Saudi-based Qawafel raises a US$3mln seed round
Saudi Arabia’s Qawafel, a B2B marketplace simplifying trade between buyers and suppliers of perishable food products across the Kingdom, has…
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Impending rate hikes to spur UAE banks’ net-interest income
The UAE’s banking sector assets are expected to grow in 2022 on the back of an economic recovery that has…
Top Strategic Technology Trends for 2022
Gartner expects these 12 technology trends to act as force multipliers of digital business and innovation over the next three…
Oman approves first licence for crowdfunding platform after rules change
The Capital Market Authority has approved the licensing of the first global crowdfunding platform operator in Oman. Ethis Investment…
Masdar, Mashreq to progress UAE SME, start-up ecosystem
Masdar City, Abu Dhabi’s pioneering sustainable urban development, and Mashreq Bank have signed a memorandum of understanding (MoU) to provide…
Global banking CEOs optimistic of sector growth: KPMG
Global banking CEOs are optimistic and are predicting growth in the coming years, foreseeing an innovation-based approach in the sector…
Doha Bank, Milaha to enter key barometer in QSE
Doha Bank and Milaha (Qatar Navigation) will replace United Development Company and Vodafone Qatar in the Qatar Stock Exchange's 20-stock…
Saudi central bank extends guaranteed funding programme for small businesses
Saudi Central Bank (SAMA) has announced an extension of its guaranteed financing programme for micro, small, and medium enterprises (MSMEs)…
Central bankers face balancing act amid rising inflation, war and slower growth
Central bankers around the world are facing a double whammy of faster inflation and the prospects of slower growth, only…
Kuwaiti Islamic banks post 4th best growth rate in financing operations
According to the data issued by Moody’s Agency for Investors Services from 2019 to the third quarter of 2021, shows…
Dubai a favorite destination as some Moscow-based bankers beat path to exit
In the scramble by some bankers and financial industry executives to leave Moscow, Dubai is turning out to be a…
Al Rajhi Bank gets CMA nod for 60% capital raise to $11bn
Al Rajhi Bank, which is Saudi Arabia’s largest valued bank, was approved by the Capital Market Authority for a capital…