Banking & Finance
The minister highlighted the country's interest in strengthening economic and financial cooperation
The company’s board approved a dividend payment of SAR 329.0 million for 2023, payable in 2024
The net foreign assets increased to 419.17 billion
Formal SMES are key contributors to national income and job creation
FAB seeks to triple revenues and strengthened bilateral ties with China
An over-subscription of 2.5 times demonstrates investor trust in the lender
This transaction holds significance as it marks the debut of a state-owned bank from Uzbekistan in the MENA region.
Fund aims to foster a thriving VC community, generate market-level commercial returns
The company reported net profit of $8.97 billion
Fueling UAE's economic growth and industrial advancement
This growth was primarily driven by a 28 percent increase in net interest income
Abu Dhabi's sovereign wealth fund expands presence in private credit markets
These bills hold a maturity period of 182 days
Saudi banks dominated the GCC’s banking conversation
A total of AED7.58 billion will be distributed as dividends to Emirates NBD shareholders
During a visit to Emirates NBD headquarters on the occasion of the bank’s 60th anniversary celebrations
Challenges and risks arise as social media democratizes investment information
Experts take stock of the progress made on the restructuring front in the MENA economies so far.
The Islamic finance sector experienced an 11 percent growth in 2022
The platform aligns with Abu Dhabi Islamic Bank’s vision for expanding digital services
GCC banks’ strong profitability provides robust shield against potential losses from cyber incidents
No significant losses from cyber incidents for rated GCC banks
Non-oil revenues in 2023 surged by 11 percent YoY
Analysts cite uncertainties surrounding timing of rate reductions
