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Economy Middle East Summit
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Central Bank
Banking & Finance
UAE banking sector sets new record with AED4 trn in assets
Total bank credit reached AED1.982 trillion by the end of October
Economy
CBUAE budget balance reaches AED647.6 billion in October
Balance sheet includes AED283.9 billion in cash and AED206 billion in investments
Banking & Finance
Saudi Arabia launches FinTech program Makken to boost financial innovation
Efforts fall under Financial Sector Development Program
Banking & Finance
Saudi Central Bank sets guidelines for BNPL companies, fueling fintech growth
SAR5 mn minimum capital requirement
Banking & Finance
CBUAE adopts AFAQ to enhance regional financial connectivity
UAE joins gulf payments company to revolutionize safe cross-border transactions
Economy
Final week of meetings for major central banks: Interest rates to remain unchanged
Projected rise in annual inflation rate in the U.S.
Economy
Türkiye’s Central Bank raises interest rates to 35 percent to reign in inflation
Annual inflation rate surpassed 60 percent once again last month
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