Allianz Egypt, Suez Canal Bank partner to expand bancassurance services
Allianz Life Assurance Company Egypt, affiliated with Sanlam Allianz Africa, has signed a five-year partnership agreement with the Suez Canal…
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PIF’s Aseer Investment Co. announces launch of operations in region
The Asir region is poised to emerge as a premier tourist destination, thanks to a new operation launched by the…
Egypt, Islamic Development Bank cooperation portfolio reaches $20.72bn in various fields
Hala El-Said, the Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank Group, met with…
Emirates Nature-WWF to advance UAE's sustainable blue economy
Emirates Nature-WWF has brought in Accenture to help the non-profit organization develop a strategy for the further adoption of Sustainable…
Perpetual appoints asset management head of distribution Emea
Perpetual Limited, asset manager and owner of J O Hambro Capital Management and Regnan, has announced the hire of Warren…
Turkey has another new central bank leader
Turkey has seen its fifth central bank leader depart in as many years as Hafize Gaye Erkan, the first woman…
Commercial Bank of Kuwait enters strategic partnership with Network International to transform digital banking
Collaboration to enhance payment innovation and Digital Transformation initiatives. Commercial Bank of Kuwait (Al-Tijari), one of Kuwait’s renowned financial…
RTA plans to embrace cloud computing with new AWS agreement
Dubai’s Roads and Transport Authority (RTA) has entered into an agreement with Amazon Web Services (AWS), under which the Amazon…
Will foreign investors turn their eyes to UAE, GCC markets in 2024?
As the US key stock market benchmark S&P 500 reaches record highs in early 2024, the focus shifts to potential…
Banque Saudi Fransi posts 18% higher net profit for FY 2023
Bannque Saudi Fransi reported a 2023 full-year net profit of 4.22 billion riyals ($1.12 billion), up 18% year-on-year (YoY). …
Fitch affirms Saudi Arabia 'A+' rating on strong balance sheet, fiscal buffers
Fitch Ratings has affirmed Saudi Arabia’s long-term foreign-currency issuer default rating (IDR) at ‘A+’ with a ‘stable’ outlook. The…
Sovereign wealth funds lead Middle East M&As – Bain & Co
Government-backed funds accounted for more than 80% of deals last year Government-backed funds dominated the dealmaking circles in the…