Investcorp portfolio company ABAX acquires Automile
Positions ABAX as second largest company in the European telematics market Investcorp, has announced that its portfolio company ABAX has…
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Egypt steps up support for exporting companies
Egypt’s Minister of Finance Mohamed Maait said that the government has distributed EGP 28 billion ($1.78 billion) in export subsidies…
Provisioning grows faster than credit in Qatar banks in Oct: QCB
Qatar’s banking sector saw provisioning grow faster year-on-year than the total credit this October, indicating the conservative approach of the…
New Microsoft research: Is hybrid work here to stay?
Microsoft has released its Work Reworked study for 2020, which has found that almost all (97 percent) of business leaders…
Experts confident of Saudi construction sector returning to normal soon
The total value of construction contracts awarded in Saudi Arabia during the third quarter (Q3) of this year collapsed by…
APCO Worldwide reinforces MENA leadership team
APCO Worldwide have reinforced its leadership team in the MENA region with the appointment of two senior leaders to new…
Codebase and AMF publish Mena open banking report
Codebase Technologies along with the Arab Monetary Fund and the MENA Fintech Association have published a report on an “Open…
French digital payments company IDEMIA snaps up Saudi company
A digital payment enabling company, IDEMIA, has acquired Pcard, a card personalisation bureau in Saudi Arabia. The former will now…
Goldman Sachs banker who built Middle East business to retire
Goldman Sachs’ head of Middle East and North Africa (MENA), Wassim Younan, who built the U.S. bank’s business in the…
Crypto News Recap: Markets Flashing Green, UN Venture Further into Blockchain
You don't need to look at charts to know that November was a great month for the cryptocurrency markets! The…
Central Bank of Egypt to offer $1bln worth T-bills on Monday
The Central Bank of Egypt will launch a tender, on Monday, for $1bn worth Treasury bills (T-bills) with a maturity…
Central banks of UAE, Saudi Arabia to launch project for common digital currency
A project for a joint digital currency was inaugurated by the central banks of the UAE (CBUAE) and Saudi Arabia…