Porto Group signs joint, several guarantees with Banque Misr
Porto Group will provide a joint and several guarantees to Banque Misr to ensure Porto for Tourism Development, according to…
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Qatar ADR: scope to resolve construction claims
Construction companies in Qatar can look to avoid costly litigation or arbitration proceedings by seeking to resolve disputes over construction…
Bank of America targets $3,000/oz as gold shatters price record
Gold topped $2,000 an ounce for the first time as a combination of the tumbling dollar and a collapse in…
Startupbootcamp Continues to Support the Middle East and Africa Tech Ecosystem
Founded in 2010 in Copenhagen, Denmark, Startupbootcamp supports early-stage tech founders to rapidly scale their companies by providing direct access…
Bahrain's Investcorp records $165m loss for 2019-20 financial year
Bahrain’s Investcorp slipped into a $165 million loss for the 12 months ended June 30, against profits of $131 million…
Beirut is scarred forever, says top tech startups UAE investor
On August 4, my heart skipped a beat as I kept seeing explosion in Beirut making headlines and making me…
RAKBank reports Dh306m first half 2020 net profits
National Bank of Ras Al-Khaimah (RAKBank) on Wednesday reported a consolidated net profit of Dh306.6 million for the first half…
Dubai launches economic program for post-COVID recovery
Dubai has launched an economic program as part of its efforts to reshape the emirate’s economy and try to assure…
BNP Halts New Commodity Trade Finance Deals as It Reviews Unit
BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe,…
Fitch Named Best Islamic Finance Rating Agency for Fourth Year
Fitch Ratings has been recognised as the Best Rating Agency for Islamic Finance for the fourth consecutive year by The…
Afreximbank wins 2 EMEA Best Structured Finance awards
The African Export-Import Bank (Afreximbank) has been recognised by EMEA Finance’s 12th African Banking Awards for two transactions processed under…
Mideast Islamic banks, investors urged to expand operations to Philippine market
Islamic banks and investors from the Middle East have been urged to expand their operations into the Philippines which is…