06/28/2022
Bahrain banks' loans and credit facilities jump to $30bln
The Business Sector accounted for 46.2% and the Personal Sector 49.5% of the total loans and credit facilities, said the CBB’s financial performance report as of end of May 2022
Alternative Investments
06/27/2022
“Tamkeen” continues to meet the supported enterprises to understand their future plans
And encourage their growth and expansion through the optimal utilization of resources
06/24/2022
Egypt finance minister says it’s time to rethink carry-trade reliance
Egypt saw FDI drop 12% in 2021, but remained one of the continent’s main recipients, according to a report this month from the United Nations Conference on Trade and Development.
06/23/2022
Bank ABC invites autonomous financial advisory solution providers to participate in its innovation challenge closing on June 26
Hosted as part of Bahrain Open Banking Supernova 2022, the challenge reflects the bank of the future’s commitment to develop effortless digital-first corporate and consumer banking experiences
06/23/2022
DGDA signs MoU with Al Rajhi Bank to help fund home buyers
The MoU was signed by Jerry Inzerillo, Group CEO of Diriyah Gate Development Authority, and Waleed Al-Mogbel, Chief Executive Officer of Al Rajhi Bank
06/22/2022
Major insurance accord signed in Bahrain
The insurance products will be designed specifically to protect startups and small to medium enterprises
06/22/2022
Pankaj Gupta of Gulf Islamic Investments to Chair new GCC chapter of 256 Network
256 Network has over 600 members in 27 countries, with membership in the GCC increasing from 3% to 15% of overall membership
06/21/2022
Saudi entrepreneurs get $27b funding as SMEs grow by 15% in Q1
“SMEs must have their basic needs fulfilled,”
06/21/2022
ATFX expands services to LEVANT via new Jordan operation
The company said that the Middle-East region has always been an important cornerstone for its global growth.
06/16/2022
Capital Bank’s Extraordinary General Assembly approves capital increase in favor of the Public Investment Fund
Al-Salem also stressed the significance of this strategic investment as a testament to Capital Bank’s solid reputation in the region.
06/15/2022
Abu Dhabi’s Aldar eyes stake in Egyptian developer - report
The Egyptian government owns a 15% stake in Medinet Nasr
06/15/2022
Rents in Dubai rising at fastest rate since 2014: CBRE
Rents surge as transaction volumes continue to rise amid strong demand from buyers
06/14/2022
NBK launches the new cohort of its leadership development program “High fliers”
In line with its strategy to upskill employees and support their career development
06/14/2022
Boursa Kuwait provides advanced equity market training for asset managers in collaboration with the ICMA
Training program aims to nurture informed and engaged capital market community and is part of the exchange’s Corporate Sustainability initiatives
06/14/2022
Dubai Chamber of Commerce members' exports rise 28% in May
The total value of $6.26bn is the highest recorded by member companies since August 2018
06/10/2022
ADFD participates in Bonds, Loans and Sukuk Middle East forum as a strategic sponsor
"We are excited to participate in this distinguished forum that brings together the elite of the industry. Our aim was to exchange ideas and insights with experts on bonds and loans and to benefit from them. Moreover, the conference focuses on both r
06/10/2022
GCC Bank Profits Surge to $11 Billion
The bottom line was supported by marginal growth in net interest income and flattish non-interest income.
06/10/2022
UAE top Arab nation for attracting FDI
Investment inflow increased from $19.88b in 2020, to $20.7b last year
06/10/2022
UAE wealth fund ADIA takes 20% stake in Indian home finance firm
The fund invests on behalf of the oil rich Abu Dhabi government
06/10/2022
Banque du Caire arranges $668mln financing for Canal Sugar’s mega projects
The financing will also fund the establishment and operation of a sugar plant with a production capacity of around 900,000 tons of sugar annually