Saudi Arabia, Iraq to establish a $3bln joint fund -joint statement
Saudi Arabia and Iraq agreed to establish a joint fund, with an estimated capital of $3 billion dollars, as a…
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Consumer confidence highest since 2015, says Dubai Economy
The first quarter of 2021 saw consumer confidence in Dubai rising to its highest level since the second quarter of…
Al Salam Bank opens its flagship branch in Hidd
Al Salam Bank recently announced the opening of its new flagship branch in Hidd, Muharraq. The new branch will offer…
Egyptian startup Koinz bags $4.8 million in seed round
Koinz – an Egyptian origin food & beverage platform set up by former PwC man Abdullah AlKhaldi alongside tech experts…
UAE banks need to innovate customer service, back-end functions and governance to remain competitive
Grappling with pandemic-induced stress on businesses in the past year, as well as continuously evolving consumer behaviour, banks need to…
Tata Group sets sights on KSA expansion with new luxury hotel
Indian multinational conglomerate Tata is looking to expand its operations in Saudi Arabia, starting with a new luxury hotel. …
Al Etihad Credit Bureau includes Ras Al Khaimah Court-ordered financial obligations in its credit reports
Al Etihad Credit Bureau (AECB) Wednesday announced it has started including financial obligations ordered by Ras Al Khaimah Courts Department…
Foreign investors key to Arab market’s recovery
The important role of foreign investments in supporting the Arab region’s post-pandemic recovery was highlighted by keynote speakers during the…
Tax haven ranking shows countries setting global tax rules do most to help firms bend them
A club of rich countries determining global rules on corporate tax are responsible for over two-thirds of global corporate tax…
Dubai’s biggest bank to raise $1.75bn in Gulf’s first ‘sustainable loan’
Emirates NBD, Dubai’s biggest bank, plans to raise $1.75 billion in the Gulf region’s first sustainability-linked loan to refinance existing…
Robust legal, regulatory framework helps Islamic finance growth in Qatar: Al-Kuwari
HE the Minister of Commerce and Industry Ali bin Ahmed Al-Kuwari said the “remarkable growth” achieved by Islamic finance in…
GCC’s consulting market shrinks 12.4% in 2020
The GCC consulting market shrunk by 12.4 per cent in 2020, contracting for the first time in its history. …