Oman’s Islamic banking growth to continue despite challenges
Oman’s Islamic banking sector is likely to sustain its strong growth trajectory in the short-to-medium term despite a number of…
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Lebanon political stalemate, accounting rules distort Bank of Sharjah financials
Bank of Sharjah has reported preliminary profits in its UAE operations, but remains in consolidated net loss because of a…
CBE announces key performance indicators of banks operating in Egypt during 2021
The Central Bank of Egypt (CBE) revealed, in a recent report, the most prominent performance indicators of banks operating in…
GCC banks stand to gain from rate rises and drop in cost of risk amid economic recovery
Banks in the GCC stand to gain from higher energy prices and a rise in interest rates that will significantly…
Capital Consulting International welcomes Lee Simões to MENA leadership
International professional services firm Capital Consulting International (CCi) has installed Lee Simões as Managing Director of its MENA division. …
Roland Berger strengthens its local presence in Saudi Arabia
Global strategy consulting firm Roland Berger has unveiled a significant growth ambition in Saudi Arabia, as the firm seeks to…
EFG Hermes Holding FY21 revenues cross EGP 6 billion mark for the first time
EFG Hermes Holding, a universal bank in Egypt and the leading investment bank franchise in Frontier Emerging Markets (FEM), reported…
CBE launches Instant Payment Network, its mobile app ‘InstaPay’
The Central Bank of Egypt (CBE) announced the official launch of the Instant Payment Network and “InstaPay” mobile application on…
Al Maryah Community Bank launches new digital service
Al Maryah Community Bank (Mbank) announced the launch of its new digital service for issuing an investor number in the…
Abu Dhabi hospital operator NMC Healthcare comes under new ownership led by ADCB
After nearly two years, Abu Dhabi hospital operator NMC Healthcare is finally emerging out of court-appointed administration. This means…
Qatar exploring CBDC as it digitizes payments
Qatar is exploring a central bank digital currency (CBDC), a top official at the country’s central bank has revealed. The…
Gulf states adopting data and AI but ‘more action’ needed
Experts have said data is the new oil, which should provide an impetus to Gulf states to further protect this…