Banking & Finance

This week, Egypt begins discussions with IMF

The Spring Meetings examine the global economic impact of war and food security concerns

Kuwait Fund reacts to Sri Lanka defaulting on $51 billion

This comes ahead of negotiations for an IMF bailout

FAB backs out of acquiring EFG Hermes

The decision is due to the instability in global markets and economies

S&P: Strong likelihood Lebanon won’t fulfil IMF commitment

Consolidation of exchange rates is complex due to weak economic conditions

Saudi expected to have a record year for M&As

GAC approves 88 percent of applications in Q1

ADQ acquires stakes in 5 Egyptian companies for $1.82 billion

Stake acquisition of the Commercial International Bank for $911.4 million

Egypt diversifying funding sources to deal with the economic crisis

Egypt, Saudi collaborate to invest in Saudi's fintech sector

Investcorp seeking cash to take stakes in blockchain startups

eLydian Lion will be run from Investcorp's Abu Dhabi office

S&P: Saudi banks will benefit from interest rate increases

For every increase of 100 basis points, Banks' net income to increase by 13%

SAMA adopts measures to protect clients from financial fraud

The monetary authority halted opening of online bank accounts

Abu Dhabi grants “Binance” preliminary approval to trade digital assets

Binance will provide its services in the Middle East and North Africa region

The IMF, Lebanon reach draft financing agreement

Lebanon to implement 8 reforms as pre-conditions to IMF Board approval

GMG” acquires 18 “Geant” stores in the UAE

Acquisition marks GMG’s first entry into food retailing

The Fed to move faster on interest rates

Committee on Open Markets expected to agree to reduce balance sheet at May 3 meeting

DEWA’s subscription demands reached world records

The high demand underlines the strength of Dubai's economy

Al Moammar, Fransi Capital agree to launch a VC fund

$40 million to invest in Saudi technology startups

Citi agrees to sell consumer bank in Bahrain to Ahli United Bank

Citi Continues to Invest in Bahrain and Support Institutional Clients

EDB contributes 1.91 billion dirhams to UAE’s GDP

The strategy supports UAE’s industrial development, economic diversification