Banking & Finance

UAE’s Alpha Dhabi acquires 51 percent stake in NTS Amega Global

The strategic move aims to strengthen the company's oil field services portfolio

XS.com: Pioneering Innovation and Setting New Benchmarks for Online Trading in MENA

Commitment to excellence, innovation and financial inclusion to drive company’s future growth

Behind the Great Wall: China’s banking system and the real estate quandary

Approximately 40 percent of all bank loans are directly tied to the property sector

OpenAI’s revenue soars past $1.3 bn annually

Potential valuation jump to $90 bn on the horizon

Is your organization ready for the AI revolution?

The integration of AI can significantly shape employee experiences

Kuwait’s Central Bank releases $776 mn worth of bonds

For a 3-month period with a return rate of 4.375 percent

Saudi, Kuwait to lead growth in $3 trn Islamic finance sector in 2023-2024

S&P anticipates that COP28 will have a favorable effect on sustainable financing

Bahrain appoints new Central Bank Governor

Decree will be implemented effective February 1, 2024

New Moody’s report highlights Islamic banking hurdles in Africa

Shariah-compliant assets in continent comprise 2 percent of global figures

Saudi to increase expenditure to SAR1.262 bn this year

Kingdom forecasts a 4.4 percent GDP growth in 2024

Abu Dhabi’s economic power in focus

25 Key entities join together to deliver Abu Dhabi Finance Week 2023

Saudi’s foreign exchange reserves rise in August, reaching SAR1601.4 bn

Boost in reserves highlights strengthening Saudi financial position

UAE national banks green finance agenda in support of COP28, net-zero 2050

Six major banks collectively dedicated over $51.8 bn in green financing