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…
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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…
Human Development Report: UAE Ranks Number One In Arab World
The UAE advanced by four positions in the Human Development Index topping the list of countries in the Arab world…
Turkish central bank ready to keep tight policy until inflation falls
Turkey will continue to pursue a tight monetary policy in 2021 until inflation falls in a lasting way, newly appointed…
HSBC voted best cash management bank in Oman and the Middle East
HSBC Bank Oman has been voted the #1 cash management bank in the Sultanate of Oman by corporates for the…
5 new Arab SMEs raise funds and 3 Arab startups to watch
Arab startups are more and more successful at raising funds for their business innovations and last November leading into December…