10/13/2020
Over half of consulting firms in MENA recruiting fresh talent
Fast forward six months and the regional consulting industry has proven remarkably resilient to the corona crisis.
Alternative Investments
10/13/2020
Saudi’s National Commercial Bank buys Samba in $14.8B deal
The bank’s largest shareholders will be Saudi Arabia’s Private Investment Fund, the Public Pension Agency and the General Organization for Social Insurance, all government entities.
10/13/2020
Fund transfers among the UAE banks amounted to Dhs6.307tr
In the meantime, total withdrawals from the CBUAE during the reference period valued around Dhs134.77 billion, Dhs134.756 billion of which are banknotes and the remainder in coins.
10/13/2020
A full-scale digital service offering financial relief and flexibility
Head of Mashreq’s NeoBiz tells us how his bank has been supporting SMEs during Covid-19
10/12/2020
Dubai’s private sector keeps up recovery momentum
Decline in employment slows with improved expectations
10/12/2020
Saudi gold ETFs attract $28.9mln in first 9 months of 2020: World Gold Council
ETFs in other markets also see huge demand amid growing uncertainty
10/12/2020
SHUAA launches Financing Opportunities Fund
This fund is the fourth fund to be announced by SHUAA in 2020
10/12/2020
New Bahrain-based $60mln MENA VC fund sees post-COVID tech wave
Plus Venture Capital (+VC) aims to close fundraising before the end of the year
10/12/2020
Turkey, Africa seek stronger post-pandemic partnership
With strong collaborations over the last decade, Turkey and African countries have used the last week’s business forum to weigh in on ways to overcome the impediments to the bilateral ties due to the pandemic
10/12/2020
State Street and SimCorp Announce Intended Business Partnership, with Front-to-Back Investment Outsourcing Solution for EMEA Insurers
Strategic Business Partnership Demonstrates State Street and SimCorp’s Commitment to Insurance Clients in EMEA, with a Complete Front-to-Back Outsourcing Solution through the State Street
10/12/2020
Dubai Financial Market announces launch partners for new equity futures platform
The new equity futures platform is slated to launch on October 18
10/12/2020
Emirates Development Bank launches supply chain finance platform to help UAE businesses
Online offering provides UAE businesses an easy access to working capital
10/11/2020
UAE – Markets await the results marathon to regain momentum
Shares, distributed by 1.093 billion in Dubai and 449.89 million in Abu Dhabi, through 23.15 thousand transactions.
10/11/2020
More GCC banking mergers, PE investment deals looming, says expert
Serious erosion in value of banking assets in pandemic-hit industries set to add to consolidation deals in region
10/09/2020
UAE's listed companies are keeping close tabs on their expenses
Air Arabia is leading the way in tightening expenses, but others are doing quite well
10/09/2020
SMEs, COVID-19 and impact investment for digitalization
The webinar, organized by UNIDO’s Investment and Technology Promotion Office in Bahrain, was part of the GMIS Digital Series which is building on the momentum of the Global Manufacturing and Industrialisation Summit Virtual Summit 2020
10/09/2020
GCC's e-commerce sector surging ahead thanks to Covid-19
Covid-19 and all the resultant market conditions have proved a catalyst for the GCC’s e-commerce market, which was already building up steam over the last years.
10/09/2020
Dubai's Shuaa looks to plug demand gap with new Sharia funds
Asset management and investment banking firm launches three Sharia compliant funds, with $75m already committed
10/09/2020
Turkey’s Central Bank raises lira swap rate
The bank may limit interbank transactions and reduce the amount of the overnight funding
10/08/2020
UAE's Tabreed shareholders approve $1bln bond or sukuk issuance
Cooling company shareholders agreed the move to fund acquisitions and for general corporate purposes