Saudi Arabia's SNB’s shares dip as it seeks to own 10% stake in Credit Suisse worth $1.5bn
Saudi National Bank, known as SNB, is all set to invest up to $1.5 billion in Switzerland-based Credit Suisse, as…
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Credit Suisse Becomes Part of Saudi Crown Prince's Vision
Credit Suisse is bringing Saudi National Bank on board as one of its largest shareholders to increase capital. At the…
BBK discloses its financial results for the period ended 30th September 2022
BBK (trading code BBKB.BH) announce its financial results for the nine months ended 30th September 2022, including the third quarter…
UAE's central bank pilots cbank digital currencies transactions
The Central Bank of the United Arab Emirate said on Wednesday it has completed the world's largest pilot of central…
IMF confirms $3bn loan for Egypt, welcomes exchange rate flexibility
The International Monetary Fund said on Thursday it had agreed a 46-month, $3 billion Extended Fund Facility with Egypt, welcoming…
Central Bank of the UAE completes first real-value cross-border payment transactions
The Central Bank of the UAE (CBUAE) has completed the first and the largest scale pilot of central bank digital…
Abu Dhabi’s Biggest Wealth Fund Is Pushing Deeper into the U.S., Real Estate
The $829 billion Abu Dhabi Investment Authority is pushing deeper into the US and real estate investments, tapping into opportunities…
Investcorp and Fung Capital set up new $500m fund to invest in mid-cap companies in China
Bahrain's alternative asset management firm Investcorp and Hong Kong-based private investment office Fung Capital will set up a $500 million…
MENA debt issuances plunged 80% YTD to $18.3bln
MENA debt issuance amounted to $18.3 billion year-to-date (YTD) in 2022, plumetting 80% from the value recorded in the year-earlier…
Dubai’s biggest lender Emirates NBD posts 51% rise in Q3 net profit
Emirates NBD, Dubai’s biggest lender, has posted a 25% year-on-year (YoY) rise in net profit on the back of strong…
UAE tops list of FDI senders to Egypt, says Egyptian PM
The UAE's foreign direct investment (FDI) in Egypt rose to US$ 4.6 billion in the first nine months of the…
Saudi Aramco sets up $1.5bln sustainability fund
Oil giant Saudi Aramco has set up a $1.5 billion sustainability fund to invest in technologies that can support net-zero…