Banking & Finance

Dubai launches $136 million initiative to boost SMEs’ global expansion

Initiative to offer competitive financing for local SMEs at competitive rates

Meta hits $1 trillion market cap, first time since 2021

CEO Mark Zuckerberg's cost-cutting measures propel Meta's efficiency

Microsoft’s market cap surpassed $3 trillion for first time

ChatGPT's introduction spurred over 60 percent surge in company shares

Saudi company bolsters AI presence with $5 million investment in OpenAI

Through a private stock sale round of OpenAI employee shares tender offer

Mastercard, ADGM partner to digitize SME payment flows in UAE

Seamless and secure SME card offering for qualified businesses

UAE emerges as global FDI hotspot, second only to the U.S.

Global FDI flows in 2023 witnessed a marginal 3 percent increase

Fintech Trends in 2024: Region’s ‘Open Banking’ market to surge

DeFi and sustainable finance gain prominence in the Middle East

European banks enter 2024 bolstered by strong profit growth

Lenders expected to experience adverse effects of rising interest rates

Regional perspectives on green finance and COP28’s impact on the economy

Leveraging finance as a tool for addressing climate challenges

Revolutionizing the global economy: The unstoppable force of Fintech

Fintech's influence on banking ushers an era of accessibility and convenience

Saudi retail banks garner growing positive sentiment: New PwC Middle East, DataEQ report

Analysis of 5 mn X posts shows improved sentiment towards seven retail banks in Kingdom

What will the Federal Reserve decide at its January 31 meeting?

Economic data outlines the framework for the U.S. Central Bank’s action

FAB issues first sukuk globally in 2024 worth $800 million

Setting a strong tone for Islamic finance globally

Saudi Arabia takes the lead in MENA venture capital funding

Securing 52 percent of all regional startup funding during 2023

Oman’s Sohar International Bank expands into Saudi Arabia

Fostering economic growth and collaboration between the sultanate and Saudi Arabia

CBUAE issues rules to regulate short-term credit services

Amending regulations to regulate the growing 'Buy Now, Pay Later' financing offers

Saudi Arabia’s The Avenues Khobar secures SAR4.35 billion funding

One of the largest tourism projects in the Eastern Province

Saudi Arabia concludes €1 billion financing deal with Italy’s SACE

Strengthening trade and investment relations between the two countries