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Banking & Finance
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
Banking & Finance
The Federal Reserve to enact first rate hike since 2018
Global central banks unveil their monetary policies this week
Banking & Finance
The ECB suddenly accelerated ending its stimulus program
ECB left the option of raising interest open before the end of the year
Banking & Finance
US Inflation at its highest level in 40 years
"Goldman" warns the US economy could be in a recession next year
Banking & Finance
Egyptian food prices raise inflation to highest levels in 32 months
JP Morgan: There is a likely need to depreciate the pound
Bahrain
Bahrain’s banking sector to benefit from expected interest rate hikes
$ 217.5 billion in sector assets at end 2021, or 6.5 times the GDP
Banking & Finance
Saudi World Defense Show records deals worth SAR 29.7 billion
22 localization and capacity building agreements were announced
Banking & Finance
DEWA to delay announcement of its intention to float
The company still plans to list in April
Banking & Finance
Digital banks in Kuwait make their presence felt
Digital banks will be subject to all supervision and control requirements
Banking & Finance
Alvarez on UAE banks: Assets and profitability are likely to grow in 2022
Banks are likely to keep reserves much larger than risk portfolios require
Banking & Finance
“OBG”: Gulf countries aim for balanced budgets despite high oil prices
Saudi Arabia expects the first surplus in 8 years
Banking & Finance
S&P: Interest rate hikes, economic acceleration to benefit UAE banks
Economic activity to accelerate in 2022 prompted by high and rising oil prices
Banking & Finance
UAE’s MoF receives leading Federal Entity excellence award
ًinning the award is an incentive to continue on the path of excellence
Banking & Finance
Oman achieves a budget surplus of 18 million riyals
Production and oil and gas prices contributed to strengthening the budget figures
Banking & Finance
Saudi Arabia’s actual budget deficit lower than 2021 estimations
Non-oil sector constituted 88% of the total increase in actual revenues
Banking & Finance
Washington bans any dealings with the Russian “Central Bank”
Norway removes Russian assets from $1.3 trillion wealth fund
Banking & Finance
Europe does not agree to ban Russia from “Swift”
Moscow plans to borrow less and use national wealth funds
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