Just days to go for UAE businesses to comply with 'Economic Substance Regulations'
Now is the time for UAE corporates to comply with the ESR (Economic Substance Regulations) before the deadline of December…
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Arab Monetary Fund announces full live operations of Buna
The Arab Monetary Fund has announced today that Buna (the regional cross-border payment system owned by the AMF) is currently…
Over 80 New Fintech Initiatives Joined Dubai International Financial Centre in H1 2020, a 75% YoY Increase
Although Dubai’s economy is projected to contract by 6.2% this year, with the travel and hospitality industries hit really hard…
Italy's Gellify seeks Middle East start-ups with fund that could hit $50m
Italian-based B2B software start-up focused accelerator and investor, Gellify, has expanded into the Middle East with ambitious plans to recruit…
Digital Financial Services in Egypt are Still Not Widely Adopted but May Grow Steadily, Fintech Entrepreneur Reveals
Many more Egyptians are now using online or all-digital platforms and services, and the nation’s government is planning to support…
Saudi banks’ profitability pressures to spill over into 2021
Saudi banks witnessed an improvement in profitability in the third quarter of 2020 largely driven by higher lending and lower…
ADCB reveals business strategy in Egyptian market during coming period
Ihab El Sewerky, CEO and Managing Director of the Abu Dhabi Commercial Bank – Egypt (ADCB), has revealed the bank’s…
UAE-Israel greentech cooperation shows tremendous potential
The blossoming UAE-Israel relationship has tremendous potential to contribute not only to both countries and the wider Middle East, but…
Fitch affirms QIIB strong rating at ‘A’ with a stable outlook
Global credit rating agency Fitch has published QIIB’s full rating report, demonstrating the same the bank's strong rating at ‘A’…
Turkey takes step forward for economy, but more is needed — Analysts
The Turkish central bank raised interest rates for a second month in a row in a move to re-establish credibility.…
GFH acquires roebuck, a specialised logistics & real estate asset manager in the UK
GFH Financial Group has announced it has acquired a majority stake in Roebuck Asset Management, UK (Roebuck), a UK and…
Saudi Arabia: Misleading ads top Saudi FDA seizures
As part of its commitment to protect consumers online, the Saudi Food and Drug Authority has coordinated a screening of…