Banking & Finance
Russia 2nd to US in terms of Swift users
Dedicated office and expanded regional headcount to drive growth
Banks reduce operating costs following losses
The IMF welcomes financial sector’s resilience and ongoing reforms
The corporate tax on profits will replace several fees businesses currently pay
It’s the second such increase since 2019
The total amounted to $221.7 billion, with Saudi and Kuwait leading
Two Abu Dhabi state funds and 2 private sector investors in the running
BNPL is framed as an interest-free alternative to credit card payments
Next could be the fastest rate of price increases since the 1980s
76% of Arab central banks considering issuing digital currencies
S&P Global economists expect the Fed to raise rates six times this year
PIF’s ranking rose to sixth in the world, having compiled assets worth $580 billion
The IPO is the premiere listing of Egyptian cosmeceutical players
Transaction conditional upon the completion of a comprehensive due diligence
Fitch: Even without a debt law, the government meets its financing obligations
In 2015, 20 SPACs raised $3.9 billion in funds globally
Al Saidi to “Economy Middle East”: It will boost tax revenues, transparency
Total Sukuk issuances would range between $145-150 billion in 2022
Agency predicts rate hikes from central banks in union
Stabilizing inflation among institution's main goals
ECB still buying govt bonds, corporate securities
