Banking & Finance

Kuwait’s Al Ahli, Gulf banks explore merger deal

Potential to convert into one Sharia-compliant financial institution

S&P: Turkish banks’ external loans subject them to danger

S&P does not expect any liquidity issues with Turkish banks

Beltone takeover bid: UAE’s Chimera offers acquisition above WM Consulting price

Chimera's offer is about 10% higher than its Egyptian competitor’s

Sheila Alrowaily, the first woman to serve on SAMA’s board of directors

Increasing share of women in work in MENA could increase the GDP to $2 tn

Subsidiary to Saudi PIF buys a $1bn chunk of Embracer gaming group

The games and esports company will hold 8% of the shares

Meeza cards to be soon available for Egyptians in UAE, Jordan

As part of a cooperation agreement between the three nations' central banks

Profits at top Saudi Arabian banks jump by 17.6% in Q1 2022

Growth attributed to several factors, including a buoyant energy market

Saudi shows foreign investor appetite and soaring IPOs in Q1 report

Foreign investors rose to historical levels in Q1, with 9,383 new licenses

Saudi’s PIF acquires 24% stake in Capital Bank for SAR 695 mln

Total shareholders’ equity raises to SAR 3.2 billion

S&P: Global Islamic finance to continue expansion in 2022-2023

Continued mortgage demand in Saudi supports the industry

Oman launches additional support package for SMEs, entrepreneurs

In an attempt to mitigate the effects of the Covid-19 pandemic

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%

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

Did Saudi just unleash a fintech boom?

106 deals worth in excess of $558 million, highest in the region

Top 5 attractive sectors for startups to invest in

MENA startups generated $297 million in investments in April 2022

Qatari “Al Rayan” completes merger of operations with “Al Khaliji Bank”

It succeeded, in under 6 months, in completing merger procedures