Banking & Finance

ADEX, Mashreq and ADCB to provide up to $100 million in financing to BGN

Strategic collaboration aims to enhance UAE's position in global energy market

BCFC and Mastercard partner to launch commercial credit cards in Bahrain

Commercial cards program promises enhanced efficiency and control for businesses

Middle East sovereign funds: Powering M&A deals with $81.7 billion in 2023

Region witnessed an estimated $95 billion in mergers and acquisitions in 2023

EFG Hermes concludes advisory on Kazyon’s acquisition of 50 percent stake Dukan in Saudi Arabia

Following collaboration in Kazyon's $76.5 million capital raise/private placement in 2014

Klub, a leader in revenue based financing, expands to Middle East

To create AED1 billion credit umbrella in support of SMEs and startups

ADGM embarks on international roadshow as investor interest rises

Cementing Abu Dhabi's position as a leading international financial center

GCC banks to prove resilient in 2024 amid geo-economic challenges: S&P Global

Robust capitalization and profitability to uphold GCC banks, despite emerging risks

UAE makes first cross-border digital dirham payment, transferring $13.6 million to China

Transaction took place during a celebration marking the 50th anniversary of the CBUAE

Dubai launches $136 million initiative to boost SMEs’ global expansion

Initiative to offer competitive financing for local SMEs at competitive rates

Meta hits $1 trillion market cap, first time since 2021

CEO Mark Zuckerberg's cost-cutting measures propel Meta's efficiency

Microsoft’s market cap surpassed $3 trillion for first time

ChatGPT's introduction spurred over 60 percent surge in company shares

Saudi company bolsters AI presence with $5 million investment in OpenAI

Through a private stock sale round of OpenAI employee shares tender offer

Mastercard, ADGM partner to digitize SME payment flows in UAE

Seamless and secure SME card offering for qualified businesses

UAE emerges as global FDI hotspot, second only to the U.S.

Global FDI flows in 2023 witnessed a marginal 3 percent increase

Fintech Trends in 2024: Region’s ‘Open Banking’ market to surge

DeFi and sustainable finance gain prominence in the Middle East