All Articles

Retail Banking

KIB successfully completes its capital increase, oversubscribed by 687%

June 23, 2023

Kuwait International Bank has  announced the successful completion of the subscription process to increase its capital by offering 428,571,429 shares,…

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FinTech

Qatar's QNB Group selects IBM to transform digital banking experience

June 23, 2023

QNB Group, in collaboration with IBM and its ecosystem partner, Mannai InfoTech, an ICT Division under Mannai Trading Company WLL…

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Hedge Funds & Alternative Investments

Saudi Arabia’s financial market ranks 3rd among G20 in competitiveness indicators

June 23, 2023

Saudi Arabia’s financial market has advanced seven places to the third position in the competitiveness indicators among G20 nations this…

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Retail Banking

Oman's GDP growth rate to slip this year on OPEC+ cuts

June 23, 2023

Oman is forecast to see real GDP growth 1.7% this year, down from 4.3% in 2022, according to Emirates NBD.…

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Regulation, Risk & Compliance

Dubai upskills over 170 government employees in generative AI

June 23, 2023

More than 170 government employees in Dubai have been trained to use generative artificial intelligence (AI) tools in their work,…

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Regulation, Risk & Compliance

UAE central bank retains emirate’s growth forecast of 4.3% for 2024

June 23, 2023

A rebound in oil and non-oil activities is expected to help the UAE maintain its projected growth rate of 4.3…

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Regulation, Risk & Compliance

Turkey's Central Bank hikes interest rate to 15 percent to tackle inflation

June 23, 2023

Turkey's Central Bank has increased interest rates from 8.5 percent to 15 percent to counter sky-high inflation.   Following the…

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Regulation, Risk & Compliance

Egypt's central bank keeps interest rates steady

June 23, 2023

The Central Bank of Egypt (CBE) kept its key overnight interest rates unchanged on Thursday, saying commodity prices appear to…

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Executive Moves

PineBridge Investments Appoints Mick Sweeney as Chief Executive Officer, EMEA

June 23, 2023

PineBridge Investments has, following regulatory approval, appointed Mick Sweeney as Chief Executive Officer (CEO) of PineBridge Investments EMEA.   In…

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Comment & Analysis

UAE banking system maintained stable funding in Q1-23: CBUAE

June 22, 2023

The Central Bank of the United Arab Emirates  highlighted the persistent credit appetite of the private sector, evident in the…

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Retail Banking

Saxo Bank surpasses 1mln clients

June 22, 2023

Saxo Bank, which offers online trading platforms, investing, and wealth management solutions, announces a new milestone as it passes 1…

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FinTech

Egypt’s first Islamic invoice financing platform Agel raises an undisclosed seven-figure pre-seed round

June 22, 2023

Agel has announced that the company has successfully closed the pre-seed round for undisclosed seven-digit figures.    The investment round…

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