Banking & Finance

30% of major banks will launch BaaS for new revenue by 2024

But half will not meet targeted revenue expectations

UAE’s fourth auction of 5-year T-bonds achieves AED 1.5 bn

As part of the AED 9 bn T-Bonds issuance program for 2022

UAE: AED 33.5 bn in financing for trade, industry

Cumulative credit balance amounted to AED 718.1 bn in June

ADCB raises $500 mn with debut green bonds

Transaction attracted $1.9 bn in orders from regional, international investors

Al-Jadaan at the opening of Euromoney: Saudi economy emerged stronger than ever

"We are committed to carry out vision programs, broaden economic base"

3% annual growth in CBUAE gold balance by end June

Investments of banks  in UAE rise by 4.3% on annual basis

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