Central Bank Targets 65% Financial Account Ownership by 2028
The Central Bank of Jordan (CBJ) launched a workshop dedicated to the midterm review of the National Financial Inclusion Strategy…
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Saudi Arabia’s buffers offer protection against regional shocks
The outbreak of conflict in the Middle East in 2026 posed one of the most significant external challenges to the…
UAE bank deposits rise as credit grows Dh24.7 billion in June
Bank deposits increased 0.3% to Dh3.47 trillion, while gross credit rose 0.9% to Dh2.76 trillion, according to the Central Bank…
Gulf Insurance Group first-half profit jumps 89% to $76.7mln
Gulf Insurance Group (GIG) today announced a net profit of KD23.8 million ($76.7 million), or 78.06 fils per share ($0.252)…
Saudi Arabia’s AI push comes with a $42 billion price tag
Saudi Arabia’s planned AI and cloud infrastructure expansion requires up to $42bn (AED154.2bn) in project capital by 2030. Alvarez and…
Egypt, Arab Bank for Economic Development in Africa partner to boost African development
Minister of Foreign Affairs Badr Abdelatty met Sunday with Fahad Al-Dossari, Chairman of the Board of Directors of the Arab…
ADGM's FSRA signs MoU with GCGRA to strengthen regulatory cooperation
The Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi has signed a Memorandum of…
FAB strengthens UAE AI ecosystem through second SpeakEasy enterprise AI forum
First Abu Dhabi Bank (FAB), the UAE's global bank and one of the world's largest and safest financial institution, hosted…
GFH reports $76.2mln H1 profit, up 13.33%
GFH Bank has reported a net profit attributable to shareholders of $76.20 million for the first six months of the…
QIA announces investment in Lesha Bank fund
The Qatar Investment Authority (QIA) announced on Thursday its investment in Lesha Bank fund, "Lesha Qatar Opportunities Fund". In…
Saudi Arabia ranks among world’s top 10 for private AI investment: World Bank
The World Bank Group’s 2026 World Development Report, titled The Promise of Artificial Intelligence, highlights Saudi Arabia’s growing position in…
Kuwait banks seek ‘friendly’ understanding as competition intensifies on retail loan, deposit rates
Some Kuwaiti banks are pursuing a “friendly” understanding among retail banking policymakers to contain increasingly aggressive competition over individual loans…