Arab countries’ deposits at Central Bank of Egypt hit $13bln end-March
Deposits of Arab countries at the Central Bank of Egypt (CBE) reached $13 billion at the end of March 2022,…
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Invest Bank signs and supports the UN women’s empowerment principles
Invest Bank has announced that it has signed the Women’s Empowerment Principles, a set of Principles offering guidance to business…
Saudi Central Bank assets climb to $533bn in July amid continued economic recovery
Total assets held by the Saudi Central Bank, better known as Sama, jumped more than 8 per cent in July…
Barwa Village expands to accommodate 2022 World Cup fans, tenants and retail outlets’ needs
To meet the increasing demand for residential units and commercial and administrative spaces for Barwa Village, Barwa Real Estate Group…
Qatar Central Bank issues first license to provide digital payment service
Qatar Central Bank issued the first license in the country for Ooredoo Money and iPay by Vodafone Qatar, to practice…
Real estate fintech platform Stake raises $8m in pre-series A funding ahead of KSA debut
Stake, a Dubai-based digital real estate fintech platform, has raised $8 million in an oversubscribed pre-series A funding round, as…
NBK – Bahrain Reports a net profit of BHD 54.84mln (KD 44.68mln) in 1H 2022
National Bank of Kuwait-Bahrain reported net profits of BHD 54.84 million (KD 44.68 million) for 1H 2022, compared to BHD…
Arab Bank launches “Tabeeb Plus” banking package for physicians
As part of its constant efforts to provide comprehensive financial solutions to various sectors and segments, Arab Bank recently launched…
Ithmaar Holding reports half-year results
Ithmaar Holding B.S.C. (Trading symbol: ITHMR), a Bahrain-based holding company, announced its financial results for the six-month period ended 30…
COP27 Presidency of Egypt names Boston Consulting Group as exclusive consulting partner
COP27 Will Focus on Strengthening Adaptation and Resilience, Limiting the Impacts of Climate Change, Facilitating a Just Transition, and Increasing…
Saudi developer Jabal Omar to settle $1.4bn debt owed to Alinma RE fund
Jabal Omar Development Co.’s shareholders have approved a capital hike plan aimed at reducing the company’s liabilities by SR5.3 billion…
NBI becomes first Iraqi bank to start operations in Saudi Arabia
The National Bank of Iraq has opened its first branch in Saudi Arabia, becoming the first Iraqi lender to engage…