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Banking & Finance
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
Banking & Finance
UAE residents may soon have to pay more for remittances
Transfers via mobile apps could remain the same
Bahrain
BCFC and Mastercard partner to launch commercial credit cards in Bahrain
Commercial cards program promises enhanced efficiency and control for businesses
Banking & Finance
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
Banking & Finance
Saudi Arabia banks’ credit growth to slow to 8 to 9 percent in 2024 — S&P
Coming from 10 percent in 2023
Banking & Finance
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
Banking & Finance
Klub, a leader in revenue based financing, expands to Middle East
To create AED1 billion credit umbrella in support of SMEs and startups
Banking & Finance
ADGM embarks on international roadshow as investor interest rises
Cementing Abu Dhabi's position as a leading international financial center
Banking & Finance
Julius Baer to exit private debt business following $689 million Signa losses
Annual profits plummeted 52 percent
Banking & Finance
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
Banking & Finance
10 UAE banks record $12.6 billion in net profits in 2023
Rising by 63 percent
Banking & Finance
Investopia, London Stock Exchange explore potential collaboration and exchange best practices in fintech sector
H.E. Bin Touq participates in London Stock Exchange’s market close ceremony
Banking & Finance
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
Banking & Finance
Omani banks’ net profits surge 18.6 percent to $1.17 billion in 2023
Favorable local indicators drive positive outcome
Banking & Finance
Dubai launches $136 million initiative to boost SMEs’ global expansion
Initiative to offer competitive financing for local SMEs at competitive rates
Banking & Finance
Meta hits $1 trillion market cap, first time since 2021
CEO Mark Zuckerberg's cost-cutting measures propel Meta's efficiency
Banking & Finance
Netflix’s resurgence: 13 million new subscribers, surpassing $8.8 billion in sales
Company managed to create a positive momentum in 2024
Banking & Finance
Microsoft’s market cap surpassed $3 trillion for first time
ChatGPT's introduction spurred over 60 percent surge in company shares
Banking & Finance
Saudi company bolsters AI presence with $5 million investment in OpenAI
Through a private stock sale round of OpenAI employee shares tender offer
Banking & Finance
Mastercard, ADGM partner to digitize SME payment flows in UAE
Seamless and secure SME card offering for qualified businesses
Banking & Finance
UAE emerges as global FDI hotspot, second only to the U.S.
Global FDI flows in 2023 witnessed a marginal 3 percent increase
Banking & Finance
Oman Investment Authority introduces $5.2 billion fund to boost SME investments
Focus on green energy, tourism, and manufacturing sectors
Banking & Finance
Fintech Trends in 2024: Region’s ‘Open Banking’ market to surge
DeFi and sustainable finance gain prominence in the Middle East
Banking & Finance
Private sector imports financed by Saudi banks total SAR44,184 billion in Q3 2023
Financing facilities achieve annual growth of 10.2 percent
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