Banking & Finance
Chinese corporations are increasingly turning to Dubai, with over $22 billion in debt on the exchange at the end of 2024
U.S. and Chinese officials prepare for crucial talks in Switzerland to ease trade tensions
The collaboration enables Whish Money to integrate Visa’s advanced payment technologies for improved services
The strategy aims to increase the assets of UAE Islamic banks from AED986 billion to AED2.56 trillion within six years
Q1 EBITDA surged by 15.0 percent, achieving a remarkable margin of 47.4 percent.
Net proceeds will support ADNOC Group for general corporate purposes and funding diversification
Saudi Arabia’s total revenues hit $70.3 billion in Q1 2025 amid strong commitment to economic vision
Kingdom’s oil revenues generated $39.94 billion during the quarter
Company’s diverse portfolio has been crucial for driving revenue growth and enhancing profitability
Saudi Arabia led MENA startup funding during the month, attracting $158.5 million across eight deals
EBITDA rose by 11 percent to $275 million, the highest first-quarter result since 2017 IPO
Visa CEO emphasized the need for secure AI-enabled payments in evolving commerce landscape
Diverse asset portfolio and long-term strategy drive 23 percent YoY profit increase
The seven-year sukuk was more than 6.5 times oversubscribed, with orders exceeding $9 billion
This investment is the single largest investment in a crypto company and the largest investment ever paid in stablecoin
New RHQ will enhance operations and services across the Middle East
The rise in interbank liabilities accounted for 55 percent of Saudi banks' external debt increase
Primary market dollar issuance shows promise despite recent quietness in the GCC region
Gate Dubai is accelerating the expansion of its local team and preparing for its official launch
Corporate customers can now make instant payments for MoHRE services through the new wallet
Revenues rose by 75 percent YoY compared to the same period in 2024
Bank's total assets grew 6 percent, crossing the AED 1.3 trillion milestone for the first time
The stablecoin will be regulated by the Central Bank of the UAE, enhancing payment ease
Sukuk issuance priced at 60 basis points over U.S. Treasuries attracted robust investor interest
