UAE's biggest bank FAB posts 4% rise in FY 2024 net profit; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank posted a 2024 net profit of 17.1 billion dirhams ($4.6 billion), 4%…
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Qatar continues to position as global leader in balancing tech innovation
By fostering a secure and privacy-focused digital environment, Qatar continues to position itself as a global leader in balancing technological…
FABMISR net profit surges by 153% reaching EGP26.3bln at the end of 2024
First Abu Dhabi Bank Misr has announced its financial results for the fiscal year ending December 31, 2024. The results…
Tamkeen supports Singapore Gulf Bank in hiring over 70 Bahrainis
The Labour Fund (Tamkeen) announced its support for Gulf Singapore Bank (SGB), the digital bank backed by Bahrain’s Sovereign Wealth…
Emirates NBD Egypt’s net profits jump by 64% In 2024, recording EGP5.3bln
Emirates NBD Egypt announced significant business results in 2024, showing the Bank's separate financial statements. Its net profits rose to…
Saudi bank lending hits record $788bn as corporate loans surge
Saudi Arabia’s bank loans surged to SR2.96 trillion ($788 billion) in December, marking a 14.39 percent year-on-year increase, according to…
Stc Group advances global digital transformation across industries as a strategic partner at LEAP 2025
As a founding partner of LEAP, stc Group will showcase an expansive suite of innovative solutions driving digital transformation across…
Dubai real estate has another busy month with property sales worth AED40bn
Dubai’s real estate market has enjoyed another busy month, recording a total of 13,502 property sales with an overall value…
Egypt's Khazna to apply for banking licence after securing $16 million in pre-Series B
The round drew participation from new and existing investors including Sanad Fund for MSME, anb Seed Fund,, Aljazira Capital, Khwarizmi…
Foreign currency deposits in Egypt's banks rise 15.2% YoY in 2024
Foreign currency deposits in Egypt's banks, excluding the Central Bank of Egypt, increased by 15.2% in 2024, reaching $58.17 billion…
Burgan Bank launches First Certificates of Deposit Program in Kuwait
Burgan Bank has announced the establishment of a strategic USD 500 million Certificates of Deposit (CDs) program in Kuwait, rated…
Construction projects in Saudi Arabia: HKA shares key lessons for contractors
With the world’s fullest pipeline of construction projects, the Middle East holds many alluring opportunities for contractors. Yet those opportunities…