Egypt reviews fair value study for IPO-planned Banque du Caire
The committee reviewing the performance of state-owned and government-backed entities examined a study on the valuation of state-owned Banque du…
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Saudi SABIC names Al‑Faqeer as new CEO
Saudi Basic Industries Corp. has appointed Dr. Faisal Mohammed Al‑Faqeer as its new CEO following the resignation of Abdulrahman Al‑Fageeh.…
The UAE Banking and Financial Sector is Resilient, Strong, Stable, and Well-Positioned to Navigate Regional Developments
H.E. Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates, affirmed that the UAE’s banking and…
Middle East wealth funds ADIA, QIA to anchor SoftBank’s PayPay IPO
PayPay Corporation, a subsidiary of SoftBank Group, has lined up Abu Dhabi Investment Authority (ADIA) and the investment arm of…
Saudi banks’ rankings among the world’s 500 strongest banking brands unveiled
Data released by Brand Finance showed that all Saudi banks were included in the list of the world’s 500 strongest…
Investcorp announces close of second GP staking fund with $1.1bln in commitments
Investcorp, a global alternative investment firm, today announced that its GP staking arm, Investcorp Strategic Capital Group (ISCG), has closed…
Dubai gold climbs above Dh621 after sharp fall amid volatile global markets
Gold buyers in Dubai saw prices bounce back sharply on Wednesday morning after a sudden drop a day earlier, with…
Boubyan Bank-backed Nomo appoints Ewan MacLeod as CTO
UK-based Sharia-compliant digital banking app Nomo has named industry veteran Ewan MacLeod as chief technology officer (CTO), effective immediately. …
GCC banks are well buffered against Iran conflict credit risks
Gulf Cooperation Council banking systems face few immediate credit risks from the regional conflict that has followed attacks launched by…
Ajman Department of Tourism, Culture and Media signs cooperation agreement with Germany’s Vtours
The Ajman Department of Tourism, Culture and Media (ADTCM) has signed a strategic agreement with Germany-based Vtours, aimed at enhancing…
Oil prices up 1% as Iran crisis disrupts Middle East supply
Oil prices rose about 1 percent on Wednesday as US-Israeli strikes on Iran disrupted Middle East supplies, but the pace…
GCC banks resilient to Iran conflict risks amid strong buffers
Gulf Cooperation Council banks face limited short-term credit risks from the regional conflict following US and Israeli strikes on Iran,…