Dentons advises the Islamic Development Bank on sukuk issuance
Dentons has advised the Islamic Development Bank (IsDB) on the issuance of US$1.75 billion trust certificates under its US$25 billion…
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Kuwait banks deposit with foreign banks plummet 17.6 pct in 2023
Local banks experienced a significant drop in their deposits with foreign banks during the first eight months of 2023, registering…
Egyptian banks suspend debit card use in foreign currency
At least two Egyptian banks have suspended the use of Egyptian pound debit cards outside the country to stop a…
Buying or selling your investments? Fear of losing money is hurting your profit margins
It’s common for any investor to wish being better off holding onto a profitable investment for a tad longer or…
GCC Financial, Economic Cooperation Committee holds 120th meeting in Muscat
The GCC Financial and Economic Cooperation Committee today held its 120th meeting in Muscat under the chairmanship of Finance Minister…
Abu Dhabi’s Ethmar acquires nearly 70% stake in BHM Capital
Abu Dhabi-based EIH Ethmar International Holding has acquired through its subsidiary a nearly 70% stake in Dubai-listed BHM Capital Financial…
UAE starts wind energy project that can power 23,000 homes
The UAE has commenced operations of its first utility-scale wind project that can power 23,000 homes and displace 120,000 tonnes…
Revolutionising banking: The role of AI in shaping the future
Artificial intelligence is a crucial driver of innovation and financial inclusion. It can help banks offer better services, reduce risks,…
Emirati company gets majority stake in Telkom on Helios exit
A United Arab Emirates (UAE)-based firm will take up a majority stake in Telkom Kenya from London’s Helios Investment Partners,…
156 Arab companies invest in JIEC industrial estates: Jordan
A total of 156 Arab companies have invested JD1.162 billion in industrial estates affiliated with the Jordan Industrial Estates Company…
QSE rings bell for financial literacy initiative
Qatar Stock Exchange yesterday hosted a bell-ringing ceremony as part of its participation in the World Investor Week initiated by…
Social Development Bank allocates $621m in Q3 to support economic development
Entrepreneurs and business owners were among 39,000 recipients of a combined SR2.3 billion ($621 million) in support from the Social…