UAE businesses have some balancing to do as bank loans start to rise with US rate hikes
The US Federal Reserve is hinting at sharper increases in interest rates and which will have direct impact on lending…
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Vaults unsealed at Lebanon's Fransabank after appeal accepted, Lebanese media
Vaults at branches of Lebanon's Fransabank were unsealed after a court accepted an appeal against a judicial ruling that froze…
Middle East consumers healthier, more digital and prioritise sustainability: PwC
The latest edition of PwC’s Global Consumer Insights Pulse Survey showed that Middle East shoppers are becoming increasingly influenced by…
Mashreq Partners With Sharjah Investors Services Centre To Bring Banking Support To Local SMEs
Mashreq‘s partnership with Sharjah Investors Services Centre (Saeed) to support regional small and medium enterprises (SMEs) with access to banking…
New rules to protect data in Bahrain
New rules to enhance personal data security have been announced.Justice, Islamic Affairs and Endowments Minister Shaikh Khaled bin Ali Al…
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…
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,…