Commercial banks’ assets surge by 5.1% in May 2024
Qatar’s banking sector has been characterised by continuous growth and stability which has consolidated its position as a major player…
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Nasdaq Dubai Welcomes USD 500 million Sukuk by the Sharjah Islamic Bank
Nasdaq Dubai welcomes the listing of USD 500 million Sukuk issued by the Sharjah Islamic Bank (SIB). This marks the…
UAE’s Artificial Intelligence Office, Mastercard and First Abu Dhabi Bank launch joint AI Challenge
The UAE’s Artificial Intelligence, Digital Economy and Remote Work Applications Office, the Mastercard Center for Advanced AI and Cyber Technology…
FAB says ‘no’ to $5bln Yes Bank stake acquisition reports
UAE's First Abu Dhabi Bank (FAB) has denied reports that it is considering buying a stake in India’s Yes Bank…
Saudi Re completes the sale of its stake in Probitas for £123mln
Saudi Reinsurance Company "Saudi Re" has completed all procedures for the sale of its entire 49.9% stake in Probitas Holdings…
Oman Housing Bank launches campaign to enhance financing services across Oman
The Iskan platform offers a suite of services to streamline the financing process for citizens. Users can check the status…
SAMA regulations enhancing Saudi Islamic banks’ transparency: Fitch Ratings
Regulations implemented by the Saudi Central Bank from 2020 until the end of the first half of this year have…
Saudi Banks Hit Record-Breaking Profits of USD 1.96 Billion
The Saudi National Bank has reported a 14-month high in profits. The Central Bank of Saudi also reported that the…
Afreximbank plans $3.2bln boost for Egyptian banks, companies
African Export-Import Bank (Afreximbank) is set to allocate an additional $3.2 billion in financing to Egyptian banks and businesses, aiming…
Dubai Chambers and VFS Global Sign MoU to Accelerate Trade and Investment Opportunities
Looking to reduce friction for Dubai-based firms looking to globally expand into different markets, Dubai Chambers, the non-profit public entity…
Global Wealth Report 2024
People around the world are getting progressively wealthier – and that doesn’t just apply to those who already own great…
Pact signed to promote Islamic finance in Oman
In a strategic move to bolster Islamic financial investments and foster stronger ties between the financial and advisory sectors, the…