Banque Misr to secure $260mln loan from IFC for MSMEs in Egypt
The International Finance Corporation is considering offering a five-year senior loan of up to $260 million to Banque Misr to…
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UAE banks’ Q1 profit surges 35%: Alvarez & Marsal
UAE banks’ profitability grew by 35 percent in Q1 from the previous quarter due to enhanced cost efficiencies and lower…
SingleView launches open banking solutions at Seamless Middle East 2023 in Dubai
UMG Alholol Trading Company “SingleView” participated in the “Seamless Middle East 2023” exhibition on May 23-24 in Dubai, aiming to…
Why the GCC’s wealthy are seeking sustainable investments
With Cop28 approaching, sustainable investing continues to grow in popularity, not only in the UAE, but also globally. In…
Aldar adds landscaping services to its growing property and facilities management platform through acquistion of Basatin
Aldar Properties has acquired Basatin Landscaping (Basatin) as part of its drive to further scale up and broaden its integrated…
Warba Bank, Radisson Blu partner to offer ‘zero-profit financing’ for event hall rentals
Warba Bank is pleased to announce its partnership agreement with Radisson Blu Hotel, aimed at offering zero-profit financing for the…
NBK-Egypt reports KD 6.9 million in net profits
National Bank of Kuwait-Egypt (NBK-Egypt) reported EGP 652.5 million (Equivalent to KD 6.9 million) in net profits in the three…
First Abu Dhabi Bank Egypt launches ‘Access’ portal for electronic payments
First Abu Dhabi Bank has announced the launch of its electronic payment portal “Access” to facilitate transactions for companies; small,…
AI can transform banking for the better
Artificial intelligence has matured and is disrupting financial services. It can enhance customer service, reduce costs and curb fraud –…
Saudi campaign against illegal insurance deals and fraud
Insurance firms operating in Saudi Arabia have launched a campaign aimed to raise public awareness against unlicenced insurance amid tough…
Saudi: Bupa Arabia’s profits surge 122% in Q1-23
The net profits before Zakat of Bupa Arabia for Cooperative Insurance Company hit SAR 230.13 million in the first quarter…
Omani banks set to benefit from improved conditions: Fitch
Omani banks’ reasonable credit fundamentals and improved operating conditions will support lending growth and profitability in 2023, according to global…