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Fitch expects Qatar's oil and gas revenue to drop under its assumption that the Brent oil price will average $70/bl in 2025
Approved projects in food security, health, education, and transportation support achieving the SDGs
In 2024, Air Arabia added 31 new routes from its hubs in the UAE, Morocco, Egypt, and Pakistan
The issuance is valid for three months, at an income rate of 4.125 percent
In 2024, the group achieved revenues of AED25.8 billion, EBITDA of AED4.1 billion and a net profit of AED1.7 billion
Upon shareholder and regulatory approvals, the share buyback would be conducted through open market transactions
Bank of Sharjah's operating income nearly tripled from AED271 million in 2023 to AED727 million in 2024
Bank reported a total income of AED23.3 billion, marking a 16 percent year-on-year growth
Reconstruction and recovery requirements following the conflict that affected Lebanon are estimated at $11 billion
This marks a year-on-year rise of 15.9 percent
The issuance attracted strong investor interest, with orders exceeding $4.4 billion, reflecting market confidence
Bank credit was $693 billion during the same period in 2024
In 2023, Scopely was acquired by Savvy Games Group, a subsidiary of Saudi Arabia’s PIF, for $4.9 billion
CBUAE reported M1 money supply rose 2.3 percent to $257.7 billion by December 2024
Now spanning approximately 14.3 million square meters, ADGM has become one of the world’s largest international financial centers
Al Etihad Payments ties up with Mastercard to offer the co-branded cards in the UAE
The total net profit of Saudi banks rose to SAR80 billion in 2024 from SAR70 billion in 2023
The AGM highlighted ADIB's strong business momentum and the exceptional 2024 performance
The company's 2024 financial results show resilience with $1.22 billion net earnings, a 24 percent YoY increase
The $135.97 million financing will enable the acquisition of vital equipment and ensure project success
Domestic transactions use UAESWITCH; cross-border transactions outside GCC will utilize Visa's global network, VisaNet
As part of the campaign, a startup pitch competition featured 20 innovative companies
Demand deposits, which constitute the largest share, accounted for 49.3 percent of the total liquidity at SAR1.440 trillion
This code promotes integrity, transparency, and fairness in the wholesale foreign exchange market practices
