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Cumulatively, banks recorded a total profit of $9.27 billion in the first five months of 2024
Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister
The investment includes $100 million in five-year convertible debentures and $400 million in a five-year loan
The DFSA recorded its highest number of authorizations, licensing over 100 new firms in 2022-2023
The $400 million MASAR Program aims to equip Jordanian youth with skills for the labor market and economic transformation
Sovereign wealth funds globally invested $64.2 billion in 135 deals while PPFs spent $31.9 billion on 101 deals in H1 2024
Egypt's net foreign assets have risen by $43 billion since January due mainly to international support
The fund swung to a profit of $36.81 billion in 2023, after posting a loss of $15.6 billion a year earlier
The project will expand DIFC's real estate with offices and retail, meeting the demand for prime office space in Dubai's financial district
GCC banks' revenue-to-assets ratio is 3.2 percent, well above the global average of 2.3 percent
The oversubscription highlighted the bank's financial strength and prudent management
Remittances to LMICs are expected to grow 2.3 percent in 2024, but unevenly across regions
Fund approves $3 million grant to establish the OPEC Fund Food Security and Climate Adaptation Facility
The manual aims to leverage private sector expertise to benefit the government
In a statement, CBK explained that the issuance period is three months, with a return rate of 4.375 percent
The regulation will also help consolidate the financial sector's competitiveness and support the UAE's economic growth
The expected cumulative minimum yield from this new dividend policy during the 2024-2028 period is more than 27 percent
Islamic banking now constitutes 5 percent of the total banking sector in Egypt
During the Egyptian-European Investment Conference, Egypt secured a $1.069 billion agreement with the EU
The chemicals sector accounted for 52.4 percent of the total
Gross paid claims of all types of insurance plans increased by 18.3 percent YoY to AED8.4 billion in Q1 2024
ETFs are investment vehicles that track the performance of a specific market index, such as the STI or the S&P 500
Cumulative credit balance for these two sectors rose by 2.1 percent to $206.2 billion by the end of March 2024
The emirate was also recognized for its strengths in the FinTech, AgTech and New Food, and ClimateTech sectors
