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BNPL services are outpacing credit cards in the region
The Central Bank has added more than AED176 billion to its foreign assets within a year
Kingdom accounts for 54 percent of the region's VC investments, a significant increase from its 38 percent share in 2023
MENA startups raised $116 million in June 2024, bringing H1 total to $882 million
Under the agreement, CBD and Visa will collaborate on establishing a ‘Center of Excellence’
Net open foreign currency positions rose to 5.7 percent of banks' total capital base in March 2024
Cumulatively, banks recorded a total profit of $9.27 billion in the first five months of 2024
Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister
The investment includes $100 million in five-year convertible debentures and $400 million in a five-year loan
The DFSA recorded its highest number of authorizations, licensing over 100 new firms in 2022-2023
The $400 million MASAR Program aims to equip Jordanian youth with skills for the labor market and economic transformation
Sovereign wealth funds globally invested $64.2 billion in 135 deals while PPFs spent $31.9 billion on 101 deals in H1 2024
Egypt's net foreign assets have risen by $43 billion since January due mainly to international support
The fund swung to a profit of $36.81 billion in 2023, after posting a loss of $15.6 billion a year earlier
The project will expand DIFC's real estate with offices and retail, meeting the demand for prime office space in Dubai's financial district
GCC banks' revenue-to-assets ratio is 3.2 percent, well above the global average of 2.3 percent
The oversubscription highlighted the bank's financial strength and prudent management
Remittances to LMICs are expected to grow 2.3 percent in 2024, but unevenly across regions
Fund approves $3 million grant to establish the OPEC Fund Food Security and Climate Adaptation Facility
The manual aims to leverage private sector expertise to benefit the government
In a statement, CBK explained that the issuance period is three months, with a return rate of 4.375 percent
The regulation will also help consolidate the financial sector's competitiveness and support the UAE's economic growth
The expected cumulative minimum yield from this new dividend policy during the 2024-2028 period is more than 27 percent
Islamic banking now constitutes 5 percent of the total banking sector in Egypt
