Egypt to receive $1.2 billion as part of IMF programme in January
Egypt is expected to receive a $1.2 billion disbursement from the International Monetary Fund this month as part of an…
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Saudi listed firms see growth in 2024 with ACWA Power and Al Rajhi as top performers
Saudi Arabia’s listed companies witnessed significant growth in 2024, with ACWA Power and Al Rajhi Bank emerging as the top…
Nawy initiates the acquisition of ROA to launch ‘Nawy Unlocked’
In a strategic move to expand its offerings and to continue reshaping the Egyptian real estate market, Nawy, Africa’s largest…
KIB continues to provide the best auto financing deal in collaboration with Al Sayer
Kuwait International Bank has announced the continuation of its most competitive financing offer, in partnership with Mohammed Naser Al Sayer…
Misr Insurance, Al Ain Ahlia partner to drive digital transformation, knowledge sharing in sector
In a significant move towards digital transformation in the insurance industry, Misr Insurance and Al Ain Ahlia Insurance Company of…
Fitch revises outlook on 5 Omani banks to positive; long-term ratings affirmed
Fitch Ratings has revised its outlook on five Omani banks – Bank Muscat, National Bank of Oman (NBO), Bank Dhofar,…
UAE sovereign wealth fund overtakes Saudi Arabia's PIF with $29bn in deals
The UAE’s Mubadala was the world’s most active sovereign wealth fund in 2024, deploying $29.2bn in a massive spending spree…
Saudi's Sahm App acquires over one mln users in one year, elevating the trading experience
Sahm App, Saudi Arabia’s premier all-in-one online trading platform, proudly announces that it has acquired over one million users in…
National Bank of Egypt Shines with Multiple Wins at the Global Business Review Magazine Awards 2024
The National Bank of Egypt has further solidified its position as a leader in the banking industry by winning multiple…
Al Ahly Pharos closes advisory on Capital Securitization’s $99mln securitization issue
Al Ahly Pharos Investment Banking has concluded advisory on Capital Securitization Company’s EGP 5.05 billion non-sovereign securitization issuance, according to…
Qatar commercial banks’ assets surge by 4.3% to $549bln
The total assets of commercial banks operating in Qatar increased by 4.3 percent to QR2 trillion in November 2024. …
Qatari banks to uphold robust financial metrics in 2025: Fitch
The banks maintain adequate capital buffers, with the end of the third quarter of 2024 average common equity Tier 1…