Sohar International recorded a 41.6 per cent increase in net profit to OMR28.3m for the year ended December 31, 2021
Fintechs, startups and financial institutions can now plug and play into NymCard’s modern BaaS infrastructure to issue their own Mastercard cards
The final offer price is expected to be announced on June 27, 2022
Central banks across the GCC have also raised their interest rates
The Bahraini women are among a growing number of females taking on leadership roles across the Gulf region
The new portal will enable fintech developers to use the lender’s APIs for the purpose of developing their own applications
Trends show investors have been buying bonds in a range of financial and corporate issuers, where yields provide a boost to the income the funds produce
The world’s largest digital token tumbled as much as 6.4 per cent to $25,593, its lowest level since May 12
Millennials and Gen Z are increasingly take their place in the boardrooms of family businesses
Whether you’re Poland or Peru should make a big difference in deciding just how big a priority a central bank digital currency should be
ECA International analyses the cost of consumer goods and services in more than 490 locations worldwide, while accommodation data is also factored in
Aimed at serving the large population of underbanked people in region, the pre-paid card will go live in the third quarter of the year
International banks including Citigroup and Bank of America have been expanding in the kingdom
Sheila Alrowaily is among a growing number of women taking on leadership roles in finance across the Gulf region
UAE imports from GCC countries in 2021 increased to Dhs56.3bn, compared to Dhs43.8bn in 2020
Anticipated changes in the international monetary system and concerns over rising economic risks in reserve currency economies are also major factors
The fund will be dedicated to tech startups and companies specialised in sectors such as telecommunications, financial services and education, among others
The company plans to hire 120 employees in Dubai across the R&D, product, operations and HR departments within the next 18 months
The company expects to pay a dividend amount of Dhs800m per annum over the next three years
First Abu Dhabi Bank and ADGM will support each other’s key initiatives and jointly organise industry workshops and innovation programmes
Julius Baer has hired Slim Bouker, Doha Bank’s head of private banking, to oversee the expansion
Bitcoin has been strongly correlated with risk assets for much of the past couple years
The gold price decline in recent months has come as the US central bank started its hiking cycle
The market value of shares owned by foreign investors in Q1 2022 jumped 163 per cent to total Dhs131bn
The Indonesian government is one of the largest sukuk issuers on Nasdaq Dubai
In March, Multiply Group was added to the newly designed FTSE ADX 15 – the first index co-developed under the FTSE ADX partnership
The agreement will accelerate the geographical expansion of valU and provide digital finance solutions to consumers in Saudi Arabia through FAS Finance
This is a significant milestone for EFG Hermes, as it’s the firm’s first IPO on Boursa Kuwait where it has acted as a joint bookrunner for the offering
The rate of job creation in UAE was the quickest in seven months despite the inflation
The Public Investment Fund signed a subscription agreement that would involve it buying 63 million newly issued shares