Banking & Finance

Middle East on cusp of a real-time payments revolution

Region could reap huge dividends from real-time payments

Saudi banking sector rebounds amid recovery from pandemic

Net income increased by 15.5 percent to 48.8 billion Saudi riyals

“Fitch”: Saudi banks recovering well from pandemic pressures

Higher interest rates in 2022-2023 would further support it

Bahrain increases private sector bank lending to 6.43%

The money supply increased in March by 4.22 percent

Lebanon probe receives account data on CB governor’s brother

Alleged embezzlement of at least $330 million in public funds

Fed’s decision pushes 5 Gulf countries to raise interest rates

Another ¾ of a percentage point increase expected at June meeting

Fitch Revises Outlook on PIF to Positive; Affirms at ‘A’

The fund's total assets at end-2020 were 47.1% of national GDP

ADNOC acquires Mubadala’s stake in Borealis

Upon completion of the transaction, Borealis will be 25% by ADNOC

Microsoft’s quarterly revenue growth rises to $17 billion

Earnings were driven by demand for cloud-computing services.

The shareholders of “Takaful” and “National” agree to merge

The $70.7 million company will be the largest provider by market share

Fintech and banking: Finastra BaaS solutions for a global world

Fintech, developers can drive market opportunities on FusionFabric.cloud

A remarkable rise in net profits of Saudi banks in Q1

Saudi “Al-Rajhi” and “Al-Ahly” achieve net profits exceeding $1 billion

GCC banking system outlooks stable as oil prices help economies rebound

An expected upturn for the Gulf economies due to the rise in oil prices

Expo 2020 Dubai awards $1.8 billion in contracts to SMEs

These companies accounted for more than a quarter of all contracts by value

Fitch adjusts its outlook for Aramco to “positive”

“The company will maintain flexibility and continue to generate strong profits”

Musk buys Twitter at a 38% premium

Twitter has over 217 million daily users

Saudi’s new law may increase international business by 50%

Law ensures equal treatment for both Saudi, foreign investments