Banking & Finance
Sharjah also featured in the Top 15 rankings for both the Knowledge and Performance categories
Oman's public debt to GDP declines from 36.5 percent by the end of 2023 to 33.9 percent during H1 of 2024
Commercial banks' credit facilities rise 4.9 percent to QAR1.31 trillion in April
Payment solution offers flexible repayment plans spanning up to 60 months with no down payment
Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region
Crypto assets are available 24/7, have near-zero costs and are fully programmable
UAE Central Bank Law and Commercial Transactions Law are key legislative instruments
More than half of survey respondents believe that instalments would help manage finances
Oman's addition brings AFAQ's total number of participant banks from the GCC region to 67
Of the 19 offers it received, the central bank accepted only 17 with a value of $500.6 million
Bahrain's total outstanding value of government treasury bills stands at $5.6 billion
Board meeting also approves a series of policies that aim to support the banking and insurance sectors
Total foreign liabilities held by the CBE and commercial banks in April reached EGP32.523 trillion
Total value of bids for the Treasury bills and Islamic bonds reached QAR 11 billion
Open Finance is beneficial for both fintechs and their customers
The UAE has signed 146 double taxation avoidance agreements to date
Personal loans constituted 47 percent of banks' total lending, while corporate loans made up the remaining 53 percent
EDB’s targeted financing includes AED1 billion allocated for co-lending with commercial banks
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
E-commerce and retail sector retained its position as the leading industry in Saudi Arabia's venture landscape
The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent
Banking sector's loans and advances grew 3.4 percent, reaching their highest level post-COVID-19
Total bids for Qatar's treasury bills and Islamic Sukuk reached QAR4.4 billion
