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…
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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. …
Al Ahly Pharos closes advisory on Capital Securitization’s $99mln securitization issue
Al Ahly Pharos Investment Banking has concluded advisory on Capital Securitization Company’s EGP 5.05 billion non-sovereign securitization issuance, according to…
National Bank of Egypt Shines with Multiple Wins at the Global Business Review Magazine Awards 2024
The National Bank of Egypt has further solidified its position as a leader in the banking industry by winning multiple…
Saudi's Sahm App acquires over one mln users in one year, elevating the trading experience
Sahm App, Saudi Arabia’s premier all-in-one online trading platform, proudly announces that it has acquired over one million users in…
UAE sovereign wealth fund overtakes Saudi Arabia's PIF with $29bn in deals
The UAE’s Mubadala was the world’s most active sovereign wealth fund in 2024, deploying $29.2bn in a massive spending spree…
Robust growth for KPMG as global revenues rise 5.1% to $38.4bln
Collective Strategy investments support growth across all functions: Tax & Legal Services up 10%, Audit up 6% and Advisory up…