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Al Ramz announces IPO for two new GCC-focused investment funds

MEA Finance - 0
Al Ramz Corporation PJSC, a financial services institution with a 25-year legacy in capital markets, announced the Initial Public Offering (IPO) of two new...
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Banking & Finance

UAE financial system more secure, efficient than ever before, says CBUAE

MEA Finance - 0
The total number of ATMs of banks operating in the UAE reached 4,654 in 2023
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Technology

Paymob, Tamara partner to advance GCC SMEs growth

MEA Finance - 0
The deal between two of the MENA region’s fastest-growing fintech companies creates a payments ecosystem that enables merchants to offer seamless customer experiences
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Banking & Finance

UAE central bank joins Gulf Payments Company’s AFAQ

MEA Finance - 0
AFAQ offers the service of executing financial transactions in local currencies to customers across the region in real-time with lower fees.
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Banking & Finance

Egypt’s credit score downgraded by Fitch Ratings to ‘B-‘

MEA Finance - 0
The ratings agency said it expects Egypt to face a significant rise in external debt maturities in fiscal years ending June 2024 and June 2025
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Banking & Finance

Mastercard, tmam partner to help GCC SMEs digitise corporate expenses

MEA Finance - 0
The collaboration will help small businesses digitise their corporate expenses while saving money on company spending.
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Banking & Finance

Islamic funds’ assets under management fall on rate rises

MEA Finance - 0
Islamic funds’ AuM fell by 4% quarter-over-quarter (QoQ) in the GCC, Malaysia, Indonesia and Pakistan.
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Banking & Finance

NBK – Bahrain posts KWD 51.7 million in H1 2023 profit

MEA Finance - 0
NBK Group possesses a unique advantage as a result of its extensive geographical footprint
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Investments

Middle East investors to infuse $120 billion in Egypt

MEA Finance - 0
The UAE invested in 71 projects worth a record $5.6 billion in 2021 alone, with the most significant being The Agtech Park.
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