Turkey hikes main interest rate to 19% to counter inflation and weak lira
Turkey’s central bank on Thursday sharply hiked its main interest rate to 19 percent to counter rising inflation and the…
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Board of Commercial Bank of Dubai elects Al Qutami as chairman
The board of directors of Commercial Bank of Dubai has elected Humaid Mohammad Obaid Al Qutami as chairman, the bank…
Turkey to offer big tax breaks to firms, workers at Istanbul Finance Centre
Turkey’s government will provide tax incentives for banks and other financial companies to base themselves at the planned Istanbul Finance…
Abu Dhabi Global Market partners with OCO Global for US FDI
OCO global is set to help US-based businesses invest in Abu Dhabi Global Market – an international financial centre home…
Egypt's central bank keeps key interest rates on hold
Egypt’s central bank kept its key interest rates on hold on Thursday, the bank said in a statement. The…
Dubai's weekly property sales surge to highest level to $1.5bln
Dubai’s weekly property sales rose to their highest level this month, as more investors snapped up flats, villas and plots…
UAE economy to witness full recovery by 2022
The UAE will have a full recovery in 2022 while pivoting to positive growth this year after recording a deep…
Oman suspends flights from UK, reduces staff capacity at offices
Oman has decided to ban all direct flights from the UK, except cargo flights, officials have announced. The sultanate…
Saudi's MEPCO announces non-distribution of dividends for 2020
Saudi Arabia’s paperboard producer Middle East Paper Company (MEPCO) will not be distributing cash dividends to shareholders for the financial…
Aruba appoints Channel Manager for MESA
Aruba has announced the appointment of Ahmed ElSayed as Regional Channel Manager for Middle East and South Africa. In…
Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges
Dubai Islamic Bank the largest Islamic bank in the UAE, successfully concluded its Annual General Meeting held remotely at the…
Saudi Arabia spent $4.5 billion on industrial support last year
The Saudi Industrial Development Fund said it provided $4.5 billion in pandemic support last year, mostly to small businesses, as…