ANB plans USD-denominated AT1 Sukuk
Arab National Bank (ANB) plans to issue US dollar-denominated Additional Tier 1 (AT1) capital sukuk under its international AT1 capital…
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Lesha Bank completes acquisition of equity interests in diversified aviation portfolio
Lesha Bank LLC (Public) ("Lesha Bank" or the "Bank"), through its Lesha Aviation Fund, has successfully completed the acquisition of…
UAE is home to 59 billionaires with combined wealth of $201 billion
The UAE’s billionaire population accounted for about 1.4 per cent of the global total of 3,795 billionaires, while their combined…
Bank of Singapore strengthens Dubai franchise
Bank of Singapore has appointed two experienced relationship managers to its Dubai office. Mahesh Ramakrishnan joins the bank on 3…
UAE, Egypt Central Banks Coordinate Over US Action Against Banque Misr
The central banks of the UAE and Egypt said they are maintaining full and continuous coordination over US regulatory action…
NBE named Egypt’s "Best Private Bank" at Euromoney Awards 2026
The National Bank of Egypt (NBE) has been named “Best Private Bank in Egypt” at the Euromoney Awards 2026, one…
Oman bank loans exceed deposits as ratio reaches 102.9%
Loans extended by Oman’s commercial banks exceeded their deposit base at the end of June, with the loan-to-deposit ratio reaching…
Saudi banking assets reach $1.5tn in July: SAMA
Saudi Arabia’s banking system continued to expand in July, with total assets rising to SR5.75 trillion ($1.5 trillion), according to…
SAMA licenses Jeel Pay for BNPL as Saudi finance sector expands
Saudi Arabia’s central bank licensed Jil Aldaf Alajil Co., which operates as Jeel Pay, to provide buy-now-pay-later services, bringing the…
Visa tests first live international transaction in Syria
Visa has tested its first live international transaction in Syria, working with Fransabank Lebanon and Paymera. The test was…
Egyptian Exchange leads Arab markets with 56.9% market cap growth in June 2026
The Egyptian Exchange (EGX) has topped Arab stock markets in June 2026, with a growth in market capitalization of 56.9%…
Anthropic names Bain & Company a Global Premier Partner for Claude
Earlier this summer, Bain & Company was named an Elite Partner of OpenAI – the highest tier in its partner…