The Future of Work
In the new normal, people matter more than ever. Remote work was gaining ground even before the pandemic hit.…
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NatWest Markets and Santander sell shares in Saudi British Bank
NatWest Markets and Banco Santander have taken advice from Allen & Overy on the second disposal of their shares in…
Cabinet approves draft law on commercial companies
Prime Minister and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired yesterday the cabinet’s…
UAE-Israeli partnership agrees deal to buy Finablr
A business group linked to a former Israeli prime minister has finalised a deal to buy Finablr, the scandal-hit payments…
Dubai's Arabtec starts process for insolvent liquidation
Dubai builder Arabtec has started the liquidation process that will see the construction firm cease operations after several decades in…
Saudi sovereign fund PIF says total staff count crossed 1,000 in December
Public Investment Fund, Saudi Arabia's sovereign wealth fund, said on Thursday its total employee count surpassed 1,000 as of December,…
UAE's TruKKer gets $10mln funding from US-based Partners for Growth
UAE-based on-demand truck aggregator, TruKKer, has raised $10 million (AED 36.7 million) from San Francisco-based specialty lending firm, Partners for…
British Arab Commercial Bank appoints two independent non-executive directors to board
Trade specialist, British Arab Commercial Bank (BACB), has today announced that Mr Sundeep Bhandari and Mr Nigel Boothroyd have joined…
Natixis sees more deals coming from Gulf states monetising oil assets
Natixis expects oil-rich Gulf states to accelerate privatisations, including by extracting revenue from oil assets, with Saudi Arabia and possibly…
FAB opens Jakarta office to support MENA-Indonesia trade and investment
First Abu Dhabi Bank Wednesday announced the expansion of its global network into Asia with the opening of a representative…
UAE billionaire Hussain Sajwani, family still own over 85% of firm, DAMAC clarifies
Dubai’s real estate developer DAMAC Properties clarified on Wednesday that only a small portion of the company’s shares are owned…
How will Banks in the GCC perform in 2021?
Next year may prove more challenging for banks in the UAE, as their asset quality and profitability are forecast to…