Moody's, S&P rate Abu Dhabi Sweihan's proposed $728mln bonds stable
S&P Global Ratings and Moody's Investors Service have rated Abu Dhabi-based solar energy firm Sweihan PV Power Co.’s (SPPC) proposed…
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Saudi National Bank plans Sukuk denominated in US Dollar
The Saudi National Bank plans to issue Islamic bonds, or Sukuk, denominated in US Dollar with the size of the…
GCC chief stresses importance of China relations
The Secretary-General of the Gulf Cooperation Council Dr. Nayef Falah M. Al-Hajraf stressed the importance of strengthening Gulf-Chinese relations to…
Central Bank of Bahrain and JP Morgan conduct successful digital currency settlement test
The Central Bank of Bahrain (CBB) has successfully completed a digital currency settlement test using JP Morgan’s JPM Coin system.…
Major Mena banks to post 29% jump in fourth- quarter earnings, EFG Hermes says
Major banks in the Middle East and North Africa are expected to post a 29 per cent annual increase in…
GCC consumer sentiment remains relatively unaffected by global agitators, says new D/A report
According to the latest research by leading consumer intelligence platform, D/A, owners of Sila, an Arabic-native, AI-enabled consumer intelligence platform,…
Israel's One Zero Digital Bank gains full licence
One Zero Digital Bank has received final regulatory approval for a full banking licence, the Bank of Israel said on…
Emergency liquidity available for Egyptian banks
Egyptian banks will have access to a new stream of emergency cash, after the country’s Central Bank signed off on…
Qatar National Bank 2021 profit up 10% driven by loan growth
Qatar National Bank, the Gulf's biggest bank by assets, on Tuesday reported a 10% increase in annual net profit driven…
Climate failure and social crisis top global risks 2022
Global survey of experts finds only 1 in 6 are optimistic and only 1 in 10 believe the global recovery…
Saudi Arabia .. The biggest merger of the Bank and the Financial Group has come to an end
The National Bank of Saudi Arabia announced the completion of the $ 239 billion merger process between Al-Ahly Commercial and…
Promising outlook for global Sukuk market following robust 2021
Fitch Ratings-Dubai : “Growth will be anchored by robust Islamic investor appetite, funding diversification goals, and Islamic-finance development agendas in…