The Islamic finance industry has been bracing for a new world since COVID-19
2020 has been branded as one of the most challenging years economically given the widespread impact of pandemic-imposed measures, such…
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Saudi Arabia deposits $5 billion in Egypt's central bank – SPA
Saudi Arabia has deposited $5 billion in Egypt's central bank, the Saudi state news agency reported on Wednesday, and the…
Egypt state banks sell $16.6 bln in 18% CDs, absorbing post-devaluation liquidity
Egypt's two biggest state banks have sold 303 billion Egyptian pounds ($16.57 billion) in special certificates of deposit (CDs) they…
Dubai's new crypto regulator brings UAE firm under its wing
BitOasis, a Middle East-focused crypto exchange based in the United Arab Emirates, has received provisional approval from Dubai's new crypto…
SHUAA Capital reports strong growth
Dubai Financial Market-listed SHUAA Capital psc, which is the leading asset management and investment banking platform in the region, has…
SAMA signs off permits for three new open banking fintech companies
The Saudi Central Bank, also known as SAMA, has granted permits allowing three new fintechs to operate under its regulatory…
QIB named ‘Most Efficient Bank in Middle East and Africa’ in 2021
Qatar Islamic Bank (QIB) ranked the most efficient bank in the Middle East and Africa, emerging first among the largest…
Technology partners intent to join forces with a new joint venture Alliance Networks
Alliance International Management (AIM) along with Amsterdam Internet Exchange B.V (AMS-IX), Bahrain National Holding Company (BNH), Gulf Bridge International (GBI),…
UAE teams up with IBM to boost Industry 4.0
The UAE’s Ministry of Industry and Advanced Technology has joined forces with US technology company IBM to boost the pace…
QSE listed insurers’ net profits soar 138% in 2021
The listed insurance companies have reported more than doubling (137.89% jump) of their total sectoral net earnings during 2021, substantially…
Tadawul seeks cross-listing and new financial products: CEO
Tadawul is in advanced talks over at least two companies from the Gulf nations listing on Saudi Arabia’s stock exchange,…
Over $400bln required to bridge ‘digital divide’: Saudi-based ISDB chairman
The chairman of Jeddah-based Islamic Development Bank (ISDB) said that huge investments and more government efforts are required to help…