GCC Bank Profits Surge to $11 Billion
The first quarter of 2022 proved to be the best quarters for banks in the Gulf Cooperation Council as they…
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CEO of DeVere-owned advice firm steps down
Greg Stockton confirmed that he has stepped down as chief executive of UAE-based advice firm Prosperity. He joined the…
Tabadul: championing digital logistics and Fintech solutions
Tabadul, the Saudi Electronic Information Exchange Company, continues to make great strides in supporting the logistics sector and fintech services,…
ADFD participates in Bonds, Loans and Sukuk Middle East forum as a strategic sponsor
Abu Dhabi Fund for Development (ADFD) participated as a strategic sponsor in the Bonds, Loans and Sukuk Middle East conference,…
Aramco’s former executive appointed as first female on Saudi Central Bank’s board
Sheila Al-Rowaily, who worked as a financier with Saudi Aramco, has become the first woman to join the board of…
GCC banking sector profits surpass pre-Covid levels
GCC banking sector continued to record growth during Q1-2022 backed by solid economic recovery and demand post the pandemic, a…
E-commerce spend grew two times the growth of POS in Q1
E-commerce spending in the UAE grew at double the rate of point of sale transactions in the first quarter of…
Dukhan Bank first in Qatar to join Mastercard’s global Digital First Card program
Dukhan Bank has become the first partner in Qatar to join Mastercard’s global Digital First Card program. Through the program,…
Rapyd becomes first DIFC-registered Israeli company
Rapyd, a global FinTech-as-a-Service company, today announced the opening of its new Dubai office as it seeks to become the…
Jordan issues $650mln Eurobonds at 7.75%, oversubscribed more than 3 times
Jordan issued on Wednesday $650 million of Eurobonds at 7.75% that were oversubscribed by more than three times, reflecting investor…
EFG Hermes closes advisory on Ali Alghanim’s $323mln private placement
The Investment Banking Division of Egyptian Financial Group Hermes Holding (EFG Hermes) has completed advisory on Ali Alghanim and Sons…
NBB attends and supports the Economic Recovery Forum
The National Bank of Bahrain has stressed the vital role the government plays in the economy’s recovery phase while ensuring…