Mubasher TV
Contact Us Advertising   العربية

Banking & Insurance

Photo Gallery
19 June 03:08 PM National Bank of Egypt signs $1bn syndicated loan; regional, international entities partake -Update
Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …
Photo Gallery
13 June 08:47 AM US Fed maintains interest rates amid uncertain outlook
Mubasher: The US Federal Reserve (Fed) left interest rates unchanged, signalling it will not pull back until seeing sustained progress lowering inflation from multi-decade highs. The Federal Open Market Committee (FOMC) has maintained the target …
Photo Gallery
12 June 01:11 PM Emirates NBD, Citi roll out 24/7 USD Clearing service in Middle East
UAE- Mubasher: Emirates NBD has partnered with Citi to introduce a new USD cross-border clearing service in the Middle East. Emirates NBD will be the first bank to utilise Citi’s 24/7 USD Clearing service, offering round-the-clock cross-border …
Photo Gallery
6 June 02:37 PM Saudi Arabia, UAE, Egypt secure 92% of MENA’s VC funding in 2023 – Report
Mubasher: Saudi Arabia, the UAE, and Egypt accounted for 92% of total venture capital (VC) funding in the MENA region, according to a report by MAGNiTT. Saudi startups raised $400 million in VC funding in 2023, up 602% year-on-year (YoY), the …
Photo Archive
4 June 01:56 PM TAQA completes financing of Juranah ISWR-1 project co-led by 4 lenders
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …
Photo Gallery
28 May 01:43 PM Middle East named world's fastest-growing real-time payment market for 2nd year – Report
Mubasher: The Middle East ranked as the fastest-growing real-time payment market for the second consecutive year in 2023, according to the 2024 Prime Time for Real-Time report by ACI Worldwide and GlobalData. The region's real-time payment market …
Photo Gallery
26 May 12:36 PM Egypt’s OneOrder raises $16m to expand into GCC region
Cairo – Mubasher: Egyptian logistics solution company OneOrder has raised $16 million in equity and debt in a Series A funding round. The funding is aimed at enabling the company to expand into the GCC region in autumn 2024, build up financing …
Photo Gallery
23 May 03:56 PM Goldman Sachs reportedly becomes 1st Wall Street bank with Saudi HQ licence
Riyadh – Mubasher: Goldman Sachs Group Incorporation became the first Wall Street bank to establish a Middle Eastern headquarters (HQ) in Saudi Arabia, according to Bloomberg. Goldman obtained a licence from the Saudi Ministry of Investment (MISA) …
Photo Archive
8 May 02:11 PM Mastercard restructures leadership roles in MENA
Riyadh - Mubasher: Payments giant Mastercard announced restructuring its regional operations, appointing new division leaders as it aims to step up growth across the Middle East and North Africa (MENA). This initiative forms part of the company's …
Photo Gallery
9 April 04:04 PM Saudi Arabia leads Forbes list of “Most Valuable Banks”
Mubasher: Forbes Middle East has revealed its ‘30 Most Valuable Banks’ ranking, with Saudi Arabia leading the list via 10 entries at an aggregated market value of $279.50 billion. As of 23 February 2024, the 30 banks had a combined value of …
Photo Gallery
7 April 01:12 PM Gulf banks could benefit from macroeconomic shift in Turkiye – Fitch Ratings
Mubasher: Potential macroeconomic changes in Turkiye are set to benefit subsidiaries of GCC-based banks in the country. A disinflation in Turkiye is set to cut GCC banks’ net losses and the decelerated devaluation of the lira is expected to reduce …
Photo Gallery
3 April 12:40 PM FAB partners with Microsoft to boost financial services globally
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) and Microsoft teamed up to develop new AI-based banking capabilities and bolster financial services, according to a press release. The two entities will partner to launch an AI Innovation Hub that …
Photo Archive
1 April 12:33 PM Emirates NBD Capital leads Lenovo's debut facility in Middle East
Dubai – Mubasher: Emirates NBD Capital, the investment banking arm of Emirates NBD, has arranged a $500 million syndicated revolving credit facility (RCF) for Lenovo Group Limited. The facility marks Lenovo's first entry into the Middle East …
Photo Gallery
7 March 06:46 PM FAB forges extensive global partnership with Mastercard
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has entered an exclusive long-term global partnership with Mastercard. The landmark agreement encompasses four key markets – the UAE, Saudi Arabia, Oman, and Egypt – and aims to strengthen the …
Photo Gallery.
21 February 08:36 PM SCMF 2024 marks launch of Single Stock Options contracts on SNB
Riyadh – Mubasher: The third edition of the Saudi Capital Market Forum (SCMF) has witnessed the successful rollout of Single Stock Options (SSOs) contracts on the Saudi National Bank (SNB). The debut of SSOs on the SNB is expected to empower both …
Photo Gallery
31 January 09:50 AM Standard Chartered launches business in Egypt to boost MENA presence
 Cairo – Mubasher: Standard Chartered officially began operating in Egypt after receiving final approval from the Central Bank of Egypt (CBE) to anchor its footprint in the MENA region, according to a press release. In line with Egypt’s 2030 …
Photo Archive
21 December 2023 08:15 PM Egypt’s C.bank keeps interest rates unchanged in 2023 last meeting - Updated
Cairo – Mubasher: The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on 21 December 2023 to maintain the rates of overnight deposit and lending at 19.25% and 20.25%, respectively. The CBE also kept the main operation …
Photo Gallery
18 December 2023 01:49 PM Bloomberg, IdealRatings launch Sharia-aligned Sukuk indicator
Mubasher: Bloomberg and IdealRatings have jointly launched Islamic Sharia-compliant indicator for Sukuk on the Bloomberg Terminal to meet the increasing demand for Islamic fixed-income securities from global investors, according to a press …
Photo Gallery
11 December 2023 08:12 PM ADIB lists world’s 1st USD-denominated Green Sukuk
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) listed the first USD-denominated green Sukuk in the world on Abu Dhabi Securities Exchange (ADX) on 8 December 2023 and was more than 5 times oversubscribed, according to a press release. The …
Photo Archive
11 December 2023 02:07 PM Standard Chartered’s MENA Credit Outlook forecasts robust performance for Qatar in 2024
Mubasher: The latest MENA Credit Outlook 2024 by Standard Chartered anticipated a strong credit outlook for Qatar next year, according to a press release. The robust performance is driven by Qatar’s liquefied natural gas (LNG) expansion in …
Photo Gallery
7 December 2023 00:36 PM Travellers through Kuwait International Airport now offered multi-currency ATM by KIB
Mubasher: The listed Kuwait International Bank (KIB) has installed a new multi-currency ATM at the Kuwait International Airport to offer a smoother and more integrated experience for its customers without the need to visit any of the KIB’s …
Photo Archive
6 December 2023 03:53 PM UAE’s FAB commits AED 500bn as largest sustainable financing by MENA bank
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) announced plans to lend, invest, and facilitate more than AED 500 billion ($135 billion) in sustainable and transition financing by 2030. The target marks an 80% increase compared with FAB’s 2021 …
Photo Archive
5 December 2023 06:02 PM FAB joins forces with ENGIE at COP28 to enhance decarbonisation solutions
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has teamed up with French energy multinational ENGIE by signing a memorandum of understanding (MoU) agreement during the 28th UN Climate Change Conference of the Parties (COP28) to advance their …
Photo Archive
5 December 2023 05:04 PM DFM’s carbon credits pilot platform debuts at COP28 as trading commences; listed entities take part
Dubai – Mubasher: The carbon credits trading pilot programme by Dubai Financial Market (DFM) was launched on 5 December 2023, where institutional investors will be able to buy and sell until 11 December. Making its debut at the 28th UN Climate …
Photo Archive
30 November 2023 11:45 AM Ajman Bank, Mastercard partner to foster cross-border payment globally
Dubai – Mubasher: Ajman Bank has teamed up with Mastercard to launch cross-border payment services for person-to-person (P2P) fund transfers through the lender’s digital app. The listed bank will deploy its digital banking platform to offer …