Egypt to IPO 20 State Firms Including Banque du Caire, Alex Bank
Egypt's government plans to IPO stakes in at least 20 state-owned enterprises, including Banque du Caire and Alex Bank, targeting $3-4 billion post-Eid El Fitr. The move supports fiscal reforms amid deficit cuts and tax overhauls. (148 characters)
UAE Central Bank Eases Rules to Bolster Banks Amid Conflict
The Central Bank of the UAE has approved measures allowing banks to tap 30% of cash reserves and secure short-term loans to support businesses hit by the escalating Middle East conflict. Experts praise the proactive steps as key to maintaining financial resilience.
Abu Dhabi Unlocks $250 Billion Banking Shield Against Iran Fallout
The Central Bank of the UAE rolled out its most aggressive financial stability package since the onset of the Covid-19 pandemic on Tuesday, opening the
MENA Fintech Market Set to Double as Tokenized Wallets Surge
The financial technology market across the Middle East and North Africa is poised to nearly double in size over the next five years, growing from
S&P Warns of $307 Billion Deposit Flight from Gulf Banks
Gulf banks could face domestic deposit outflows of $307 billion if the Middle East conflict deepens further, S&P Global Ratings warned this week