Alvarez & Marsal UAE Banking Sector Pulse reveals steady performance in Q2 2023
All top 10 banks reported increase in loans and advances (+2.7 percent QoQ), mainly driven by growth in corporate and…
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Turkey's central bank raises key rate to 25% to counter rising prices
Turkey's central bank raised its key policy rate by 750 basis points to 25 per cent on Thursday as it…
Dubai free zone sees 250% licence renewal boost
Dubai World Trade Centre Authority (DWTCA) Free Zone saw licence renewals surge by more than 250 per cent in the…
Saudi EXIM Bank signs export credit insurance deal with Evonik to boost non-oil exports
Saudi Arabia’s non-oil trade prospects are getting better with the Saudi Export Import Bank signing an export credit insurance policy…
How Dubai tenants can pay rent through direct debit – here’s how
If you are a tenant in Dubai, did you know that you don't necessarily have to pay the rent through…
Alvarez & Marsal UAE Banking Sector Pulse Reveals Steady Performance in Q2 2023
Leading global professional services firm Alvarez & Marsal (A&M) has released its latest United Arab Emirates (UAE) Banking Pulse for…
Valu rebrands as part of its evolution into a universal financial technology powerhouse
Valu, MENA’s leading financial technology company, announced Tuesday a strategic rebranding, marking a pivotal shift in its brand architecture. …
UAE's four largest banks post profit rise on interest income boost and economic momentum
Profits of the four largest banks in the UAE grew sharply in the first half of this year, boosted by…
Banking sector fintech major Zafin to set up third global operational centre in Dubai
Zafin, the Canada-headquartered leading SaaS (Software-as-a-Service) company in the banking sector, is looking to set up its third global operational…
UAE's top banks' combined profits soar 68% on higher rates, business activity
The UAE's biggest banks, which account for 77% of banking assets, notched up a combined net profit of $7.4 billion…
Islamic finance in Egyptian market exceeds $19.38bln in 1H 2023: El-Beltagy
Mohamed El-Beltagy, President of the Egyptian Islamic Finance Association, has said that the Islamic finance in the Egyptian market exceeded…
Oman’s Islamic banking assets hit RO7bn mark as market share rises
Oman’s Islamic banking sector is experiencing robust growth this year, driven by strong demand for Shariah-compliant products and supportive regulations.…