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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

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: