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Banking & Finance
Banking & Finance
Profits at top Saudi Arabian banks jump by 17.6% in Q1 2022
Growth attributed to several factors, including a buoyant energy market
Banking & Finance
Saudi shows foreign investor appetite and soaring IPOs in Q1 report
Foreign investors rose to historical levels in Q1, with 9,383 new licenses
Banking & Finance
Saudi’s PIF acquires 24% stake in Capital Bank for SAR 695 mln
Total shareholders’ equity raises to SAR 3.2 billion
Banking & Finance
S&P: Global Islamic finance to continue expansion in 2022-2023
Continued mortgage demand in Saudi supports the industry
Banking & Finance
Agility’s cash offer backed by UK-based John Menzies
The deal is expected to close in Q3 2022
Banking & Finance
Oman launches additional support package for SMEs, entrepreneurs
In an attempt to mitigate the effects of the Covid-19 pandemic
Banking & Finance
Kuwait’s Central Bank issues $1.2bn worth of bonds, tawarruq
The maturity period will be 6 months, with a rate of return standing at 2%
Banking & Finance
UAE: 90% of clients don’t relish the bank account opening process
82% of bank customers don’t favor having to physically hand over documents
Banking & Finance
Did Saudi just unleash a fintech boom?
106 deals worth in excess of $558 million, highest in the region
Banking & Finance
Turkey’s central bank keeps rate at 14% despite soaring inflation
The bank said it expects disinflation to start
Banking & Finance
Elon Musk secures additional funding to acquire Twitter
He adds $6.25 billion to Twitter bid
Banking & Finance
Crypto market downturn doesn’t dissuade venture capitalists
Blockchain startups raise record venture capital
Banking & Finance
Top 5 attractive sectors for startups to invest in
MENA startups generated $297 million in investments in April 2022
Banking & Finance
Qatari “Al Rayan” completes merger of operations with “Al Khaliji Bank”
It succeeded, in under 6 months, in completing merger procedures
Banking & Finance
UAE banks highlight increase in profitability in Q1
Deposits to grow driven by projected interest rate increase
Banking & Finance
Alpha Dhabi to invest AED9.2bn in ‘Alpha Wave Ventures II’ fund
The Fund aims to bring the best technology to Abu Dhabi
Banking & Finance
With a smile or a wave, paying in store just got personal with Mastercard
New era of biometric payments enhance the check-out experience
Banking & Finance
Does Elon Musk really want to buy Twitter?
CEO Parag Agrawal: "We aren't perfect at catching spam"
Banking & Finance
Anghami’s revenues surge to $35.5 million in 2021
Preliminary Q1 2022 revenue amounted to $9.3 million
Banking & Finance
Jadwa, GII partner to promote healthcare sector in GCC
Jadwa sold its majority stake in Al Meswak to GII
Banking & Finance
UAE’s IHC and India’s Adani ink AED 7.3 billion contract
IHC provided capital through preferential allotment route
Banking & Finance
Will Elon Musk renegotiate the Twitter deal’s value?
Musk believes fake users make up 20% of total users
Banking & Finance
Bank Muscat keeps pace with digital technologies
The bank calls on its clients to use the QR code scanning option
Banking & Finance
“S&P”: Gulf banks’ strong capital strengthens fight against electronic risks
Gulf banks reported a small number of cyberattacks in last decade
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