$2.8bn boost for National Bank of Egypt’s retail portfolio expansion
The National Bank of Egypt will pump 45 billion Egyptian pounds ($2.8 billion) next year into its retail portfolio amid…
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Group ONE Closes US$150 Million Equity Financing Round Led by Guggenheim Investments and Qatar Investment Authority
Group ONE Holdings has announced it has closed a US$150 million equity financing round led by two new global investors,…
Saudi British Bank sells stake in Wataniya Insurance for $21.3mln
Saudi British Bank (SABB) has sold its entire stake in Wataniya Insurance Co. to Private Wealth Investment Holding Co. for…
NIC appoints Gulf Bank as selli agent of Al Wataniya Fund
In a major move towards developing new collaborations that aim to enhance the partnership between the investment companies and Kuwaiti…
Gulf states must revive plans for a common currency
In these past 40 years, the Gulf states have achieved significant progress on economic cooperation, starting with the abolition of…
Some investors turn cautious on Egypt's lucrative carry trade
Some foreign investors are becoming cautious about buying domestic Egyptian treasuries due to jitters over emerging markets and the sustainability…
Export Bahrain wins global award for Best International Deal Facilitator of Start-up Exporters
Export Bahrain has won a prestigious international award, in a global testament of its integral role in empowering Bahrain-based SMEs…
Turkish finance minister briefs banking sector on new economic model
Turkey's Finance Minister Nureddin Nebati has briefed the country's banking association, BDDK banking watchdog and state bank managers on the…
NBK Named Best Foreign Exchange Provider in Kuwait for 2022
The award is a reaffirmation of NBK’s leadership as a provider of best-in-class services and solutions to clients NBK…
Lebanon's central bank will start selling US dollars to commercial banks at Sayrafa rate- statement
Beirut- Lebanon's central bank will start selling U.S. dollars to commercial anks at the rate of its foreign exchange platform,…
DeFi set to revolutionise global trade
The UAE is making significant strides and fast becoming one of the world’s most blockchain-friendly nations with decentralised finance (DeFi)…
Dubai Investments makes open offer for Dubai insurer NGI's outstanding shares
Dubai Investments has placed an open offer to buy “all or part” of shares held by others in the Dubai…