Farnek appoints Aburok to drive business growth strategy
Farnek has appointed Khaldun Aburok as director of business development. Aburok’s previous experience in business development includes a senior…
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Saudi Arabia looks to cut spending in bid to shrink deficit
Saudi Arabia plans to reduce spending next year by about 7.5 percent to SR990 billion ($263.9 billion) as it seeks…
Egypt loans national carrier EgyptAir $191m to finance external debt
Egypt has approved a financing request of EGP 3 billion (about $191 million) by national carrier EgyptAir to be used…
UAE companies required to keep beneficial ownership register
The United Arab Emirates has introduced new rules that require companies based in the UAE mainland and commercial free zones…
Saudi giga project developers insist: 'We're not rivals'
Developers behind Saudi Arabia's multi-billion dollar giga projects have insisted they are not rivals and are working together to transform…
UAE Central Bank: 6 to 12 months time deposits attract 22.8…
The demand for 6 to 12 months time deposits in the UAE grew by 13 percent, with an increase of…
Bahrain’s Central Bank authorizes U.K’s Fasset to test blockchain-based solutions
The Central Bank of Bahrain has authorized U.K-based Fintech firm, Fasset, to begin testing the tokenization of hard assets in…
Zain Saudi raises $1.6 billion Islamic loan
Mobile Telecommunications Company Saudi Arabia (Zain KSA) has raised a 6 billion riyals ($1.60 billion) loan to refinance existing debt…
Qatar participates in meeting on Financing 2030 Agenda for Sustainable Development
The State of Qatar participated in the virtual high-level meeting of heads of state and government on Financing the 2030…
Abu Dhabi's Khalifa Fund launches 'SME Rating' classification
The Khalifa Fund for Enterprise on Development has come up with a digital classification system that will provide SMEs with…
Egypt issues first green bonds in MENA
Egypt on Tuesday issued its first-ever green sovereign bonds, the first in the Middle East and North Africa, as part…
National Bank of Bahrain goes live with Finastra Fusion Kondor
National Bank of Bahrain is live with the latest version of Fusion Kondor, Finastra’s treasury management solution. The move…