Banking & Finance

UAE Ministry of Finance announces second auction of federal treasury bonds

The auction is part of the AED 9 billion T-Bonds issuance program for 2022

Oman’s Sohar Bank intends to merge with HSBC Oman

SAOG to offer HBMO shareholders cash and shares

Migrants still sending billions home despite pandemic hurdles

Money transfers amounted to about $605 billion in 2021

Qatar Airways announces record profit in its history

Net profit reported is valued at $1.54 billion

Sheila Alrowaily’s first interview after SAMA’s appointment

"The Kingdom's leadership has promoted Saudi women to many positions"

Veteran female bankers launch International Council for Women in Finance

El-Hilaly to Economy Middle Al Raha: “Simple and Versatile Platform”

Mega investors opt for Dubai lured by favorable financial future

Inflation, geopolitical tensions impacted HNWI's spending patterns

Kuwait’s Al Ahli, Gulf banks explore merger deal

Potential to convert into one Sharia-compliant financial institution

S&P: Turkish banks’ external loans subject them to danger

S&P does not expect any liquidity issues with Turkish banks

Beltone takeover bid: UAE’s Chimera offers acquisition above WM Consulting price

Chimera's offer is about 10% higher than its Egyptian competitor’s

Sheila Alrowaily, the first woman to serve on SAMA’s board of directors

Increasing share of women in work in MENA could increase the GDP to $2 tn

Subsidiary to Saudi PIF buys a $1bn chunk of Embracer gaming group

The games and esports company will hold 8% of the shares

Meeza cards to be soon available for Egyptians in UAE, Jordan

As part of a cooperation agreement between the three nations' central banks

Profits at top Saudi Arabian banks jump by 17.6% in Q1 2022

Growth attributed to several factors, including a buoyant energy market

Saudi shows foreign investor appetite and soaring IPOs in Q1 report

Foreign investors rose to historical levels in Q1, with 9,383 new licenses

Saudi’s PIF acquires 24% stake in Capital Bank for SAR 695 mln

Total shareholders’ equity raises to SAR 3.2 billion

S&P: Global Islamic finance to continue expansion in 2022-2023

Continued mortgage demand in Saudi supports the industry