Why crowdfunding is important for the UAE
The UAE government has approved the use of crowdfunding as the Emirates aims to open more streams of funding for…
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APICORP receives ‘AA-’ credit rating from S&P Global
The Arab Petroleum Investments Corp., or APICORP, a multilateral development financial institution announced that it has received an “AA-” credit…
NBK-Bahrain reports net profits of BHD 117.68mln (KD 94.57mln) for 2021
Al-Sager: We continue to strengthen our competitiveness and position in our key regional markets Fardan: Our profits prove our resilience…
Egypt’s Monetary Policy Committee increases key policy rates by 1% in extraordinary meeting
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to increase the key policy rates by…
Saudi digital loan broker Arib raises $2.3m to expand operations
Arib, a digital loan broker in Saudi Arabia, closed a $2.3 million seed investment round that will allow the company…
DFSA imposes $1.5m fines on two companies and two individuals for unauthorised activities
The Dubai Financial Services Authority imposed fines collectively worth $1.55 million on two companies and two individuals belonging to the…
HSBC partners with INJAZ Egypt to expand in 4 countries
UK-based HSBC bank and educational organization INJAZ Egypt have collaborated to expand their financial education programs in four more countries,…
Tamkeen plans tech training for 1,200 Bahrainis
Tamkeen has established a strategic collaboration with the world’s leading technology training academy, General Assembly, and Bahrain Institute of Banking…
Saudi Tadawul Group announces its intention to launch a bundle of enhancements to develop the post trade infrastructure
Saudi Tadawul Group, through its subsidiaries, has announced its intention to launch a bundle of new enhancements aiming to strengthen…
Oman’s Islamic banking on positive trajectory
The Islamic banking sector in Oman is likely to sustain its positive trajectory in the short-to-medium term despite a number…
Capital Intelligence reaffirms QIB’s long term rating at A+ with stable outlook
Qatar Islamic Bank (QIB) has reconfirmed its ongoing positive rating with Capital Intelligence (CI) Ratings today announcing the Bank’s Long-Term…
NBE, Banque Misr issue 18% saving certificate
The National Bank of Egypt and Banque Misr will issue a one-year saving certificate at an annual interest rate of…