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Banking & Finance
Banking & Finance
Financial outlook for Oman improves with high oil prices
Finance Ministry to repay loans exceeding 2.85 bn riyals at end April
Banking & Finance
GEC2022 inks 51.8 billion riyals worth in agreements
Agreements aim to promote entrepreneurship in various fields
Banking & Finance
PIF-backed Dussur signs 4 joint ventures, global acquisition deal
Agreements reflect Dussur’s appetite to invest in Saudi industrial sector
Banking & Finance
Profitability of Gulf banks rise by 40% to $35 billion in 2021
$90 billion in revenues, the highest ever
Banking & Finance
Saudi Central Bank licenses 3 new fintech companies
SAMA reaffirmed commitment to support finance and payments sectors
Banking & Finance
Kuwait’s Agility to buy Scottish John Menzies
Shareholders to receive 608 pence in cash per share
Banking & Finance
Saudi deposits $5 billion in Egypt’s Central Bank
Egypt announced it had requested assistance from the IMF
Banking & Finance
Saudi GEC: Over 6 billion riyals in third day agreements
Several programs were signed, initiatives launched and agreements
Banking & Finance
Dubai’s WGS draws a roadmap for the future
Al Gergawi: The summit seeks to highlight opportunities, reveal future challenges
Banking & Finance
SAR 28.9 billion in day 2 agreements and launches at Saudi GEC
The conference continued under the slogan "We Reinvent, We Renew"
Banking & Finance
Entrepreneurship conference in Riyadh: Agreements worth 16 billion riyals
Saudi Ministry of Investment grants 4 licenses to start-ups, one VC fund
Banking & Finance
Why did the UAE license crowdfunding activity?
SMEs represent 94% of the total number of companies
Banking & Finance
Alpha Abu Dhabi and Multiplay announce investment in DEWA’s IPO
Final price of "DEWA" on April 6 and start of trade April 12
Banking & Finance
DEWA seeks 8 billion dirhams from largest IPO in Dubai in 15 years
Price range between 2.25 and 2.48 dirhams per share
Banking & Finance
Egypt seeks IMF support
The IMF praised "authorities' recent actions to expand targeted social protection
Banking & Finance
ADQ, Turkey Wealth Fund to support Turkish startups
Fund will invest in companies developing new tech or improving existing ones
Banking & Finance
Is devaluing the Egyptian pound a prelude to new IMF deal?
Egypt’s Central Bank Governor: Maintain FX liquidity, investor confidence
Banking & Finance
Shuaa acquires majority stake in financial technology company “Souq Al Mal”
Souq Al Mal to implement ambitious growth plan over 2 years
Banking & Finance
Egyptian pound declines after interest rate increase … CDs at 18% returns
The Central Bank raises interest rates for the first time since 2017
Banking & Finance
Successive financial crises in Egypt…yet no fear of liquidity crises in banks
The Central Bank of Egypt is expected to raise interest rates
Banking & Finance
Saudi Aramco annual profits jump 124%, highest since IPO listing
It announced cash dividends of 70.3 billion riyals
Banking & Finance
Gulf central banks follow the “Federal”, raise interest rates
The US Reserve rate increase among many expected this year and next
Banking & Finance
Federal Reserve raises interest rates for first time since 2018
It signaled seven rate hikes for this year to bring inflation under control
Banking & Finance
SHUAA joins growing list of regional companies going SPAC
The SPAC will be merging with tech-based financial services businesses
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