Tag: GCC
UAE financial system more secure, efficient than ever before, says CBUAE
The total number of ATMs of banks operating in the UAE reached 4,654 in 2023
Egyptian Paymob, Tamara partner to advance GCC SMEs growth
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
Egypt’s credit score downgraded by Fitch Ratings to ‘B-‘
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
Islamic funds’ assets under management fall on rate rises
The decline was driven by investor outflow mainly due to rising interest rates and financial market volatility.
Mastercard, BIBF collaborate to boost financial inclusion
The BIBF will work with Mastercard Academy to design and deliver customised and scalable digital and physical learning courses.
Middle East investors to inject $120 billion in Egypt
The UAE invested in 71 projects worth a record $5.6 billion in 2021 alone, with the most significant being The Agtech Park.
Four AI use cases that will come to dominate the regional BFSI sector
Sid Bhatia, Regional Vice President & General Manager, Middle East & Turkey, Dataiku give insights into four AI use cases that will dominate the region’s BFSI sector
IMF executive board approves $3 billion Egypt extended arrangement
The International Monetary Fund (IMF) said Saturday that its executive board has approved a 46-month $3 billion financial support package for Egypt which is...
IMF calls talks with Egyptian authorities on new program “productive”
The International Monetary Fund (IMF) said that it held productive discussions during a staff visit to Egypt on economic policies and reforms to be...
Egypt secures $500 million from the World Bank to boost food security
The World Bank said Wednesday that it had agreed to provide Egypt with a $500 million (EGP 9.4 billion) loan to boost food security...