Fitch revises outlook on 5 Omani banks to positive; long-term ratings affirmed
Fitch Ratings has revised its outlook on five Omani banks – Bank Muscat, National Bank of Oman (NBO), Bank Dhofar,…
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Misr Insurance, Al Ain Ahlia partner to drive digital transformation, knowledge sharing in sector
In a significant move towards digital transformation in the insurance industry, Misr Insurance and Al Ain Ahlia Insurance Company of…
KIB continues to provide the best auto financing deal in collaboration with Al Sayer
Kuwait International Bank has announced the continuation of its most competitive financing offer, in partnership with Mohammed Naser Al Sayer…
Nawy initiates the acquisition of ROA to launch ‘Nawy Unlocked’
In a strategic move to expand its offerings and to continue reshaping the Egyptian real estate market, Nawy, Africa’s largest…
Saudi listed firms see growth in 2024 with ACWA Power and Al Rajhi as top performers
Saudi Arabia’s listed companies witnessed significant growth in 2024, with ACWA Power and Al Rajhi Bank emerging as the top…
Egypt to receive $1.2 billion as part of IMF programme in January
Egypt is expected to receive a $1.2 billion disbursement from the International Monetary Fund this month as part of an…
Saudi banks’ money supply hits $786bn, time and savings deposits share at 15-year high
Saudi banks money supply reached SR2.95 trillion ($785.51 billion) in November, marking a 10.3 percent rise compared to the same…
Qatar moving with firm steps towards bright future
Qatar continues its journey on the path of development and construction, moving with firm and steady steps towards a bright…
ADGM reduces commercial licence fees from January 2025
The updated fee schedule effective from 1st January 2025, applies to all categories of licences including major reductions in fees…
Dubai real estate market sets all-time record in 2024
A record-breaking year for Dubai’s real estate market, with new milestones being set throughout 2024, culminated in an all-time peak…
Qatari banks to uphold robust financial metrics in 2025: Fitch
The banks maintain adequate capital buffers, with the end of the third quarter of 2024 average common equity Tier 1…
Qatar commercial banks’ assets surge by 4.3% to $549bln
The total assets of commercial banks operating in Qatar increased by 4.3 percent to QR2 trillion in November 2024. …