Climate failure and social crisis top global risks 2022
Global survey of experts finds only 1 in 6 are optimistic and only 1 in 10 believe the global recovery…
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Qatar National Bank 2021 profit up 10% driven by loan growth
Qatar National Bank, the Gulf's biggest bank by assets, on Tuesday reported a 10% increase in annual net profit driven…
Emergency liquidity available for Egyptian banks
Egyptian banks will have access to a new stream of emergency cash, after the country’s Central Bank signed off on…
Israel's One Zero Digital Bank gains full licence
One Zero Digital Bank has received final regulatory approval for a full banking licence, the Bank of Israel said on…
GCC consumer sentiment remains relatively unaffected by global agitators, says new D/A report
According to the latest research by leading consumer intelligence platform, D/A, owners of Sila, an Arabic-native, AI-enabled consumer intelligence platform,…
Major Mena banks to post 29% jump in fourth- quarter earnings, EFG Hermes says
Major banks in the Middle East and North Africa are expected to post a 29 per cent annual increase in…
Central Bank of Bahrain and JP Morgan conduct successful digital currency settlement test
The Central Bank of Bahrain (CBB) has successfully completed a digital currency settlement test using JP Morgan’s JPM Coin system.…
GCC chief stresses importance of China relations
The Secretary-General of the Gulf Cooperation Council Dr. Nayef Falah M. Al-Hajraf stressed the importance of strengthening Gulf-Chinese relations to…
Saudi National Bank plans Sukuk denominated in US Dollar
The Saudi National Bank plans to issue Islamic bonds, or Sukuk, denominated in US Dollar with the size of the…
Moody's, S&P rate Abu Dhabi Sweihan's proposed $728mln bonds stable
S&P Global Ratings and Moody's Investors Service have rated Abu Dhabi-based solar energy firm Sweihan PV Power Co.’s (SPPC) proposed…
Dissolving business boundaries and new tech are exciting prospects for UAE capital markets
The ‘platformisation’ of capital markets, or the adoption of ‘platform ecosystems’ as they are commonly known in the big tech…
Saudi bank allocates $200mln to finance Tunisian imports of Saudi oil derivatives
The Saudi Export and Import Bank has allocated $200 mln to finance Tunisian imports of Saudi oil derivatives, the Economy…