Banking & Finance

Shuaa Capital streamlining business following $39.2 mn loss

Busines addressing non-cash expenses, optimisation measures

Bayzat receives funding from MBRIF to fuel expansion plans

Fund to be used to strengthen Bayzat's technical development team

Saudi’s PIF invests $1.3 bn in four Egyptian firms

"Deal in line with Egypt's plan to encourage FDI"

Kuwait Central Bank raises the discount rate by 25 bps

This is the second increase in discount rates in several weeks

IHC achieves net profits of $2.82 bn for H1

H1 total revenue increased 121% to AED 21.93 bn

Türkiye’s banking sector H1 net profit surges 400% yoy

As of end-June, sector loans totaled 6.3 trillion lira

UAE’s BNPL Tabby secures $150 mn financing

The firm's total capital raised to date amounts to $275 mn

UAE’s banking sector assets increase in May

Assets rose 2.9% to 3.442 trillion dirhams

Euromoney names Ahli United best bank in Bahrain

AUB delivered outstanding performance and strong financial results

GCC’s financial wealth will reach $3.5 trillion in 2026

The Boston Group: The UAE is in a very good position

Amazon, apple beat expectations on revenues, profits

Offering reassurance to an earnings period weighed down by inflation

UAE Central Bank imposes sanctions on 6 banks for compliance failure

For failing to comply with due diligence and reporting procedures