The next steps for Saudi Arabia's sovereign Public Investment Fund
The Public Investment Fund (PIF) was established in 1971 as the sovereign wealth fund of the Kingdom of Saudi Arabia.…
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Bahrain Development Bank enhances financing activity to support SMEs
Bahrain Development Bank (BDB) significantly stepped up its financing activity to support SMEs during the year with total disbursements increasing…
NBK the first bank in Kuwait to provide registration for "Kuwait Mobile ID" app from different locations
We anticipate our customers’ expectations, and are keen on their convenience and making all their transactions quick and easy …
Swiss Re CEO Sees Global Risks Increasing: Future of Finance
The coronavirus crisis, Brexit, climate change and the end of the Donald Trump-era will disrupt markets and challenge investors and…
EBRD, EU and partners boost green finance in Egypt
EBRD, EU and GCF to boost private sector’s climate action in Egypt Green financing of €220 million to be made…
Middle East businesses must take succession planning to protect an estimated US$1 trillion worth of assets
An estimated $1 trillion worth of assets will be transferred to the next generation of family owned companies in the…
Qatar puts up 'for sale' sign with new property visas
Gas-rich Qatar has flung open its property market to foreigners, with a scheme giving those purchasing homes or stores the…
Qatar Airways launches unbundled 'basic business' fare
Qatar Airways is now offering an 'unbundled' business class fare without lounge access or advance seat selection, but at a…
Will the UAE introduce income tax for ‘high earners’?
The Middle East was taken by surprise when it was reported last week that Oman is considering an income tax…
UAE says has no plan for now to increase VAT
The United Arab Emirates has no plan to increase value-added tax (VAT) to more than the current 5%, the ministry…
Real estate trends: Dubai's home sales fall; decline in property prices slows down
The decline in Dubai’s residential values showed signs of decelerating in October, but sales of home units have somewhat slowed…
Mashreq posts $95.8mln net profit for 9 months
Mashreq has posted a sharp decline in net profit to AED352 million ($95.8 million) in the first nine months of…