World Bank raises Saudi Arabia’s 2022 growth forecast to 4.9%
The World Bank has raised Saudi Arabia’s 2022 growth forecast from 3.3 percent to 4.9 percent. In a statement,…
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Egypt completes $3bln loan for green and Islamic financing
Egypt secured a $3 billion loan arranged jointly by a group of Gulf banks, to be divided equally between green…
Bahrain's GFH Financial sets up new company with $1bln capital
GFH Financial Group has announced the spinning out of its infrastructure and real estate assets under the newly established “Infracorp”…
QIB Profit grows by 16%
His Excellency, Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani, Chairman of Qatar Islamic Bank (QIB) has announced…
KPMG records strong growth in FY21 in the Middle East & South Asia region
KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September…
HSBC Reclaims Bond Crown in Mideast and Awaits Spurt to Beat Fed
HSBC Holdings Plc, which last year was the top arranger for bond sales in the Middle East for the first…
UAE bank deposits grew 80 per cent in 10 years
Deposits at UAE banks grew 80 per cent to Dhs1.884 trillion in 2020 from Dhs1.049 trillion in 2010. According…
Dubai to enhance its position as a global liveability hub
Dubai’s Department of Economy and Tourism (DET) and HSBC Bank Middle East have signed a Memorandum of Understanding (MoU), paving…
Al-Rajhi Bank gets green light to complete acquisition of Ejada Systems
Al-Rajhi Bank received the green light on completing an acquisition of Ejada Systems Company Ltd, according to Saudi Arabia’s General…
Spate of pro-investor reforms to drive UAE FDI surge in 2022
Foreign direct investment flow into the UAE is expected to see a significant surge in 2022 driven by enhanced pro-investor…
UAE's Mubadala invests $100m in Israeli VC firms – report
The Abu Dhabi sovereign wealth fund is investing in Israel's tech sector, "The Wall Street Journal" reports. UAE sovereign-wealth…
New initiative to promote sustainable finance skills for Middle Eastern youth
A new initiative supported by HSBC and the University of Toronto’s Rotman School of Management will promote the development of…