Jordan's economy posts faster growth despite global turmoil – IMF
Jordan's growth has quickened in 2022 despite global economic turbulence, driven by strong progress in IMF-backed structural reforms that have…
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GCC retail sector overall will see 15.7% YoY growth in 2022 – Alpen Capital
The GCC retail industry will surpass pre-pandemic levels in 2022 as it returns to steady growth after a period of…
President highlights UAE’s ambitious, yet balanced, approach to achieve sustainable outcomes at G20
President His Highness Sheikh Mohamed bin Zayed Al Nahyan participated on Tuesday in the main session of the 17th Group…
Saudi Arabia’s PIF ups stakes in Meta and Alphabet in Q3
Saudi Arabia’s Public Investment Fund further increased its stakes in Meta and Alphabet in the third quarter of 2022, as…
Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs
Banque Misr, one of the largest banks in Egypt, has secured a loan of $160 million from the African Development…
MBS’s Credit Suisse Stake Isn’t Just Another Gulf Bank Rescue
As Credit Suisse Group AG is overhauled, the Saudis have swooped in to help. But the Swiss bank may end…
Swiss Private Banks Arab Bank (Switzerland) Ltd. and Gonet & Cie SA sign a strategic business partnership agreement
Swiss Private Banks Arab Bank (Switzerland) Ltd. and Gonet & Cie SA sign a strategic business partnership agreement combining their…
Dubai real estate: Emaar reports $2.3bn profit in 2022
Emaar Properties announced revenue of $5.1bn (AED18.9bn) for the first nine months of the year. Reflecting the growth in…
PwC Middle East Net Zero Future50 launches to support climate tech innovators in the region
Climate change mitigation and adaptation strategies are at the top of the global agenda as business leaders and governments convene…
Al Salam Bank's Ithmaar unit acquisition valued at $2.2bln
Al Salam Bank recently announced that it has completed the acquisition of select assets from Ithmaar Holding in Bahrain, including…
Morningstar hires European index sales head from Amundi
Morningstar has appointed former Vanguard and Amundi ETF sales specialist Liz Wright as head of index sales for EMEA. …
Al Rajhi Bank completes $3bn Tier 1 SR-denominated Sukuk subscription
Al Rajhi Banking and Investment Corp., the Kingdom’s largest valued bank, has completed the offering and subscription of Tier 1…