UAE leads MENA M&A boom with 63 deals in Q1-25
The MENA region witnessed 225 mergers and acquisitions (M&A) activity deals in Q1 2025, up from the 172 deals recorded…
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Abu Dhabi's Mubadala sells $1bln in 10-year sukuk
Abu Dhabi sovereign wealth fund Mubadala has sold $1 billion in 10-year U.S. dollar-denominated Islamic bonds, or sukuk, in its…
UAE Central Bank imposes Dh18m fines on two foreign bank branches
The Central Bank of the UAE has imposed a total of Dh18.1 million in financial penalties on two UAE branches…
Ajman Bank appoints head of Fintech & AI underscoring commitment to digital innovation
Ajman Bank has announced the appointment of Tahir Turksoy as the Head of Fintech & AI within the Consumer Banking…
Turkish central bank raises reserve requirements
The Central Bank of the Republic of Turkey has raised the reserve requirement ratio for commercial banks borrowing from abroad…
Jordan’s major bank data stolen, claim hackers
A major bank in Jordan has allegedly been hit by a ransomware attack. Hackers are threatening to release confidential data…
NBK-Egypt sees 58% higher profits in Q1-25
Egypt (NBK-Egypt) registered net profits valued at EGP 2 billion (KWD 12.60 million) in the first quarter (Q1) of 2025,…
UAE Central Bank orders halt to minimum balance hike
In a major new development, the Central Bank of the UAE on Tuesday instructed all banks operating in the country…
GCC banks post record profits
Banks from the Gulf countries posted a record net profit of USD 15.6 billion in the first quarter of this…
Iran, Oman explore ways to develop banking cooperation
Mohammad-Reza Farzin, Governor of the Central Bank of Iran and Qais Mohammed Al Yousef, Omani Minister of Commerce, Industry and…
IMF completes fifth review of Egypt's $8 billion rescue program
Egypt has made progress towards macroeconomic stability and has been streamlining tax and customs procedures, but still needs to widen…
QIC launches new personal cyber insurance coverage
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has introduced its new personal cyber insurance,…