SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

Gender gap narrows in account ownership

  • Two-thirds of adults worldwide now make or receive a digital payment, with the share in developing economies grew from 35% in 2014 to 57% in 2021
  • The gender gap in account ownership has narrowed, helping women have more privacy, security, and control over their money, latest surveys highlight

The COVID-19 pandemic, which spurred financial inclusion, has driven a huge increase in digital payments amidst the global expansion of formal financial services.

This expansion created new economic opportunities, narrowing the gender gap in account ownership, and building resilience at the household level to better manage financial shocks, according to the Global Findex 2021 database.

Here is how the pandemic aided the growth of digital banking across the GCC countries: