Banking & Finance

Kuwait Finance House raises offer to acquire Bahrain’s Ahli Bank

A deal that ranks among the banking sector’s biggest this year

Fattouh: Arab banks must raise their flexibility to absorb challenges

War and oil will be reflected in banks in both rich and poor countries

UAE teams up with global bank to accelerate capital market growth

Agreement to increase international investor access to the UAE’s market

Suez Canal posts highest ever annual revenue in 2022/21

The Canal's revenues are expected to increase to $13.5 bn in 2023

AD Ports to acquire $140 mn stake in two Egypt-based companies

Move marks first international acquisition realized by the Group

What are the new measures established by Egypt’s Central Bank?

It Increased cash withdrawals from ATMs of other banks to 4,000 EGP

World Bank approves $500 mn development financing for Egypt

Funds will help strengthen Egypt’s resilience to food crises

Qatar pledges $100 mn to establish platform to recover distressed assets

It will aim to provide liquidity to financial institutions and credit markets

Alpha Dhabi becomes parent company of Aldar Properties

Alpha Dhabi is now Aldar's single largest shareholder

Saudi banking sector Q1 net profit increases 22.83%: KPMG

The banking industry showed a resurgence with an increase in profit of 40.15%

Turkish parliament approves Istanbul Financial Center law

Project expected to generate more than 120,000 job opportunities

UAE launches two-tranche dollar-denominated bonds

Bonds comprises a 10-year tranche and 30-year Formosa portion

Hybrid-cloud infrastructure is essential for large-scale banks – Here’s why

Banks 300 times more likely than any other industry to be cyber targeted

What did Twitter board decide about Musk’s buyout deal?

Musk appeared virtually yesterday at Qatar Economic Forum

Kuwait’s Al Ahli approves acquisition of Gulf Bank

Meeting approved start of due diligence work on JV deal

Saudi’s Ministry of Human Resources registers SAR34.7 bn in revenues

Revenue from expatriate fees amounted to 6.86 billion riyals

UAE Ministry of Finance announces second auction of federal treasury bonds

The auction is part of the AED 9 billion T-Bonds issuance program for 2022

Oman’s Sohar Bank intends to merge with HSBC Oman

SAOG to offer HBMO shareholders cash and shares

Migrants still sending billions home despite pandemic hurdles

Money transfers amounted to about $605 billion in 2021