Banking & Finance
Strategic Bolt partnership impacted short-term profits as DTC eyes long-term growth
Capital deployed increased by 33.7 percent to $32.4 billion
The official reserves include bonds, foreign treasury bills, gold, and Special Drawing Rights (SDRs)
Late submission of tax registration applications now eligible for penalty waivers within specified deadlines
UAE aims to establish a sustainable platform for exchanging expertise between BRICS countries
Qatar's islamic banking surged to $160.9 billion, outperforming conventional banks
Proceeds will provide growth capital and fund projects that advance ADQ's mandate and long-term growth ambitions
Chinese corporations are increasingly turning to Dubai, with over $22 billion in debt on the exchange at the end of 2024
U.S. and Chinese officials prepare for crucial talks in Switzerland to ease trade tensions
The collaboration enables Whish Money to integrate Visa’s advanced payment technologies for improved services
The strategy aims to increase the assets of UAE Islamic banks from AED986 billion to AED2.56 trillion within six years
Q1 EBITDA surged by 15.0 percent, achieving a remarkable margin of 47.4 percent.
Net proceeds will support ADNOC Group for general corporate purposes and funding diversification
Saudi Arabia’s total revenues hit $70.3 billion in Q1 2025 amid strong commitment to economic vision
Kingdom’s oil revenues generated $39.94 billion during the quarter
Company’s diverse portfolio has been crucial for driving revenue growth and enhancing profitability
Saudi Arabia led MENA startup funding during the month, attracting $158.5 million across eight deals
EBITDA rose by 11 percent to $275 million, the highest first-quarter result since 2017 IPO
Visa CEO emphasized the need for secure AI-enabled payments in evolving commerce landscape
Diverse asset portfolio and long-term strategy drive 23 percent YoY profit increase
The seven-year sukuk was more than 6.5 times oversubscribed, with orders exceeding $9 billion
This investment is the single largest investment in a crypto company and the largest investment ever paid in stablecoin
New RHQ will enhance operations and services across the Middle East
The rise in interbank liabilities accounted for 55 percent of Saudi banks' external debt increase
