Saudi Arabia’s NDMC closes October issuance of sukuk program at $832m
Saudi Arabia’s National Debt Management Center has closed the issuance of SR3.12 billion ($832 million ) riyal-denominated sukuk in October.…
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G42 bolsters ecosystem with 15 strategic deals at Gitex Global
As Gitex Global, the world's largest tech and startup super-connector event concludes, G42, the leading UAE-based artificial intelligence and cloud…
Emirates Development Bank approves Dhs4.4bn in loans in first nine months of 2022
Emirates Development Bank recently held its annual board meeting to review its results for the period ending September 30. …
Dubai tenants find it cheaper to stay in existing apartments as rents soar
Tenants in Dubai are increasingly opting to stay put and renew their existing apartments rather than moving to a new…
MENA equity capital market activity surged to $15.3bln YTD
MENA equity and equity-related issuance totalled $15.3 billion year-to-date (YTD) in 2022, the highest first nine-month total since 2008, Refinitiv…
Saudi Arabia sells $5bln in first bond deal in almost a year
Saudi Arabia sold on Tuesday $5 billion in Islamic and conventional bonds for which demand topped $26.5 billion as it…
QIB posts profit of QAR 2,850mln for the nine months’ period ended 30 September 2022
Qatar Islamic Bank has announced the results for the nine months’ period ended 30 September 2022. Net Profit attributable to…
OneConnect launches SaaS solution OneCosmo, powered by Pismo, in the UAE
OneConnect Smart Technology has announced the launch of OneCosmo, a one-stop omni platform for all-in-one digital banking solutions, in the…
UAE-based Wio Bank forms partnership with Stripe
Wio Bank has announced a partnership with Stripe, a financial infrastructure platform for businesses, which will enable SMEs in the…
Standard Chartered arranges $566.4mln in financing for first of its kind Saudi-Egypt electricity interconnection project
Standard Chartered Bank with Sumitomo Mitsui Banking Corporation announces the provision of a US$566.4m Export Credit Agency supported Islamic financing…
ACAPS in Morocco approves establishment of Takaful Insurance Company
The Supervisory Authority of Insurance and Social Welfare in Morocco has given the approval to establish Takaful Insurance Company in…
Burgan Bank takes part in KBA’s 80 years of banking event
The impressive legacy of the Kuwaiti banking sector since its founding and its achievements during 80 years of banking in…