second, with $38.5 billion through 109 issues, representing 26 percent of the market
As inflation continues to decelerate, the central bank is widely expected to deliver another 250 basis-point cut this week
Collaboration aims to provide SMEs with the solutions they need to support their long-term growth
More than 100 aircraft expected to be added in flynas fleet over the next five years
