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Banking & Finance
Banking & Finance
Omani banks’ net profits surge 18.6 percent to $1.17 billion in 2023
Favorable local indicators drive positive outcome
Banking & Finance
Dubai launches $136 million initiative to boost SMEs’ global expansion
Initiative to offer competitive financing for local SMEs at competitive rates
Banking & Finance
Meta hits $1 trillion market cap, first time since 2021
CEO Mark Zuckerberg's cost-cutting measures propel Meta's efficiency
Banking & Finance
Netflix’s resurgence: 13 million new subscribers, surpassing $8.8 billion in sales
Company managed to create a positive momentum in 2024
Banking & Finance
Microsoft’s market cap surpassed $3 trillion for first time
ChatGPT's introduction spurred over 60 percent surge in company shares
Banking & Finance
Saudi company bolsters AI presence with $5 million investment in OpenAI
Through a private stock sale round of OpenAI employee shares tender offer
Banking & Finance
Mastercard, ADGM partner to digitize SME payment flows in UAE
Seamless and secure SME card offering for qualified businesses
Banking & Finance
UAE emerges as global FDI hotspot, second only to the U.S.
Global FDI flows in 2023 witnessed a marginal 3 percent increase
Banking & Finance
Oman Investment Authority introduces $5.2 billion fund to boost SME investments
Focus on green energy, tourism, and manufacturing sectors
Banking & Finance
Fintech Trends in 2024: Region’s ‘Open Banking’ market to surge
DeFi and sustainable finance gain prominence in the Middle East
Banking & Finance
Private sector imports financed by Saudi banks total SAR44,184 billion in Q3 2023
Financing facilities achieve annual growth of 10.2 percent
Banking & Finance
European banks enter 2024 bolstered by strong profit growth
Lenders expected to experience adverse effects of rising interest rates
Banking & Finance
Regional perspectives on green finance and COP28’s impact on the economy
Leveraging finance as a tool for addressing climate challenges
Banking & Finance
Revolutionizing the global economy: The unstoppable force of Fintech
Fintech's influence on banking ushers an era of accessibility and convenience
Banking & Finance
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
Banking & Finance
What will the Federal Reserve decide at its January 31 meeting?
Economic data outlines the framework for the U.S. Central Bank’s action
Banking & Finance
FAB issues first sukuk globally in 2024 worth $800 million
Setting a strong tone for Islamic finance globally
Banking & Finance
Saudi Arabia’s PIF expands stake in Japan’s Koei Tecmo to 6.6 percent
Up from 5.56 percent
Banking & Finance
Saudi Arabia takes the lead in MENA venture capital funding
Securing 52 percent of all regional startup funding during 2023
Banking & Finance
Oman’s Sohar International Bank expands into Saudi Arabia
Fostering economic growth and collaboration between the sultanate and Saudi Arabia
Banking & Finance
Saudi Arabia approves contracting regulations for non-Saudi firms
Directive related to Regional Headquarters Program
Banking & Finance
CBUAE issues rules to regulate short-term credit services
Amending regulations to regulate the growing 'Buy Now, Pay Later' financing offers
Banking & Finance
Saudi Arabia’s The Avenues Khobar secures SAR4.35 billion funding
One of the largest tourism projects in the Eastern Province
Banking & Finance
Saudi Arabia concludes €1 billion financing deal with Italy’s SACE
Strengthening trade and investment relations between the two countries
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