Banking & Finance

Qatar: Two companies granted first licenses for digital payments

Step to contribute to the development of the fintech sector

IMF agrees to disburse two tranches of $1.17 bln to this country

“IMF approved 7th, 8th reviews of fund facility for Pakistan”

Central bankers around the world declare war on inflation

They are at risk of losing the confidence they built over decades

Qatar Sovereign Fund considers $3 bln in Pakistan

Qatar is evaluating investments in Pakistan’s main airports

Emaar enters final stages of selling Namshi to Noon

The deal is expected to close in the next 6 months

IHC subsidiary Palm Sports renews AED306 mn government service agreement

Company to provide 350 world-class Jiu-Jitsu coaches across UAE

Saudi, UAE highest earners of investment banking fees regionally

Investment banking fees in MENA amounted to $806 mln in H1

UAE’s MAF posts AED 18 bln in revenues for H1

Driven by a steady economic recovery in retail, leisure sectors

Saudi fintech Tamara amasses $100 mln led by PIF

Funding will be used to support innovation in payment and shopping

UAE investments in Egypt increase by 169% in H1: Data

Trade exchange between two countries surged by $1.2 bn in Q1

Emaar plans Namshi sale to Noon for $335.2 mn

Emaar will receive the total value of the selling price in cash

What happens if you don’t repay a loan in the UAE

The borrower may face a travel ban in the execution case

Arab banks’ assets exceed $4 tn in 2021

It surpassed the pandemic with no adverse effects on its financial balance sheets

Oman’s first-ever PPP schools project has 10 bidders

10 bidders have been qualified to proceed to the next stage

UAE announces new incentives for SMEs

The beneficiaries should be members of accredited SME funds or programmes