Catalyst Partners ready to raise more funds: CEO
Mubadala-backed fund Abu Dhabi Catalyst Partners is ready to raise more capital after investing close to $1 billion over the…
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Rivals see ‘fierce’ competition as UAE digital bank Zand prepares for launch
Dubai-based digital bank Zand will attempt to attract customers with competitive deposit rates and a digital-first product lineup when it…
Saudi Arabia Takes Banking Industry Leap by Approving Digital Banks
Keeping up with aspirations for developing the Saudi finance sector, the Saudi Cabinet gave the Kingdom's finance minister the green…
Wahed appoints new UK General Manager to spearhead growth
Wahed has announced the appointment of Umer Suleman as General Manager of UK operations. His responsibilities will include overseeing Wahed…
Banking system in Qatar proved ability to mitigate risks: QCB Governor at Qatar Economic Forum
Governor of the Qatar Central Bank HE Sheikh Abdullah bin Saoud Al-Thani, praised the banking and financial system in the…
Bank of Sharjah rewards shareholders with AED100m bonus share issue on back of strong underlying profitability
Approved bonus share issue is testament to Bank of Sharjah’s strong underlying profits for FY2020, of AED176m, and ongoing operational…
HSBC Saudi Arabia acts as a lead manager
HSBC Saudi Arabia acted as the Arranger and Dealer on the establishment of ACWA Power’s SAR 5 Billion Sukuk Program…
Saudi Tadawul Group releases 2020 annual report
Saudi Tadawul Group has released its 2020 Annual Report for the period ended 31 December 2020. The Saudi Stock…
PwC to double Middle East team over coming five years
Big Four firm PwC has announced ambitions to create 6,000 jobs in the Middle East, as part of multi-billion-dollar global…
Egyptian president approves July pension and wage increases
Egypt’s official gazette published President Abdel Fattah El-Sisi’s decision to increase pensions as of the beginning of July, Al Arabiya…
Kuwait’s $134bn pension fund has record gain in turnaround
Kuwait’s Public Institution for Social Security had its best ever annual performance, emerging as a new regional investment powerhouse despite…
Kuwait pension fund reports record annual performance
Kuwait’s Public Institution for Social Security (PIFSS) achieved its best annual performance ever with a 16.5 percent rate of return…