UAE banking sector’s liquid assets exceed Dhs800bn in Q2 2024
UAE banking sector’s liquid assets exceed Dhs800bn in Q2 (gulfbusiness.com)
What can we expect from financial services across MENA in 2023?
The Middle East is different – it’s one of the few regions where affordable growth capital is readily available. It’s also on a mission to transition to more sustainable industries, including financial services. So what can we expect from financial services in MENA in 2023? We’re not going to try to look into a crystal ball – real innovation is impossible to predict – but we can talk about some trends and about one certainty: there will be a lot of interest in fintech. read more – What can we expect from financial services across MENA in 2023? (gulfbusiness.com)
Oman agrees $2.2bln loan with large group of banks – sources | ZAWYA MENA Edition
Oman was working with a group of banks to raise a $1.1bln loan, which could have gone up to $2bln depending on market appetite, sources said Source: Oman agrees $2.2bln loan with large group of banks – sources | ZAWYA MENA Edition
Bank of England believes Brexit could cost 75,000 finance jobs – BBC News
The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain’s departure from the European Union.The BBC understands senior figures at the Bank are using the number as a “reasonable scenario”, particularly if there is no specific UK-EU financial services deal. Source: Bank of England believes Brexit could cost 75,000 finance jobs – BBC News
European banking sector continues painful path to recovery but bad loans still loom | City A.M.
Europe’s banks took further steps on the painful recovery path last year, but non-performing loans still loom over the sector, according to European Source: European banking sector continues painful path to recovery but bad loans still loom | City A.M.