Qatar’s Islamic finance sector set for growth
The year 2022 is positioned for growth for Qatar’s Islamic finance institutions as the economy expands in the run-up to…
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Oman's plan to introduce Islamic money market instruments is positive for sector
Oman's plan to introduce Islamic money market instruments will support the growth of the Islamic sector and diversify lenders' assets,…
UAE bank borrowings hit $498bln as demand for personal, business loans rise
Lending activity in the UAE rebounded during the first quarter of the year as sentiment improved and banks ramped up…
UnionPay International Reaches Cooperation Deal with Bank Albilad in Saudi Arabia
UnionPay International Middle East Branch and Bank Albilad hold a signing ceremony in 27 June 2022 with VP of UPI,…
Prince Alwaleed's Kingdom Holding invests $268m in Europe's M&G
Kingdom Holding, the investment company controlled by Saudi Arabia's Prince Alwaleed bin Talal, invested more than a billion Saudi riyals…
KPMG brings together tech partners for 'pioneering' data offering
KPMG has agreed expanded UAE-focused alliances with Informatica, Snowflake and Microsoft, ramping up how the consulting firm collaborates with the…
Bank Leumi marks Israeli first with re-energised buyside
Bank Leumi proved demand on Wednesday for high-rated CEEMEA credit risk with a US$500m five-year note that was the first…
Watch: On gold imports, UAE to bring tough rules on sourcing
The UAE is bringing in new rules related to the sourcing of gold into the country, further cutting down any…
Kuwait sovereign wealth fund fires head of London office
The head of the Kuwait Investment Authority’s London office has been fired with immediate effect following a period of turbulence…
Luxury stores hold premium space in Middle East retail sector
The luxury retail industry has emerged from the pandemic crisis stronger and more dynamic than ever, and the Middle East…
Saudi, UAE Banking Sectors Face Contrasting Liquidity Dynamics
The Saudi and UAE banking sectors face contrasting liquidity dynamics, Fitch Ratings says in a new report. We expect Saudi…
Fintech Landscape of Turkey in 2022
What have the developments of fintech and wider digital been like in the Republic of Türkiye (Turkey)? As highlighted…