Bahrain-based Investcorp sells Banque Paris Bertrand stake to Rothschild
Bahrain-based Investcorp said on Sunday it has agreed to sell its indirect stake in Banque Paris Bertrand to Rothschild &…
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Saudi Central bank increases weekly bill offering to $2.7bln
The Saudi Central Bank (SAMA) said on Sunday it will increase the size of a weekly bill issuance to 10…
IMF projects Qatar's real GDP growth at 2.7% in 2021
The Qatari authorities’ strong policy response has helped to mitigate the health and economic fallouts from the COVID-19 pandemic and…
SMEs in UAE receive more than AED 420 million trade credit support in first 11 months of 2020
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued AED420 million worth of trade credit support to…
Saudi Arabia 2021 budget expansionary; renews focus on healthcare, tourism: analysts
Saudi Arabia’s 2021 budget is estimated to be expansionary as government-controlled funds are expected to compensate for previous budget cuts…
Are sceptics wrong at panning Bitcoin that hit a record $24,000 high?
Bitcoin hit an all-time high at noon on Saturday, surpassing $24,000 briefly, in its dizzying rally that has seen it…
Construction begins on Kuwait’s Boubyan Bank HQ
Construction activities have started on Kuwait’s next “landmark development” - the Boubyan Bank headquarters, which was celebrated during a grounding…
Mambu opens new office in the United Arab Emirates (UAE)
Cloud banking platform, Mambu, announced the opening of its new office in the emirate of Abu Dhabi, as the United…
Turkey's Isbank prepares to issue $5 bln of debt to foreign investors
Turkey's Isbank said its board of directors decided to start the process for the issuance of debt securities in the…
Signs of cracks for Dubai’s property sector in 2020, before a 2021 reprieve
The tell-tell signs of stress are present in Dubai’s building and construction sector affecting property sales and inflating material prices,…
Abraham Accords tie Israel and UAE banks and wealth together
It has been a tough, but illuminating, year. Banks have been tested and, in the main, not found wanting. …
Finverity teams up with Abu Dhabi Global Market
● SMEs account for only 5% of total bank lending in the UAE ● SMEs key to the growth…