"We continue to capitalize on the promising opportunities in this market through innovative offerings and solutions, while strengthening our substantial presence in the UAE, where we operate more than 60 branches and over 500 ATMs, alongside our strategic markets including Saudi Arabia, Qatar, the United Kingdom, and Iraq," he adds.

"Numerous opportunities exist in sustainable investments, especially in sectors like building systems, renewable energy, water, food and agriculture, shipping, among others. Additionally, there's a noticeable increase in financing for sustainable investments from high-net-worth individuals, family businesses, and institutional funds globally," she adds.

Dubai, UAE - Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit $71.87 billion by the end of October 2023, showing an annual increase of 7.8 percent, equivalent to about $5.17 billion, compared to approximately $66.59 billion in October 2022. The local currency, the dirham, accounted...

While the energy and commodity sectors faced declines due to falling prices, the banking and telecom sectors demonstrated remarkable resilience, says a latest report.

GCC banks experienced robust lending growth during Q2-2023, despite multi-decade high rates from US hikes, with loans from GCC-listed banks hitting a record $1.9 trillion.

GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived.

GCC banks, which are recognized for their sophistication and maturity, have minimal exposure to the ongoing global crisis due to proactive administrations and robust regulations across the region, they add.

Net profit reported by the companies jumped to a record high of US$ 273.3 billion in 2022,  compared to US$ 199.0 billion in 2021, according to a new report by Kamco Invest.

Washington, United States - US Treasury Secretary Janet Yellen expects the world's biggest economy will continue to grow, despite heightened recession concerns following recent turmoil in the banking sector. The dramatic collapse of Silicon Valley Bank (SVB) and Signature Bank last month had rattled the industry, prompting US authorities including...

The UAE stock market followed the trend of other markets worldwide and ended the week on a high note but the Saudi TASI index closed down 1.1 percent.

In its June 2022 report, CBUAE noted that the number of employees in the country’s banking sector increased to 34,332 at the end of the first half of 2022.

Total assets of the 22 national banks rose to US$816.8 billion (AED 3.023 trillion) in the first five months of 2022, up four percent from US$31.9 billion (AED 117.3 billion), according to latest statistics released by the UAE Central Bank (CBUAE).

This disbursement is part of a loan agreement signed in 2020 between Tunisia and the German Development Bank to improve access to financing for SMEs.

Nearly 75 percent of banks expect tech giants such as Google and Amazon to dominate the banking industry in five years' time, a report said.

Rania Nashar has more than two decades of experience in the banking sector PIF has increased its employees from 40 in 2016 to more than 1,100 employees today Saudi Arabia’s Public Investment Fund (PIF) said it appointed Rania Nashar, former CEO of Samba Financial Group, as its head of compliance...