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Retail Banking

Qatar Central Bank credits economic diversification for £2.17 billion surplus in Q2

October 3, 2023

The bank attributed the surpluses to the “elevated diversification of the Qatari economy,” stating that it met predetermined targets.  …

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Regulation, Risk & Compliance

Central banks of UAE and Egypt agree currency swap

October 3, 2023

The central banks of the United Arab Emirates and Egypt have set up a currency swap line, they announced on…

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Regulation, Risk & Compliance

Saudi Top Trading obtains $6.66mln loan from Banque Saudi Fransi

October 3, 2023

Saudi Top Trading Company signed a financing agreement worth SAR 25 million with Banque Saudi Fransi on 28 September 2023,…

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Hedge Funds & Alternative Investments

Ruya partners launches private credit fund

October 3, 2023

Abu Dhabi-based private capital firm Ruya Partners has launched a private credit fund through the Abu Dhabi Global Market (ADGM).…

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Executive Moves

HSBC Global Private Banking Announces Leadership Transition for Middle East & North Africa and Strengthens Teams in Qatar, Israel, Switzerland

October 3, 2023

HSBC has announced the appointment of Aladdin Hangari as Head of Global Private Banking Middle East & North Africa (MENA),…

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Executive Moves

Saudi Arabia’s Afyaa Holding appoints hospitality leader Olivier Harnisch as Chairman of its advisory board

October 2, 2023

Afyaa Holding  has appointed seasoned hospitality professional, Olivier Harnisch, as the Chairman of its Advisory Board.   Harnisch, a well-known…

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Comment & Analysis

Qatari firms among best workplaces for women in 2023

October 2, 2023

Qatar has been ranked among the top-notch firms in promoting gender parity in the workforce.   Great Place to Work,…

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Comment & Analysis

Saudi Arabia revises growth forecast for 2023 and 2024 as spending rises

October 2, 2023

Saudi Arabia, the Arab world’s largest economy, has revised its growth forecast for 2023 and expects to record a budget…

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Hedge Funds & Alternative Investments

QSE loses 35 points as rate concerns loom large

October 2, 2023

The Qatar Stock Exchange, which on Sunday experienced technical snag in the pre-opening, saw its key index lose more than…

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Islamic Finance

DIB enters Turkish digital banking sector via new investment

October 2, 2023

Dubai Islamic Bank has entered the Turkish digital banking and financial technology sector through an equity investment in T.O.M. Group…

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Comment & Analysis

Many reasons why UAE banks' interest rates on savings account take time to catch up

October 2, 2023

Chances are you don’t know the answer. Or don’t remember. Or care. Even if you did, it won’t really matter,…

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FinTech

Alipay+ Launches in Saudi Arabia to Better Connect Local Businesses to Asian Tourists

October 2, 2023

Saudi Tourism Authority and Ant Group have signed a Memorandum of Understanding, which will see the introduction of Alipay+, a…

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