Saudi Arabia posts $20.8bn budget surplus in Q2, the highest at least since 2019
Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, the Ministry of…
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Exceptional year for UAE citizens’ housing, with financial support of over $6ln
The UAE’s citizens' housing file in 2022 has achieved significant regulatory progress, and attained massive financial allocations for federal and…
Banque Misr to set up representative office in Kenya
Arab Arab Finance: Banque Misr has obtained the approval of the Central Bank of Kenya to establish there a representative…
Qatar First Bank posts QAR 42mln net profit in first half of 2022
Qatar First Bank has announced its financial results for the six months’ period ending 30th June 2022, reporting a net…
LendTech innovator TSLC wins two awards at the 2022 ABF Wholesale and Retail Banking Awards
The Social Loan Company (TSLC), a leading credit-led financial wellness platform, is awarded the “FINANCIAL INCLUSION INITIATIVE OF THE YEAR…
First Abu Dhabi Bank subsidiary FAB Securities raises Saudi National Bank's target price
FAB Securities, a subsidiary of First Abu Dhabi Bank, has revised the target price of Saudi National Bank , the…
NBB launches new ‘Double Points’ campaign
The National Bank of Bahrain (NBB) has launched the Double Points campaign for all credit and prepaid cardholders. The…
Central Bank of Oman warns of climate risks to financial stability
The Central Bank of Oman has warned climate change is an emerging risk to the financial system of the oil-exporting…
Bahrain’s Al Salam Bank sets up Robotic Process Automation
Bahrain’s Al Salam Bank, in collaboration with 10xDS (Exponential Digital Solutions), has implemented Robotic Process Automation (RPA) solution on Blocked…
Ministry of Climate Change and EDB to finance agriculture SMEs and start-ups
The Ministry of Climate Change and Environment and Emirates Development Bank have signed an initial pact to finance “modern” agricultural…
Banque Misr sells entire stake in EFIC
Banque Misr has sold its 9.98% stake in the Egyptian Financial and Industrial Company (EFIC), according to a recent bourse…
SABB’s shares rise after H1 profit surges 10% to $559m
Shares of Saudi British Bank increased by 0.72 percent at the end of Wednesday trading, after it announced a 10-percent…