Masraf Al Rayan reports a net profit of QAR 789mln for H1 2024
Total Income net of Finance expense reached QAR 4.3 billion, compared to QAR 3.5 billion for H1 2023; Net financing…
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Mashreq bags Open Banking Initiative of the Year – UAE at ABF Retail Banking Awards 2024 for its innovative Global Non-Resident Platform
Mashreq secured the Open Banking Initiative of the Year - UAE win at the prestigious ABF Retail Banking Awards 2024…
Egyptian fintech Dopay raises a $13.5M Series A extension round to boost offerings and accelerate expansion
Frans van Eerse (CEO) and Roel Van Eersel founded Dopay in 2014 to tackle the issue of unbanked and underbanked…
Top stocks in Q2 2024: UAE retail investors choose AI over Big Tech
UAE retail investors have chosen to rally behind artificial intelligence firms while Big Tech and pharma stocks lost momentum, as…
UAE and Indonesia strengthen ties during high-level meet in Abu Dhabi
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indonesian President Joko Widodo met in Abu Dhabi to review strategic…
Tech Imprints: How the UAE is approaching data protection
The Middle East, positioned at the crossroads of Europe, Asia, and Africa, is a vibrant hub for global trade and…
StanChart Adds Over a Dozen Private Bankers in Hiring Spree
The private banking arm of Standard Chartered has expanded its front office with more than a dozen new hires in…
Dubai Prince Makes Family Office U-Turn in Hong Kong
After much fanfare, Sheikh Ali Rashed Ali Saeed Al Maktoum has reportedly said that he will not be opening a…
UAE signs $817m currency swap agreement with Ethiopia
The UAE Central Bank has partnered with the National Bank of Ethiopia to establish a bilateral currency swap agreement, aimed…
Egypt central bank seen leaving interest rates unchanged
The Central Bank of Egypt (CBE) is expected to keep its overnight interest rates steady when its monetary policy committee…
Islamic banks account for 21% of gross domestic credit: CBUAE
Gross credit provided by Islamic banks increased by 1.1% in the first four months of 2024 to AED433.7 billion, constituting…
MENA equity market issuances jump three-fold in H1 2024 to $16.5bln
MENA equity and equity-related issuance totalled $16.5 billion during the first half of 2024, almost three-times 2023 levels, and the…