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The decision follows a positive economic assessment since the program's launch in December 2022
The first half of 2024 saw a surge in trading activity, higher trade values, and an influx of new investor
This represents a 233 percent surge over the previous year
Central bank's regulations are designed to advance the digital economy and foster innovation in the fintech sphere
Through renewable energy, green hydrogen, and engineering initiatives
The funding aims to boost sustainability within the education sector
The $5 billion deposit was made by Saudi Arabia before Türkiye's presidential and parliamentary elections last year
The interest rate on the bills' repurchase operations with the Oman central bank is 6 percent
Foreign currency inflows into the local market have jumped by about 200 percent
This includes developing the exchange market, facilitating bilateral trade and direct investment, and remittance settlement
New partnership will let Indian tourists use their preferred payment methods at retail, attractions, leisure, duty-free, and hotels
Emirates Islamic's total income saw a notable 15 percent increase to AED2.7 billion while operating profits surged by 40 percent
Elhedery joined HSBC in 2005 and became group CFO in 2023
Central banks also sign MoU to establish a framework for the use of local currencies in settling cross-border transactions
The value of the 28-day maturity treasury bills allocated was $38.97 million
Investments by Islamic and commercial banks grew by 9.8 percent and 3.7 percent, respectively
The value of transfers executed through the system increased by over 20 percent year-on-year
This initiative is part of SAMA's strategy to provide banking services to government agencies and support digital development
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
