Qatar witnesses uptick in Merger & Acquisition activity in 2020
PwC Middle East’s third TransAct report entitled ‘A Renewed Search for Value as Confidence Begins to Recover’, which was launched…
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Dubai’s trade with Kuwait touches $2.32bln in first half of 2020
Trade between Dubai and Kuwait reached Dh8.52 billion in the first half of 2020, according to figures released by Dubai…
Banque BEMO launches a deposit protection program
With the unbearable pressure Lebanon is facing amidst the health, social and economic crises, Banque BEMO has consistently stayed besides…
Bahrain’s GFH acquires major Chicago distribution centre
GFH, the Bahrain-based financial group, says it has acquired a “state-of-the-art” distribution facility in the US city of Chicago, Illinois.…
Saudi Arabia announces launch of Soudah Development Company
Saudi crown prince and chairman of the Public Investment Fund, Mohammed bin Salman, announced on Wednesday the launch of the…
Bank ABC Islamic announces 2020 year-end net profit to US$28.6 million
Bank ABC Islamic has announced its financial results for the year ending 31 December 2020. 2020 was a year…
95% of UAE female leaders say more to be done about gender diversity at the top
Despite clear progress and strong support from the government, 95 percent of female business leaders surveyed in the UAE indicate…
81% of business leaders believe COVID has increased the need for improved security of finances
ESET has revealed that over two-thirds of business leaders (68%) expect their company’s investment in FinTech to increase in 2021/2022.…
Egypt’s Banque du Caire eyes slimmed-down IPO post-Covid
Banque du Caire was so nearly there. The Egyptian lender was on track to complete a $500 million initial…
UAE tops MENA rankings in World Bank’s ‘Women, Business and the Law’ 2021 report
The UAE has topped the Middle East and North Africa (MENA) region rankings in the World Bank’s newly released 2021…
Saudi bank profits face strain in 2021 despite economic recovery
Saudi banks could find it tough to maintain profitability in 2021 as the Saudi Central Bank lifts its support measures…
Banks to inject EGP 117bn into MSMEs until 2022 end: CBE
The Central Bank of Egypt (CBE) has directed for banks working in the local market to inject EGP 117bn into…