The value of real estate transactions records 4.85mln Riyals during Q1
Farghaly: Absence of major deals, Demand for “Ready-made properties” and Increases of up to 60% in rents. Al-Kaabi: 30% of…
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EBRD’s first investment under new green financing facility in Turkey
EBRD new green financing facility in Turkey to strengthen green investments €53.5 million loan to TSKB co-financed by the Clean…
GFH launches “Prime” programme to reward top shareholders
GFH Financial Group has announced a new shareholder loyalty programme “Prime”, which provides rewards and incentives for loyal shareholders. …
SABB wins Saudi Arabia’s Best Bank 2022 Award
The Saudi British Bank has won the “Saudi Arabia’s Best Bank 2022” award by Global Finance magazine for the third…
Bank deposits increase to EGP 6.549trn in January 2022: Egypt
The Central Bank of Egypt has announced an increase of about EGP 99bn in the bank deposits in January 2022,…
Ahlibank honoured with ‘Leadership in Youth Development’ Award
Ahlibank’s ongoing efforts to empower local youth with Career opportunities that include orientation and on-job-training programs as well as soft…
Saudi Arabia converts $300mln deposit with Mauritania's central bank to soft loan
Saudi Arabia has transferred its $300 million deposit with the Central Bank of Mauritania into a soft loan, in implementation…
Financial stability risks for Saudi Arabia's banking sector to remain contained despite rapid growth
S&P Global Ratings said that it expects risks to the stability of Saudi Arabia's banking system to remain contained, despite…
Standard Chartered announces changes to refocus and simplify its presence in Africa & Middle East region
As set out during its full year 2021 results presentation, Standard Chartered PLC (“the Group”) is accelerating its strategy to…
SAMA cautions bank customers amid surge in financial fraud
There has been a surge in incidents of financial fraud being practiced by unscrupulous people to cheat bank customers, according…
HAYVN receives approval from the Swiss Financial Market Supervisory Authority, FINMA
HAYVN has announced that it has successfully received approval from the Swiss Financial Market Supervisory Authority, FINMA to join a…
FinTech growth and digital banks' risk appetite stoking stability concerns, IMF says
The combination of rapid growth and increasing importance of digital banks and FinTechs entail system-wide risks for financial stability as…