Islamic banks account for 21% of gross domestic credit: CBUAE
Gross credit provided by Islamic banks increased by 1.1% in the first four months of 2024 to AED433.7 billion, constituting…
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Egypt central bank seen leaving interest rates unchanged
The Central Bank of Egypt (CBE) is expected to keep its overnight interest rates steady when its monetary policy committee…
UAE signs $817m currency swap agreement with Ethiopia
The UAE Central Bank has partnered with the National Bank of Ethiopia to establish a bilateral currency swap agreement, aimed…
Traditional wealth management evolves with new markets, younger clients and modern tech
With the global financial landscape constantly evolving and the UAE playing a significant role in this change, it’s only natural…
Dukhan Bank reports a net profit of QAR 784mln for the six-month period ended 30 June 2024
Strong profitability driven by a persistent year-on-year growth in total income of 15% Group’s total assets reached QAR 114.2 billion…
National Finance partners with leading brands to offer seamless consumer durables financing
Committed to being a trusted Partner for Growth to all, National Finance, the Sultanate of Oman’s leading finance company, has…
QNB first bank in Qatar to launch own cyber-security awareness campaign
QNB, the largest financial institution in the Middle East and Africa, is the first bank in Qatar to launch its…
QIA invests in full-service trailer lessors Transportation Equipment Network (TEN)
Squared Capital, a leading independent global infrastructure investment manager, today announced that it has raised in excess of $600 million…
Middle East workforce embrace upskilling to thrive in the age of GenAI and climate change, says new PwC report
Nearly half of the employees in the region are considering changing employers within the next 12 months. Employees prioritise skills-growth:…
BankDhofar continues its support to Small and Medium Enterprises aligning with Oman Vision 2040
BankDhofar in alignment with Oman Vision 2040 is taking substantial steps to support the Small and Medium Enterprises sector. The…
KPMG publishes playbook on how AI can drive functional transformation
Businesses are becoming more cognizant of the value they can deliver with artificial intelligence (AI) and Generative AI (gen AI).…
Sharjah debuts in euros to ease funding pressure: IFR
The Emirate of Sharjah issued its debut euro-denominated bond last week in a bid to diversify its funding. The emirate…