Sovereign wealth funds help GCC weather COVID, oil shocks
The sovereign wealth funds (SWFs) of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings and…
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New fintech startup offers chance to jump on property ladder from $544
A new Dubai real estate fintech startup, which is being backed by a Saudi national, is aiming to offer investors…
At Banque Havilland, Abu Dhabi’s Crown Prince Was Known as ‘The Boss’
Financier David Rowland, who used Britain’s Prince Andrew as an unofficial door opener, has another close relationship with a member…
QIIB adds more services for online banking
QIIB has announced a new major addition to the Bank’s mobile application and Internet banking services for individuals and corporates…
Quara Holding Emerges as Saudi Arabia's Most Innovative Technology-Driven Investment Holding Company
Quara Holding has unveiled its new identity and business strategy. It represents a new phase in Saudi business and aims…
Sico to acquire majority stake in Muscat Capital
Bahrain-based Sico, a leading regional asset manager and investment bank has signed an agreement with Bank Muscat to acquire a…
5 steps to assess customer credit risk in the UAE
When Ahmed opened his design business in Dubai last year, he was delighted to land an ambitious client straight away.…
Saudi banks’ profitability improve on lower provisions and higher income
The profitability outlook for Saudi banks showed signs of improvement as increased operating income and reduced provisioning supported return ratios,…
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 &…
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…