Banking & Finance
IHC provided capital through preferential allotment route
Musk believes fake users make up 20% of total users
The bank calls on its clients to use the QR code scanning option
Gulf banks reported a small number of cyberattacks in last decade
This translates into 4.255 percent of valU’s issued capital
The company announced completion of $1 billion funding for 2022
$3.45 billion, the value of the financial technology sector in 2026
Region could reap huge dividends from real-time payments
Net income increased by 15.5 percent to 48.8 billion Saudi riyals
Digital banking market will reach $30.1 billion in 2026
Higher interest rates in 2022-2023 would further support it
MENA M&A deals reach $21 billion in Q1
The money supply increased in March by 4.22 percent
Musk secures over $7 billion
Alleged embezzlement of at least $330 million in public funds
Another ¾ of a percentage point increase expected at June meeting
The fund's total assets at end-2020 were 47.1% of national GDP
Upon completion of the transaction, Borealis will be 25% by ADNOC
Earnings were driven by demand for cloud-computing services.
The merger with "Awda Misr" scheduled in next few months
The $70.7 million company will be the largest provider by market share
