Banking & Finance

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

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

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

Oman to embrace IBAN system: A new era of seamless financial transactions

A significant step forward in modernising Oman’s financial infrastructure, says CBO

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

Abu Dhabi fund’s development and investment financing surpasses $58.8 billion in 2023

Achieving sustainable development and supporting developing countries remains a priority

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

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

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