Banking & Finance

Bahrain increases private sector bank lending to 6.43%

The money supply increased in March by 4.22 percent

Lebanon probe receives account data on CB governor’s brother

Alleged embezzlement of at least $330 million in public funds

Fed’s decision pushes 5 Gulf countries to raise interest rates

Another ¾ of a percentage point increase expected at June meeting

Fitch Revises Outlook on PIF to Positive; Affirms at ‘A’

The fund's total assets at end-2020 were 47.1% of national GDP

ADNOC acquires Mubadala’s stake in Borealis

Upon completion of the transaction, Borealis will be 25% by ADNOC

Microsoft’s quarterly revenue growth rises to $17 billion

Earnings were driven by demand for cloud-computing services.

The shareholders of “Takaful” and “National” agree to merge

The $70.7 million company will be the largest provider by market share

Fintech and banking: Finastra BaaS solutions for a global world

Fintech, developers can drive market opportunities on FusionFabric.cloud

A remarkable rise in net profits of Saudi banks in Q1

Saudi “Al-Rajhi” and “Al-Ahly” achieve net profits exceeding $1 billion

GCC banking system outlooks stable as oil prices help economies rebound

An expected upturn for the Gulf economies due to the rise in oil prices

Expo 2020 Dubai awards $1.8 billion in contracts to SMEs

These companies accounted for more than a quarter of all contracts by value

Fitch adjusts its outlook for Aramco to “positive”

“The company will maintain flexibility and continue to generate strong profits”

Musk buys Twitter at a 38% premium

Twitter has over 217 million daily users

Saudi’s new law may increase international business by 50%

Law ensures equal treatment for both Saudi, foreign investments

Emirates NBD achieves a jump in net profits as the economy recovers

Played a leading role in the IPO of Dubai Electricity and Water Authority

AC Milan could soon have new Arab owners at the helm

Bahrain confirms firm's talks to buy Italian football giant for $1.1 billion

Saudi aims to increase SME’s non-oil exports

The new program to support SMEs through providing trade finance facilities

Kiosks: Smart digital corners that aggregate just about anything

Services are delivered promptly 24/7, replacing long waiting hours

How will the Kuwaiti banking sector perform in 2022?

“S&P”: Oil prices, interest rates, pave the way for banks’ recovery, lower NPLs