National Debt Management Center Completes Borrowing Plan
The National Debt Management Center (NDMC) announced the successful completion of its funding plan for 2020, with the total amount distributed coming to SR220...
Insurance Sector, Islamic Finance Offer Potential in Turkey
The insurance sector and Islamic finance products have great potential in Turkey, and both should be encouraged, the CEO of the Turkey Wealth Fund...
Arabian Aramco Total Partially Redeems Sukuk
Arabian Aramco Total Services Company (AATSC), a subsidiary of Saudi Aramco Total Refining and Petrochemical Company (SATORP), on Monday announced the partial redemption of...
GCC Banks at a Crossroads
The Oriental Bank opened its first branch in Bahrain over 100 years ago, marking the beginning of the entire GCC’s banking and finance industry....
Saudi’s CMA Approves Aljazira Takaful’s Capital Hike to Merge with Solidarity
The Saudi Capital Market Authority (CMA) approved on Wednesday Aljazira Takaful Taawuni Co.’s request to increase its capital from SAR 350 million to SAR...
MEA Banking Stories to Watch in 2021: Green Financing, Lebanon, Kenya
Landmark issuances of green instruments suggest a growing trend in the Middle East and North Africa; Lebanon's beleaguered banks prepare for another challenging year;...