Kuwait’s banking sector projects a resilient future outlook, ensuring stability and growth
The global credit rating agency, Moody’s said Kuwaiti banks have a sound capital and strong liquidity — the two factors…
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Awqaf Real Estate Management & Services selects Yardi's end-to-end property management & investment platform
Awqaf Real Estate Management & Services (ARMS), has selected Yardi® as its property management and investment platform. ARMS will…
Lloyd’s signs Dubai insurtech accelerator agreement
Insurance marketplace Lloyd’s and the Dubai Department of Economy and Tourism have signed an agreement to collaborate on an insurtech…
UAE, Qatar central banks keep interest rates steady, tracking US Fed move
The central banks of Qatar and the UAE have kept their key interest rates unchanged after US Federal Reserve (Fed)…
Commercial Bank of Dubai raises $500 million in inaugural green bond issuance
Commercial Bank of Dubai successfully raised $500 million via its inaugural green bond, it said on Wednesday. The five-year…
Bank of China to start operations in Riyadh this year, says official
In yet another sign of increasing cooperation between the world’s second-largest economy and the Arab world, the Bank of China…
UAE will see the world's second biggest influx of millionaires in 2023
Almost 4,500 millionaires are expected to relocate to the UAE in 2023, making it the world's second most popular country…
UAE’s Mashreq Bank is all set for an AI-enabled chatbot
UAE’s Mashreq Bank is busy adding AI into its operations – AI of the ‘good’ kind. An AI-enabled chatbot…
Masdar plans first green bonds sale ‘within weeks’
The United Arab Emirates’ clean energy producer Masdar aims to sell its first-ever green bonds in June to help fund…
Commercial Bank International’s board greenlights up to $242.23mln capital raise
The board of Commercial Bank International agreed to increase its share capital by an amount of up to AED 889.10…
Saudi Arabia’s NDMC closes June sukuk issuance at $667m
Saudi Arabia’s National Debt Management Center announced the closure of the riyal-denominated sukuk program issuance for June with the total…
Saudi Arabia collaborates with Kazakhstan to improve energy partnership
Saudi Arabia and Kazakhstan have agreed on a deal to establish a framework for cooperation in the energy sector, further…