Banking & Finance
Downgrade of American lenders to resonate throughout the financial ecosystem
An opportunistic credit investor creates attractive pricing, stronger structures, to mitigate downside risks
Lender to focus on digitization and innovation over next five years
H1 2023 gross written premiums increased to $1.2 bn
Kingdom appointed Chinese bank ICBC coordinator and bookrunner
We're putting more boots on the ground in the GCC
EFG Hermes has over 40 years experience in region. nearly 17 years in Saudi
Financing benefits from strong domestic deposit base
Due to rise in investment firms, hedge funds
UAE-based bank investments reached $157 bn at end of July 2023
Company has a 95 percent market share in Saudi’s cargo handling sector
Banks benefit from higher interest rates, non-oil economy
GCC banks pioneering resilience amidst global economic challenges
Investments will target mining, agriculture, and information technology
As customers shopped on Amazon in the UAE and Egypt
Amidst slight decline in net profit
They generated total revenues of $746.4 mn in 2022
It may turn out to be the largest in the history of the Sultanate
Fund pays $3.3 billion for 100% of SABIC-owned steel
Cumulative credit balance in business, industrial sectors rose by 4 percent
Swiss regulator reviews money laundering risks at 30 banks
THe 2023 Edition expects leadership of 3500+ top financial firms from over 100 countries
