Masraf Al Rayan’s asset quality to remain healthy
The asset quality of Masraf Al Rayan is expected to remain healthy and is expected to remain cost efficient, according…
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NBE manages 51 financing deals worth over EGP 235bn in 2021
Bloomberg has announced that the National Bank of Egypt (NBE) has won the first place as the top bank acting…
UAE central bank expects economy to grow 4.2% in 2022
The Central Bank of the United Arab Emirates said it expects the UAE economy to grow 4.2% in 2022, accelerating…
NCB, Samba complete final phase of merger creating Saudi Arabia’s largest bank
The National Commercial Bank, or NCB, concluded the final phases of a merger deal with Riyadh-based Samba Financial Group on…
Financial soundness of UAE banks robust, says central bank
The aggregate data on the UAE’s banking sector for the first nine months from the Central Bank of UAE (CBUAE)…
Saudi real estate sector on recovery path, says report
Saudi real estate sector continues to recover with an expectation of a revival in the kingdom's GDP growth driven by…
Bahrain central bank trials JPM Coin
The Central Bank of Bahrain has teamed up with JP Morgan's blockchain and crypto unit Onyx to test the Wall…
Green, sustainable debt issuance in MENA hit $18bln in 2021
The Middle East and North Africa’s green finance market is moving towards mainstream, with total issuance jumping by 122 percent…
Dubai's DGCX closes 2021 with total value traded worth of around $150bln
The Dubai Gold and Commodities Exchange (DGCX) today reported its full-year market statistics. During 2021, the exchange recorded a yearly…
ADQ appoints new Chairman of ADX
ADQ has announced that H.E. Hisham Khalid Tawfiq Abdulkhaliq Malak has been appointed as Chairman of Abu Dhabi Securities Exchange…
Dubai property prices could rise by 6% in 2022 – experts
Residential property prices in Dubai are expected to continue to grow in 2022, supported by Expo 2020 as well as…
Goldman Sachs to double Tel Aviv staff – report
Goldman Sachs Group Inc. is to double its Israel staff, Bloomberg reports as both a rebuilding effort and a growth…