Banking & Finance

UAE banks lead regionally with $18.6 million in revenue per branch

Digital transformation ushers shift in banking dynamics in the Gulf region

ADGM ensures seamless transition with incentive program for Al Reem Island businesses

Eligible businesses on Al Reem Island will be exempt from the fees associated with obtaining an ADGM commercial license until October 31, 2024

Dealmaking potential soars in the Middle East in 2024: Report

Robust M&A activity in the region with economic diversification driving growth

Investopia 2024: IOTA Foundation launches $10 million investment fund

The fund cements Investopia's position as a global incubator for technology innovation investments, digital trade, and new economy projects

GCC banks still vulnerable to climate transition risks: Report

GCC banks consider the quantification of climate transition risks as a key challenge, according to an S&P report

Abu Dhabi’s Tabreed shareholders approve new record high dividend payment for FY 2023

Shareholders approved a remarkable dividend payment of 15.5 fils per share

US Federal Reserve keeps interest rates unchanged

The Fed's policy statement said inflation remained "elevated"

ADGM: Over 70 percent of companies plan workforce expansion in 2024

ADGM is garnering strong support, with nearly 97 percent of business leaders recommend It

EFG Holding achieves record-breaking $312.9 million in revenues for 2023

Strong performances in investment and commercial banking divisions drive growth

UAE’s Islamic banking assets reach new highs, exceed $190.6 billion in 2023

Islamic banks account for 17.3 percent of the UAE banking system's total assets

EFG Hermes concludes advisory on Cenomi retail’s sale of a portfolio of fashion brands to Abdullah Al-Othaim Fashion

In December 2023, Cenomi Retail acquired 100 percent of the share capital of Innovative Outfit Trading Company

Banks in Egypt see net profits soar to $6 billion in 2023

Net revenues and financial position experience substantial growth, reflecting market resilience

Visa Impact series: Empowering small businesses with financial tech

A recipient of Visa’s She’s Next program, Mariem Faghraoui is helping promote economic growth for local artisans in Morocco through her online marketplace Neolli

UAE Central Bank’s effective strategies to fuel banking sector’s continued growth in 2024

The CBUAE has demonstrated its commitment to promoting economic and financial stability within the country

Moody’s affirms stable outlook for Bahraini banks amid non-oil growth

Non-oil economic growth in Bahrain is projected to remain stable at 3.2 percent

Andrew Torre on Visa’s financial inclusion of small businesses, latest campaign

Torre highlights three examples from the Visa Impact Series Campaign that changed the lives of not only entrepreneurs but also their partners and customers

UAE financial system more secure and efficient than ever before: Central Bank report

Report highlights sector's technological advancements and operational efficiency

ADGM, KIFC partner to foster cooperation in capacity building, sustainable and Islamic finance

MoU establishes a comprehensive framework for collaboration between Abu Dhabi and Rwanda

Qatari banking sector assets rise to $540 billion

Total loan book grew 2.5 percent in January 2024 compared to December 2023