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Loans extended by Bahrain banks increase 4.6% in 2024The outstanding balance of total loans and credit facilities extended to resident economic sectors by banks in Bahrain increased to BD12.3 billion ($32.62 billion) at the end of December 2024, an increase of 4.6% compared to the end of 2023. More… |
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Omnivest seals $500m finance deal with global banksOman International Development and Investment Company (Ominvest) has announced a significant milestone in its growth trajectory with the signing of a $500 million facility arranged by Gulf International Bank (GIB) along with their partners ABK More… |
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Riyadh Air secures inaugural $1.33bn Revolving Credit FacilityRiyadh Air, the startup airline wholly owned by the PIF (Public Investment Fund), Saudi Arabia’s sovereign wealth fund, has successfully closed its inaugural self-arranged Islamic Revolving Credit Facility amounting to SR3.0 billion. The More… |
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Riyadh Air secures inaugural $1.33bn Revolving Credit FacilityRiyadh Air, the startup airline wholly owned by the PIF (Public Investment Fund), Saudi Arabia’s sovereign wealth fund, has successfully closed its inaugural self-arranged Islamic Revolving Credit Facility amounting to SR3.0 billion. The More… |
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Criminals reverting to old-school tactics with new twists: VisaVisa’s the State of Scams: Fall 2024 Biannual Threats Report brings to light several emerging threats and scams targeting banks and consumers, including a surprising resurgence of small-scale physical crime. More… |
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Criminals reverting to old-school tactics with new twists: VisaVisa’s the State of Scams: Fall 2024 Biannual Threats Report brings to light several emerging threats and scams targeting banks and consumers, including a surprising resurgence of small-scale physical crime. More… |
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New deal to provide wallet tech solutions to banks, fintechs in MEAA key memorandum of understanding (MoU) signed in the UAE to explore extension of innovative digital payment solutions to businesses in the Middle East and Africa (MEA), promises to drive digital transformation and financial inclusion in the reg More… |
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Newgen unveils Gen AI LumYn platform for banksNewgen Software, a leading global provider of low-code digital transformation platforms, has announced the launch of LumYn in the Middle East. This groundbreaking Gen AI-powered hyper-personalisation plat More… |
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Newgen unveils Gen AI LumYn platform for banksNewgen Software, a leading global provider of low-code digital transformation platforms, has announced the launch of LumYn in the Middle East. This groundbreaking Gen AI-powered hyper-personalisation plat More… |
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Aggregate capital, reserves of UAE banks hit $129.8bnThe aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion ($129.8 billion) at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). More… |
