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Total foreign assets of both the CBE and commercial banks reached EGP3.634 trillion in June
The value of cheques cleared using the ICCS reached AED544.4 billion, distributed over 9.33 million cheques during the first five months of 2024
App's new trading options include market price, limit price, same-day trading, margin trading, short selling and conditional alerts
The Group's top-line growth contributed to a 9 percent YoY surge in EBITDA, which reached $243.94 million
Gross credit grew 0.7 percent from AED2.063 trillion in April 2024 to $565.47 billion
Central bank issued an addition to an existing issue worth QAR500 million for a period of 28 days at an interest rate of 5.7954
The two countries agreed to develop economic partnership
Net profit from operations also surged to $1.38 billion, marking a 92 percent year-on-year increase
The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys
The surplus was directed towards reducing public debt, and therefore there is no cash surplus
The UAE and Saudi Arabia reported 94 deals, accounting for 61 percent of the overall domestic M&A deal volume
The Federal Open Market Committee also noted that job gains have moderated
Data showed that the bank's net foreign assets in June were around SAR1.670 trillion
Higher sales and cost efficiencies drove the company's highest-ever production volumes
Over 370 wealth and asset management firms, including more than 50 pure-play hedge funds, are now based in the Centre
This translates to an adjusted profit before tax margin of 70 percent, up by 4 percentage points from H1 2023
The decision follows a positive economic assessment since the program's launch in December 2022
The first half of 2024 saw a surge in trading activity, higher trade values, and an influx of new investor
This represents a 233 percent surge over the previous year
Central bank's regulations are designed to advance the digital economy and foster innovation in the fintech sphere
Through renewable energy, green hydrogen, and engineering initiatives
The funding aims to boost sustainability within the education sector
The $5 billion deposit was made by Saudi Arabia before Türkiye's presidential and parliamentary elections last year
The interest rate on the bills' repurchase operations with the Oman central bank is 6 percent
