New Bahrain-based $60mln MENA VC fund sees post-COVID tech wave
A new Bahrain-based $60 million venture capital fund aims to invest in 120 early-stage start-ups across Arabic-speaking MENA countries, banking…
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QNB nine-month net profit falls as it books more provisions
Qatar National Bank, the Gulf's largest lender, saw a roughly 18% fall in its third-quarter profit as it booked more…
SHUAA launches Financing Opportunities Fund
SHUAA Capital psc has announced that it has launched a USD 200 million ‘SHUAA Financing Opportunities Fund’ targeting special situations…
Saudi gold ETFs attract $28.9mln in first 9 months of 2020: World Gold Council
Gold-backed exchange-traded funds in Saudi Arabia experienced strong inflows this year, mirroring a trend seen in the broader global market.…
PwC to offer solution for DIFC data law compliance
PwC Middle East has launched an innovative online solution to help organisations comply with the recently announced Dubai International Financial…
Women and wealth: It’s time for a customised approach
The increasing impact of women on economic growth is impossible to overlook. From a regional perspective, their influence continues to…
Saudi Arabia's NCB and Samba agree to $15bn merger that will create kingdom's largest lender
Saudi Arabia’s National Commercial Bank, the kingdom's biggest lender, agreed to merge with Samba Financial Group, in a $15 billion…
UAE approves new law regulating wealth management sector
The UAE Cabinet approved a new law regulating the country’s growing wealth management sector, which aims to further support the…
The investment logic of the Israel-UAE entente
Sabah Al-Binali has a reputation in the Arab world as a straight-talking deal-doer, with a long record of high-profile transactions…
Dubai’s private sector keeps up recovery momentum
The Dubai non-oil private sector continued to keep up the recovery momentum in September with another modest improvement in business…
UAE and GCC economies to rebound in 2021: HSBC’s regional CEO
COVID-19 has inflicted unprecedented damage to the global economy. In an exclusive interview with Gulf News, Martin Tricaud, Chief…
HSBC’ economists forecast 2.4% GDP growth in Egypt in 2020: Regional CEO Tricaud
Despite the world health crisis, HSBC’s economists forecast that Egypt’s GDP growth will be 2.4% in 2020, while their expectations…