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Kuwait Insurance Company achieves profit of $31.5mln. ZAWYA COVERAGE. BONDS. Jordan Ahli Bank bonds issuance oversubscribed by 109%. ISLAMIC FINANCE. Saudi fitness chain Armah secures $47mln loan for expansion. EQUITIES. Saudi's Savola set to go ahead with plans to distribute entire stake in Almarai.
Saudi Arabia’s newest digital bank ‘D360 Bank’ to go live soon
Mar 20, 2023 · SAMA. RIYADH: D360 Bank unveiled plans at the Financial Sector Conference (FSC) held on 15 and 16 March 2023 for its imminent launch as one of the newest digital banks to operate in Saudi Arabia. The Chairman of the Board of D360 Bank, Mr. Taha Al Kuwaiz, thanked the FSC members and organizers for providing D360 Bank a platform to share ...
RAKBANK income, profit & balance sheet growth continues into
Jul 30, 2024 · Record Net Profit before tax of AED 1.2B up 33% YoY. Key Financial Highlights – H1 2024. RAKBANK delivers record net profit after tax of AED 1.1B, growth of 21% YoY, driven by diversified growth in balance sheet, continued sales momentum and strong credit quality.
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Saudi Arabia one of just 6 countries where crypto is growing
Sep 27, 2023 · Saudi Arabia posts crypto growth. In the Gulf, Saudi Arabia’s crypto economy is on an upward curve, receiving $30.9 billion between July 2022 and June 2023, a year-on-year volume transaction growth of 12%. It was the only MENA country and one of just six countries worldwide that saw a year-on-year increase in transaction volume, Chainalysis said.
Spare Technologies granted license as an open banking ancillary
May 7, 2022 · The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy.
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E& UAE and Huawei complete the first global 5G virtual network
Oct 22, 2024 · Dubai, UAE: e& UAE and Huawei have achieved a significant milestone by commercializing the 5G virtual network service based on 3GPP 5G-LAN technology under the 5G SA Option 2 architecture. This successful collaboration marks the first-ever commercial deployment of this, setting a new benchmark for telecom innovation and its first-ever global ...
Kuwait plans $1.8bln tourism city - ZAWYA
Sep 30, 2024 · Kuwait is planning to build a tourism city comprising hotels and other facilities at a cost of nearly 550 million Kuwaiti dinars ($1.8 billion), press reports said on Monday. The US consultancy firm Oliver Wyman has been awarded a $1.5 million contract to carry out the feasibility study for the project in the Northern Al-Jahra governorate, the ...
ADIA named investor in $8.4bln Smartsheet deal with Blackstone
Sep 25, 2024 · The Abu Dhabi Investment Authority (ADIA), UAE’s largest wealth fund, is part of the Blackstone and Vista Equity Partners consortium that acquired US software provider Smartsheet Inc. in an $8.4 billion deal this week. The Abu Dhabi investor was named in a separate SEC filing dated 24 September 2024, which listed ADIA as one of the buyout ...