New reforms boost confidence among investors in Dubai once again
Dubai has always amazed the international business community in its unparalleled ability to reinvent itself and adapt to any challenges.…
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Saudi banks remain resilient amid pandemic, backed by new regulations
KPMG Q3, 2020 Saudi banking sector analysis report records the sector experiencing a range of regulatory changes, including the value-added…
JLL advises Kamco Invest and Greenridge Investment Management on refinancing of two B&Q retail warehouse units in UK
JLL has advised Kamco Investment Company and Greenridge Investment Management on the £31 million refinancing of two long let B&Q…
Saudi Arabia to supply more housing units to support needy families in 2021, says finance ministry
The Kingdom’s housing targets for 2021 include continuing to pump more units from off-plan sales to the beneficiaries of Sakani…
Lebanese banking staff 'held captive by fear' as jobs hang in the balance
Concerns are rising among banking employees in Lebanon that their jobs may disappear as the country's ongoing economic crisis continues…
Trade Insurance to Cover Japanese Bank Loans to Saudi Arabia
The Japanese government will give trade insurance coverage to loans extended by Japanese banks to Saudi Arabia's government, officials confirmed…
Saudi Arabia to get sovereign wealth fund dividend, has no tax hike plan, says finance minister
Saudi Arabia expects to receive up to 25 billion riyals ($6.7 billion) in dividends this year from its sovereign wealth…
Saudi Budget 2021 Commentary: Fintech will play a key role in Saudi diversification in 2021
Startups have become a critical component of Saudi Arabia’s transformation, Padmini Gupta, co-founder and CEO of Rise, a fintech start-up…
Business community welcomes 2021 spending plans
Headed by King Salman, Saudi Arabia’s Council of Ministers on Tuesday approved the Kingdom’s general budget for 2021. It includes…
Economic outlook improves; UAE, Bahrain to get a boost from COVID-19 vaccine rollout
Middle East economies are slowly recovering from the COVID-19 crisis, but it will take about two years before it can…
Saudi banks stay resilient amid pandemic
Saudi Arabian banks’ mortgage finance continuing to record significant growth for the first time, says the KPMG Q3 2020 Saudi…
Covid sparks savings drop for over 50% of UAE residents
The coronavirus pandemic has caused a lot of issues globally including how people save their money. Wealth management giant…