Banking & Finance
During the Egyptian-European Investment Conference, Egypt secured a $1.069 billion agreement with the EU
The chemicals sector accounted for 52.4 percent of the total
Gross paid claims of all types of insurance plans increased by 18.3 percent YoY to AED8.4 billion in Q1 2024
ETFs are investment vehicles that track the performance of a specific market index, such as the STI or the S&P 500
Cumulative credit balance for these two sectors rose by 2.1 percent to $206.2 billion by the end of March 2024
The emirate was also recognized for its strengths in the FinTech, AgTech and New Food, and ClimateTech sectors
Deposits reached AED286.67 billion ($78 billion) at the end of March 2024
This partnership will contribute to stimulating Egypt’s private sector participation in diverse projects
The Fed had set the benchmark policy rate in the 5.25-5.50 percent range last July
This represents a significant increase compared to the previous fiscal year, when the surplus was only $2.43 billion
Kuwait's construction sector to grow to $13.94 billion in 2024
The paid-up share capital for the finance companies sector increased by 6 percent to reach $4.13 billion
Sharjah also featured in the Top 15 rankings for both the Knowledge and Performance categories
Oman's public debt to GDP declines from 36.5 percent by the end of 2023 to 33.9 percent during H1 of 2024
Commercial banks' credit facilities rise 4.9 percent to QAR1.31 trillion in April
Payment solution offers flexible repayment plans spanning up to 60 months with no down payment
Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region
Crypto assets are available 24/7, have near-zero costs and are fully programmable
UAE Central Bank Law and Commercial Transactions Law are key legislative instruments
More than half of survey respondents believe that instalments would help manage finances
Oman's addition brings AFAQ's total number of participant banks from the GCC region to 67
Of the 19 offers it received, the central bank accepted only 17 with a value of $500.6 million
Bahrain's total outstanding value of government treasury bills stands at $5.6 billion
