Islamic Coin secures $200m funding from ABO Digital
Islamic Coin, the Shariah-compliant cryptocurrency has secured $200m from Alpha Blue Ocean’s ABO Digital. Total funding has reached $400m…
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Egypt’s financial leasing sector hit by inflation and high-interest rates
Egypt’s inflation and high-interest rates have led to a decline in the expansion of investment companies. The cost of…
UAE approves national energy and hydrogen strategies
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired…
Alvarez & Marsal hires managing director co-lead EMEA consumer and retail practice
Leading global professional services firm Alvarez & Marsal has continued to expand its European Corporate Transformation Services (CTS) practice with…
GCC equity markets record positive performance led by Saudi Arabia and the UAE
After a steep decline in May, Gulf Cooperation Council countries saw an optimistic bounce back in equity market index performances…
CBO issues financial stability indicator
The Central Bank of Oman announced the publication of a working paper unveiling the first ever Composite Financial Stability Indicator …
National Bank of Egypt reports over 14mln withdrawals worth $1.14bln through ATMs in 14 days
The National Bank of Egypt revealed that its ATMs achieved unprecedented exchange rates during the period from 18 June to…
UBF, the strategic partner of IDC Conference, says digital shift is consolidating UAE’s Banking industry leadership
UAE Banks Federation , the sole representative and unified voice of UAE banks, has reiterated its commitment to accelerating digital…
Sharakah and Muscat Finance ink deal to drive SME growth
Sharakah and Muscat Finance have signed a Memorandum of Understanding to empower small and medium enterprises (SME) growth and foster…
ADCB Private and Wealth Management
ADCB Private and Wealth Management has grown rapidly into one of the largest private banking businesses in the UAE in…
Bahrain Islamic Bank names new chief risk officer
Bahrain Islamic Bank, a leading provider of Islamic digital banking services in the kingdom, has appointed Ajay Jha as its…
Saudi's PIF, UAE's ADQ among funds with highest sustainability rankings in 2023
Saudi Arabia’s Public Investment Fund and UAE’s ADQ have reported the highest improvement in the Global Sovereign Wealth Fund’s governance,…