Cyril Gourp appointed partner at Bain & Company Middle East
Global management consulting firm Bain & Company has promoted the Frenchman Cyril Gourp to its partnership in the Middle East.…
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Saudi Arabia generates $382.9m in investment banking fees
Saudi Arabia, along with the UAE, generated two-thirds of the investment banking fees in the Middle East and North Africa…
Saudi Arabia's PIF launches its own security consulting firm
Saudi Arabia’s Public Investment Fund has launched a security services firm titled the National Security Services Company – branded as…
Citco opens Abu Dhabi headquarters at ADGM following 400 per cent increase in MENA assets
The Citco group of companies (Citco) has opened new offices in Abu Dhabi Global Market (ADGM), the international finance centre…
Arabtec Hires Global Advisors for Sale of Dubai Engineering Subsidiary
Arabtec Holding, a top construction company in the region, is set to rope in corporate advisory firm deNovo for managing…
EBRD reports record 2020 investment in response to Covid-19
The European Bank for Reconstruction and Development responded to the coronavirus pandemic with record investment of €11 billion in 2020…
Saudi insurance firm’s board members, audit executives convicted, fined by market regulator
Some members of Weqaya Takaful and Reinsurance Co.’s board of directors, audit and executive committees were convicted and fined SR1.3…
Fixed income market outlook: GCC issuances to remain subdued in 2021
Kuwait-based Kamco Invest expects fixed income issuances in 2021 in the GCC to remain flat to marginally lower year-on-year (y-o-y)…
Saudi Arabia 2020 inflation rises to 3.4% after VAT tripled
Saudi Arabian inflation rose to 3.4% in 2020, lifted by the tripling of value-added tax last year as the kingdom…
Abu Dhabi Investment Office expands global network with eight new hubs
State-run Abu Dhabi Investment Office is expanding its presence around the world, including the United States, Israel, China, Germany, France…
Mortgage financing: Dubai Islamic Bank, EMAAR sign agreement
Dubai Islamic Bank & EMAAR Karachi Ltd signed an agreement to promote home financing for their current and upcoming projects.…
Finance: Dubai’s fast start fuels hope for 2021
It is the second week of January and Café Bateel, located in the heart of Dubai’s financial district, is quietly…