Govt obtains 34pc more foreign loans in FY21
Despite healthy remittances and higher exports, Pakistan borrowed about $14.3 billion to build foreign exchange reserves in recently concluded fiscal…
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Islamic Development Bank elects Saudi nominee as new Prez
The Islamic Development Bank (IsDB) said that Saudi Arabia's nominee Muhammed Sulaiman Al Jasser has been elected as its new…
How a new way to think about ESG can create value for banks
Governments around the world are rapidly evolving laws and regulations to stimulate the adoption of environmental, social and governance (ESG)…
FTI Consulting expands merger & acquisition team with Big Four trioc
FTI Consulting has strengthened its Corporate Finance and Restructuring team in the Middle East with a trio of senior hires…
Shifting GCC’s approach to attracting foreign direct investment
Government-backed effort to increase foreign direct investment across GCC economies remain limited in their effectiveness – further hindered by a…
Former Saudi minister to head IsDB
Saudi Arabia’s former economy and planning minister has been selected as the new head of the Islamic Development Bank for…
Kuwait said to mull tapping future generations fund to help balance budget
Kuwait’s finance ministry is working on a law to allow limited withdrawals from its Future Generations Reserve Fund, Al Anba…
UAE ranks fourth globally for highest monthly spend on rent
UAE residents ranked fourth globally for spending the highest percentage of their monthly expenditure on rent, according to a new…
Credit Suisse losing Middle East staff over 'toxic' work culture
BRUNO Daher, Credit Suisse Group's top executive in the Middle East, had an unusual message at a May sales meeting:…
Israeli firm’s spyware used to hack phones of journalists and business execs globally
Israeli company NSO Group's Pegasus spyware was used in attempted and successful hacks of 37 smartphones belonging to journalists, activists…
Sustainable investments account for more than a third of global assets
Sustainable investments total $35.3 trillion, or more than a third of all assets in five of the world's biggest markets,…
Dubai-based HKA principal Nicola Caley relocates back to UK
Dubai-based HKA principal Nicola Caley has relocated back to the UK, becoming part of the firm’s claims team in London. …