Central bank of Bahrain trials JPMorgan blockchain and token
Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing…
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Chimera Capital LLC launches Shariah-compliant exchange traded fund tracking the S&P Saudi Arabia Shariah Index
Chimera Capital LLC has announced the launch of its Chimera S&P KSA Shariah Compliant Exchange Traded Fund (Bloomberg: CHSASHIN), a…
Abu Dhabi Securities Exchange selects FTSE Russell as benchmark administrator for domestic indices
FTSE Russell has announced that it will begin providing daily index calculations on the Abu Dhabi Securities Exchange (ADX) General…
Saudi real estate sector on recovery path, says report
Saudi real estate sector continues to recover with an expectation of a revival in the kingdom's GDP growth driven by…
Financial soundness of UAE banks robust, says central bank
The aggregate data on the UAE’s banking sector for the first nine months from the Central Bank of UAE (CBUAE)…
NCB, Samba complete final phase of merger creating Saudi Arabia’s largest bank
The National Commercial Bank, or NCB, concluded the final phases of a merger deal with Riyadh-based Samba Financial Group on…
UAE central bank expects economy to grow 4.2% in 2022
The Central Bank of the United Arab Emirates said it expects the UAE economy to grow 4.2% in 2022, accelerating…
NBE manages 51 financing deals worth over EGP 235bn in 2021
Bloomberg has announced that the National Bank of Egypt (NBE) has won the first place as the top bank acting…
Masraf Al Rayan’s asset quality to remain healthy
The asset quality of Masraf Al Rayan is expected to remain healthy and is expected to remain cost efficient, according…
Bank Muscat launches ‘Integrated Transaction Banking Platform’
In line with its pioneering role in introducing new and innovative digital banking services for the benefit of its customers,…
Alizz Islamic Bank joins first Waqf Forum
Waqf sector is considered one of the main drivers of funds growth in the Sultanate, said Asaad bin Hilal Al-Kharusi,…
UAE Central Bank M1 increased by 2.1% at end of November 2021
The Central Bank announced that the Money Supply aggregate M1 increased by 2.1%, from AED 671.6 billion at the end…