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Fund approved $392 million for Oman, which will support the Dibba-Lima-Khasab road project
Non-oil economic growth in GCC countries to remain strong in 2025 due to ambitious government economic diversification plans
Gross credit rose by 1.1 percent to AED2,100.9 billion by the end of June 2024
The UAE is solidifying its status as a leading player in the global AI landscape, says Astra Tech founder
This marks PGIM’s formal entry into the Middle East market
Seven startups will join Hub71+ ClimateTech, gaining tailored resources for their sustainability missions
Aramco's agreement with Hengli Group enables talks for a potential 10 percent stake acquisition
The bills have a maturity period of 28 days amounted to OMR300,000, with an average acceptable price of OMR99.650
On August 19, KCB announced a similar allocation of bonds and tawarruq for three months at the same value and return rate
The trade, facilitated through CBUAE’s mBridge platform, instantaneously transferred digital dirham against digital Chinese yuan
Leaders will convene from September 9 to 12 to discuss innovations in capital markets and regulatory developments
Microsoft’s partner ecosystem will earn roughly $8 for every $1 of revenue generated by Microsoft’s cloud services
The MPC noted that domestic real GDP growth had moderated to 2.2 percent in the first quarter of 2024
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
The bonds have a tenor of five years from the date of issuance, with a coupon of 5.25 percent per annum
Following the Ras El-Hekma deal earlier in the year, Egypt's net international reserves rose $11.2 billion over the last five months
In Q2, demand for trade credit remained strong, with a greater appetite for lending
The report stated that high interest rates kept profit margins at 2.7 percent, with strong bank profitability in H1
The central banks will share expertise and resources to address challenges and boost economic development
By the end of May, these banks had elevated their equity investments to AED16.1 billion
In July 2024, Masdar successfully raised $1 billion through its green bond issuance under its Green Finance Framework
Saipem will be responsible for the EPCI three production deck modules, 33 km of subsea pipelines, and 34 km of power cables
The Middle East and North Africa region has become a top destination for high-skill migration, resulting in substantial outward remittances
The FTA noted that an administrative penalty will be levied on taxable persons who fail to comply
