UAE banks to lead regional growth in 2024
The UAE banking sector is likely to maintain its solid performance in 2024 and take the lead in regional growth…
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Saudi National Bank reports more than 7% jump in 2023 net profit
Saudi National Bank, the kingdom's largest bank by assets, posted a 7.7% jump in full-year net profit on Monday, supported…
UAE records first digital dirham transaction via mBridge CBDC
The United Arab Emirates (UAE) has completed its first cross-border payment with the digital dirham via the mBridge platform. …
GCC companies rush into Saudi Arabia
Companies in the GCC are expanding in Saudi Arabia to tap the massive opportunities being created by $3 trillion worth…
Burgan Bank appoints Meshari Abduljalil Shehab as General Manager of private banking and wealth management
After obtaining all necessary approvals from the Central Bank of Kuwait, Burgan Bank announced the appointment of Mr. Meshari Abduljalil…
Gulf Business launches WhatsApp channel; here’s how to sign up
Gulf Business has launched its new WhatsApp Channel, bringing you the biggest news and updates from the world of business…
ADIB leads $178mln financing deal for Giza Systems, VAS Integrated Solutions
Abu Dhabi Islamic Bank Egypt and its investment arm, Abu Dhabi Islamic Capital, have arranged a joint financing deal that…
HSBC hires Credit Suisse Switzerland's alts chief
HSBC global private banking and wealth has hired Justine Kreis as head of alternatives Europe, Middle East and Africa (EMEA).…
IMF, Egypt agree on ‘main elements’ of economic reform programme
The International Monetary Fund said on Thursday it had agreed with Egypt on the key policy components of an economic…
Emirates Development Bank recognized as best regional development bank at International Finance Awards
Emirates Development Bank ("EDB" or "the Bank"), the key financial engine of UAE economic development and industrial advancement, was recognized…
Saudi overtakes UAE as biggest insurance market amid diversification push
Saudi Arabia has overtaken the UAE as the largest market for insurance products, thanks to the kingdom’s ongoing push to…
Saudi banks’ credit up by 10% to reach $690bn in 2023
Increased credit to corporate activities propelled a 10 percent annual surge in loans for Saudi banks in 2023, reaching SR2.58…