07/06/2022
Strategic Gears welcomes two partners to Riyadh leadership team
He previously held senior positions at EY and Andersen and was recently the advisor to the Managing Director and CEO of Saudi Binladin Group.
Alternative Investments
07/05/2022
Shuaa Capital to merge real estate operations with UK-based Northacre
Shuaa said it is consolidating its real estate investment management, real estate asset management and real estate development businesses into a separate new London-based entity
07/05/2022
Generali unit buys big stake in Bahrain group Gulf Assist
Founded in 1963, Europ Assistance, the inventor of assistance, supports customers in over 200 countries and territories thanks to our network of 750.000 approved providers and 43 assistance centres.
07/04/2022
Boursa Kuwait’s successful growth strategy hailed at HSBC Exchange summit
The growth in the rest of the GCC was also credited as a strong regional economic catalyst for the region and beyond
07/04/2022
Kamco Invest successfully advises QPIC in purchasing 9% of ATC’s capital
The first Partial Purchase Offer in Kuwait
07/01/2022
Abu Dhabi to invest $2.7 billion to boost its manufacturing sector
The strategy will focus on six programmes, which will create 13,600 skilled jobs and boost the emirate’s non-oil exports by 143 percent
07/01/2022
Gulf Islamic Investments acquires majority stake in OFFA UK’s first Shariah-compliant bridge financing company
The investment will further expand OFFA’s real estate financing proposition through the development of short-term and longer-term real estate financing products
07/01/2022
Saudi Banking Sector Stimulates FinTech, Entrepreneurship
SAMA Governor Fahad al-Mubarak inaugurated the new center, which complies with international standards and includes advanced devices and technologies that will contribute to achieving the aspirations of the financial sector.
07/01/2022
Most Gulf indexes fall on fears of sharp economic slowdown
The Saudi index has lost almost 12% this quarter, its worst performance since the start of the pandemic.
06/30/2022
UAE insurance company goes live with Innoveo no-code platform
“Innoveo has enabled us to build an experience that empowers our partners throughout the customer journey in a way that’s personalized, streamlined and fast,”
06/30/2022
National Bank of Egypt opens first branch in South Sudan
The South Sudanese Vice President welcomed the holding of the second round of the committee in the capital, Juba, during the current year
06/30/2022
The Central Bank of Bahrain launches a survey campaign
To solicit clients' opinion on the initiative of assigning mutually resolved minor accidents to insurance companies
06/29/2022
KPMG: Banks in pursuit of purpose-led and customer-centric strategies
As they gravitate towards sustainable growth
06/28/2022
Qatar pledges $100mln to establish platform to recover distressed assets
Atlas Merchant Capital, the private equity firm co-founded by former Barclays Plc chief Bob Diamond, will advise the new platform on strategy and the new vehicle will seek to coordinate with an investment firm focused on distressed assets, the QFC stateme
06/28/2022
Bahrain banks' loans and credit facilities jump to $30bln
The Business Sector accounted for 46.2% and the Personal Sector 49.5% of the total loans and credit facilities, said the CBB’s financial performance report as of end of May 2022
06/27/2022
“Tamkeen” continues to meet the supported enterprises to understand their future plans
And encourage their growth and expansion through the optimal utilization of resources
06/24/2022
Egypt finance minister says it’s time to rethink carry-trade reliance
Egypt saw FDI drop 12% in 2021, but remained one of the continent’s main recipients, according to a report this month from the United Nations Conference on Trade and Development.
06/23/2022
Bank ABC invites autonomous financial advisory solution providers to participate in its innovation challenge closing on June 26
Hosted as part of Bahrain Open Banking Supernova 2022, the challenge reflects the bank of the future’s commitment to develop effortless digital-first corporate and consumer banking experiences
06/23/2022
DGDA signs MoU with Al Rajhi Bank to help fund home buyers
The MoU was signed by Jerry Inzerillo, Group CEO of Diriyah Gate Development Authority, and Waleed Al-Mogbel, Chief Executive Officer of Al Rajhi Bank
06/22/2022
Major insurance accord signed in Bahrain
The insurance products will be designed specifically to protect startups and small to medium enterprises