Banking & Finance

UAE’s MAF raises $1.25 bn loan to promote ESG targets

Fist ABu Dhabi Bank coordinated the transaction as a sustainability agent

Is Saudi’s Crown Prince considering investing in Credit Suisse Unit?

The bank has not yet received a formal proposal from any Saudi entity

Fintech and digital banking: GCC countries reserve their seats

Digital banking has become a way of life for consumers

Dubai’s investment arm registers record revenues of AED 121.1 bn

Despite the global economic slowdown and uncertainty worldwide

DIFC: Innovation, Fintech, driving MEASA growth and investment landscape

Dubai is consistently the highest-ranked financial centre in MEASA 

Maghreb region has the potential to become a strong startup hub

2 out of 5 North African mega investments in 2022 went to Maghreb region

M&A deals among MENA insurers expected to pick up

Insurance companies are competing to remain relevant

FIFA’s revenue exceeded $7.5 bn over past 4 years

Increasing by $1 bn over the previous World Cup edition

UAE companies display varied Q3 financial gains

Shuaa Capital, GCICO were able to return to profitability

PIF-owned SALIC acquires stake for AED 209 mn in a rice company

By raising capital and purchasing shares from main owners

Dubai’s DEWA Q3 net profit up 10% to $863 mn

Company's 9-month profits are close to last year's full returns

Egypt reveals $16 bn funding gap

Expected to be reduced after reaching agreement with IMF

Kingdom Holding Company’s earnings jump 226% in Q3

6.7 billion riyals of the company's profits in 9 months

Qatar’s sovereign fund deposits $1 bn with Egypt’s Central Bank

Following discussions about acquiring stakes in Egyptian companies

UAE’s IHC 9-month profits surge 236 percent to $6.53 billion

On continued momentum in strategic direct and indirect acquisitions

Digitizing payments among top goals for companies in 2023

Organizations are rethinking conventional business processes, practices

GCC banks’ profits returning to pre-pandemic levels: S&P

Driven by robust economic activity, higher interest rates

POS transactions in Bahrain increase to $125.5 mn in 2021

Total value of such payments amounted to 3.2 billion dinars