Bahrainthisweek’s Post

𝐒𝐚𝐮𝐝𝐢 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐋𝐨𝐚𝐧𝐬 𝐒𝐮𝐫𝐠𝐞 𝐭𝐨 $𝟐𝟏𝟖𝐛𝐧 𝐀𝐦𝐢𝐝 𝟏𝟐% 𝐀𝐧𝐧𝐮𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 Saudi banks’ real estate loans reached SR816.83 billion ($217.82 billion) in the second quarter of 2024, marking a 12% year-on-year increase, according to data from the Saudi Central Bank (SAMA). Read More: https://bityl.co/RwUh #saudirealestate #saudinews #saudi #realestate #realestatenews #realestateloans #news #NewsUpdate #BusinessNews #arabiannews

Islamic Banks in UAE See Significant Asset Growth, Surging by $23.41 Billion in 12 Months. According to the Central Bank of The UAE (CBUAE), Islamic banks in the UAE experienced substantial #growth, with their assets increasing by approximately #AED86Billion ($23.41 billion) over the past year, reaching AED717.7 billion ($195.39 billion) by the end of February 2024, marking a notable annual #rise of 13.61% from the previous year. #IslamicFinanceGrowth #UΑΕIslamicBanks #CentralBankoftheUAE #FinancialMarket #BankingIndustry #UAEEconomy #ArabTimes #ArabNews #ArabTimesNews

Investments by banks operating within the United Arab Emirates have continued their steady upward trajectory, reaching AED 666.2 billion by the end of April 2024, according to the latest indicators issued by the Central Bank of the United Arab Emirates (CBUAE). #UAEEconomy #BankInvestments #FinancialGrowth #CBUAE #EconomicDevelopment #DebtSecurities #EquityInvestments #HeldToMaturity #InvestmentPortfolio #UAEFinancialSector

𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚’𝐬 𝐑𝐞𝐬𝐞𝐫𝐯𝐞𝐬 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝟔% 𝐭𝐨 $𝟒𝟓𝟐.𝟖 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐉𝐮𝐥𝐲 Saudi Arabia’s official reserve assets reached SR1.7 trillion ($452.8 billion) in July, reflecting a 6.06 percent increase compared to the same period last year, according to recent data from the Saudi Central Bank (SAMA). Read More: https://bityl.co/RZyk #saudiarabia #reserves #SAMA28 #saudinews #SaudiArabianews #News #NewsUpdate #BusinessNews

The Saudi Central Bank – SAMA saw a significant boost in its reserve assets during the first half of 2024. By the end of June, the total reserve assets reached SAR1.754 trillion ($467.4 billion), marking an annual growth of 5.5% or approximately SAR92.049 billion compared to the same period in 2023. This represents the highest level of reserve assets for the year. Read more: https://lnkd.in/dvM_june #SaudiArabia #Banking #Finance #Assets #CentralBank

#Infographic | Remittances from Egyptians abroad surged 84.4% year on year (YoY) in the first quarter (Q1) of fiscal year (FY) 2024/25, reaching $8.3 billion, compared to $4.5 billion in the first three months of FY 2023/24, according to the Central Bank of Egypt (CBE). #ArabFinance #Egypt #Economy #News #Remittance

👉So here's in interesting article from Financial Times 👈 Since Apr 2024 #hamasisis armed gangs are raiding banks in Northern Gaza - https://lnkd.in/eMEtcZX4 Which kind of made me think 🤔🤔 how come there are banks in an open-prison? I'm talking about 16 banks 6 of which are international banks and 4 of which are commercial banks, here's the list: Bank of Palestine Arab Islamic Bank Palestine Islamic Bank Palestine Investment Bank Al Quds Bank The National Bank (TNB) Safa Bank Arab Bank Cairo Amman Bank Bank of Jordan Housing Bank Egyptian Arab Land Bank Jordan Ahli Bank Commercial Bank of Jordan Jordan Kuwait Bank The National Christian Bank and as of 2023 the total deposits in banks in Gaza were estimated to be around $2.8 billion USD ($21 bn combined with west bank) https://lnkd.in/e8Ng_3xA Quite impressive figures for an open prison, don't you think 🤨🤨?

𝐍𝐞𝐭 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐬𝐞𝐫𝐯𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐒𝐞𝐜𝐭𝐨𝐫 𝐢𝐧 𝐔𝐀𝐄 𝐫𝐢𝐬𝐞𝐬 𝐛𝐲 𝟏𝟏% The banking sector’s net international reserves in United Arab Emirates recordings made an impressive growth of 11.1% in the first seven months of 2024. As per figures from the Central Bank of UAE, reserve stood at 1.273 Trillion Dirhams ($346Billion approximately) by July 2024 reflecting an increase of 127.5 Billion Dirhams from deposits registered at 1.145 trillion Dirhams as at December 2023. #UAEFinance #BankingSector #CentralBankUAE #NetReserves #FinancialGrowth #GoldReserves #UAEEconomy #BankingTrends #InternationalReserves #EconomicDevelopment #FinancialSystem #CashFlow #BankingInnovation

EGP fell by 1.9% against the dollar since March 2024 The value of the Egyptian pound (EGP) decreased by almost 1.9% compared to the US dollar, settling at EGP 48.54 on the first working day after the Eid al-Fitr holiday Earlier in March, the Central Bank of Egypt (CBE) decided to raise the interest rate by 6% During that period, the dollar's price against the EGP in the unofficial market reached between EGP 60 to 70 EGP Following the CBE's decision, the exchange rate of the dollar in Egyptian banks stabilized between EGP 46 to EGP 47 #Egypt #Business | #مصر

The Central Bank of Nigeria (CBN) has injected $876 million into the forex market to fulfil customer bids at Wednesday's auction. This move underscored the CBN’s commitment to enhancing liquidity and market transparency. New mechanisms, like the Retail Dutch Auction System (RDAS), aimed to improve market transparency and price discovery. Recent data showed a 55% increase in net forex flows and robust market performance, with $25.4 billion in flows and record diaspora remittances.#ForexMarket #CBN #Liquidity #Transparency #Naira