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Banking & Finance
Banking & Finance
Dubai’s Salik approves distribution of $149.75 million of cash dividends
The cash dividends are equivalent to 7.3338 fils per share
Bahrain
Bahrain central bank’s Treasury Bills oversubscribed by 111 percent
The demand for treasury bills remained robust this week, indicating investor confidence in the country's fiscal health
Banking & Finance
Gross banks’ assets surged to over $1.11 trillion at end of January 2024: CBUAE
Assets grew by 0.8 percent
Banking & Finance
Egypt’s net foreign assets deficit shrinks by $7.04 billion in February
The financial support and land sale deal contributed to the NFA improvement
Banking & Finance
Kuwait Central Bank announces $792 million bonds, tawarruq issuance with 4.375 percent return rate
CBK has specified that this issuance will remain valid for a period of three months
Banking & Finance
Abu Dhabi’s Borouge shareholders approve $1.3 billion dividend for 2023
The company achieved $1 billion net profit in 2023
Banking & Finance
Oman to embrace IBAN system: A new era of seamless financial transactions
A significant step forward in modernising Oman’s financial infrastructure, says CBO
Banking & Finance
Visa bolsters fraud protection with three new AI-powered solutions in Visa Protect suite
The newest services include the cutting-edge immediate fraud solution, expanded network-agnostic fraud mitigation
Banking & Finance
Abu Dhabi fund’s development and investment financing surpasses $58.8 billion in 2023
Achieving sustainable development and supporting developing countries remains a priority
Banking & Finance
Oman’s fund to invest $4.7 billion in large-scale projects over next 5 years
Supporting economic diversification in line with Oman Vision 2040
Banking & Finance
UAE’s National Bonds launches new investment scheme with higher rate of interest
The new product tracks the EIBOR, providing investors a return of 0.5 percentage points above the benchmark's performance
Banking & Finance
Abu Dhabi’s Mubadala ventures into India’s financial sector with Avanse deal
Mubadala seeks to double its exposure in Asia by 2030
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
Banking & Finance
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
Banking & Finance
SWIFT plans new platform to connect central bank digital currencies in next 1-2 years
Move marks significant step for CBDC ecosystem amid rising adoption
Banking & Finance
Banque du Caire’s total assets surge by 25 percent to $8.48 billion
The bank reported a net profit of $141.34 million in 2023
Banking & Finance
Dealmaking potential soars in the Middle East in 2024: Report
Robust M&A activity in the region with economic diversification driving growth
Banking & Finance
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
Banking & Finance
Sharjah Islamic Bank provides $100 million Islamic finance facility for Türkiye Wealth Fund
Landmark Murabaha facility signals new era of UAE-Türkiye relations
Banking & Finance
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
Banking & Finance
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
Banking & Finance
US Federal Reserve keeps interest rates unchanged
The Fed's policy statement said inflation remained "elevated"
Banking & Finance
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
Banking & Finance
EFG Holding achieves record-breaking $312.9 million in revenues for 2023
Strong performances in investment and commercial banking divisions drive growth
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