Middle East and North Africa

Middle East and North Africa

Alizz Islamic Bank Completes Merger Process with Al Yusr Islamic Banking

Alizz Islamic Bank has completed all processes related to the integration of Al Yusr Islamic Banking. This includes the integration and transferring of customers,...

Saudi Fintech Surges Even as Coronavirus Bites Private Sector

Saudi Arabia is seeing a faster adoption of technology at a time when the coronavirus pandemic has weighed heavy on the private sector, according...

COVID-19: Islamic Asset Classes Remain Resilient but are Not Immune

The COVID-19 pandemic has had a massive impact on economies around the world, but for the countries of the GCC, a collapse in oil...

Middle East Stocks: Major Gulf Bourses Off to Mixed Start

Major Gulf stock markets were mixed in early trade on Tuesday, with financial shares weighing on the Saudi index. Saudi Arabia's benchmark index .TASI dropped...

Etisalat Digital Teams Up with Smartworld for ‘Shahada‘ Blockchain Platform

Etisalat Digital announced today its partnership with Smartworld to exclusively bring Shahada, a tamper-proof digital certificate platform, to all educational institutions in the region. This...

Saudi Arabia: Saudi German Signs R305 Islamic Debt Facility

Saudi German Hospitals has signed a R305m (US$81.3m) Shariah-compliant two-part debt facility with Al Rajhi Bank. R120m of the facility are revolving loans that are...