KPMG brings together tech partners for 'pioneering' data offering
KPMG has agreed expanded UAE-focused alliances with Informatica, Snowflake and Microsoft, ramping up how the consulting firm collaborates with the…
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Prince Alwaleed's Kingdom Holding invests $268m in Europe's M&G
Kingdom Holding, the investment company controlled by Saudi Arabia's Prince Alwaleed bin Talal, invested more than a billion Saudi riyals…
UnionPay International Reaches Cooperation Deal with Bank Albilad in Saudi Arabia
UnionPay International Middle East Branch and Bank Albilad hold a signing ceremony in 27 June 2022 with VP of UPI,…
UAE bank borrowings hit $498bln as demand for personal, business loans rise
Lending activity in the UAE rebounded during the first quarter of the year as sentiment improved and banks ramped up…
Oman's plan to introduce Islamic money market instruments is positive for sector
Oman's plan to introduce Islamic money market instruments will support the growth of the Islamic sector and diversify lenders' assets,…
Qatar’s Islamic finance sector set for growth
The year 2022 is positioned for growth for Qatar’s Islamic finance institutions as the economy expands in the run-up to…
How investors will benefit from Dubai’s new law on real estate funds
Dubai’s new law to incentivise property investment funds is expected to attract more foreign capital to the industry, but it…
Egypt's EBank modernizes business operations with AI and IBM Cloud Paks on Red Hat OpenShift
(NYSE: IBM) has announced its collaboration with Export Development Bank in Egypt (EBank) to launch its digital banking-as-a-service (BaaS) platform…
Saudi Arabia leads GCC with 77% growth in project contract awards in Q2
Saudi Arabia leads the Gulf Cooperation Council region with $16.5 billion worth of projects awarded during the second quarter of…
Moody’s expects Saudi economy to grow an average of 3.9% for next four years
Saudi Arabia’s economy is forecast to grow at an average rate of 3.9 percent between 2022 to 2026, according to…
National Bank of Kuwait reports net profit of KD 237.8mln for the first half of 2022
National Bank of Kuwait has announced its financial results for the six-month period ended 30 June 2022. The Bank reported…
ADIB delivers a strong set of results for H1 2022
Strong year on year Revenue growth driven by core business 30% y-o-y increase in Net Profit to AED 1.4 billion…