Finance
By agreeing to buy HSBC Egypt’s retail banking division, Emirates NBD has announced a significant expansion step in Egypt.
In an effort to promote long-term economic growth, social welfare, and sustainable development, Saudi Arabia is expanding the role of waqf.
Through the successful issue of sukuk in July, Saudi Arabia raised $1.42 billion, boosting long-term economic development and bolstering the Kingdom’s efforts to diversify finance sources.
Saudi Arabia is now the largest owner of U.S. Treasury securities in the Middle East thanks to a rise in its holdings.
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