Banking & Finance

Burger Index raises $1.3 mn seed funding to expand into GCC

The round was led by venture capital firm Flat6Labs

UAE banks report $49.8 bn profit in 2022

Aggregate net income increased by 31.7% YoY

Biden reassures Americans: Your deposits are there when you need them

Silicon Valley and Signature shareholders will lose everything."

Biban 2023 witnesses inking of $2.66 billion worth of deals

Agreements aim to support small and medium enterprises

EFG Hermes discusses investor sentiment for frontier, emerging markets

During the 17th Annual EFG Hermes One-on-One Conference opening session

EFG Hermes inaugurates 17th One-on-One Conference in Dubai

Offering insights into key trends impacting today's frontier, emerging markets

ADNOC Gas IPO touches $2.5 billion mark

Became the largest listing ever on the Abu Dhabi Securities Exchange

UAE banks held AED528 bn in total investments in 2022

This represents increase of over AED54 bn compared to 2021

Startups in UAE, Saudi, and Egypt raised almost $3.5 billion in 2022

The UAE came out on top with $1.85 billion in investments

ADGM, Zand Bank ink MoU to support SMEs in UAE

Over 1,000 firms established operations within ADGM in first six months of 2022

For the first time. Egypt issues $1.5 bln sovereign sukuk

Egypt aims to raise $5 billion in sukuk issuances within 6 months