'Embezzled' Lebanese cash in Swiss banks: media report
Banks in Switzerland are holding a substantial amount of the millions of dollars Lebanese central bank chief Riad Salameh is…
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Bank credit in Oman grows 4.8% to RO29.2bn in 2022
Oman’s banking sector recorded an year-on-year credit growth of 4.8 per cent last year but deposit growth sharply slowed to…
Qatar Central Bank issues QR 1 billion treasury bills due on March 2
Qatar Central Bank issued treasury bills worth QR 1 billion for a one-week term in February, due on March 2,…
Banks, real estate shares weigh on Saudi; insurer lifts Qatar
Major stock markets in the Gulf ended mixed on Sunday, with Saudi Arabia’s index pressured by real estate and banking…
UAE, Egypt, Jordan, Bahrain sign industrial deals worth $2bn
Companies from the UAE, Egypt, Jordan and Bahrain have signed industrial agreements, with an investment value crossing $2bn. The…
General Atlantic joins push for Middle East sovereign wealth
Some of the private equity industry’s biggest names are expanding in the Middle East to develop closer ties with the…
Global equity firm General Atlantic taps Samir Assaf to lead MENA push
General Atlantic, a global equity firm with over $72.6 billion in assets under management, has appointed Samir Assaf to lead…
MENA tops world in crypto adoption
The Middle East & North Africa (Mena) region has topped the world in cryptocurrency adoption over the past year, recent…
Global debt declines by $4tn in 2022 on stronger growth and inflation
The nominal value of global debt declined by $4 trillion to below $300 trillion in 2022, helped by stronger growth…
Industry experts refute fintech market saturation in MENA
Industry experts have refuted the notion that the fintech market is oversaturated in the Middle East and North Africa (MENA)…
Over half of Dubai property owners would sell their units this year, YouGov study shows
Almost two-thirds of Dubai property owners polled (64 per cent) plan to sell their respective unit to take advantage of…
NBK ties up with AFS for point-of-sale services in Bahrain
National bank of Kuwait -Bahrain will start providing its corporate clients with point-of-sale (PoS) services through a strategic collaboration with…