Dubai attracted Dh12b in foreign direct investments in first-half 2020
Dubai attracted foreign direct investments of Dh12 billion in the first six months of 2020, split across 190 projects. …
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Gold rises above $2,000 mark on stimulus bets, weaker dollar
By Gold rises above $2,000 mark on stimulus bets, weaker dollar, Reuters News Gold scaled an all-time peak on…
Total collapse: Lebanon’s currency crisis explained
Lebanon’s current economic catastrophe is epitomised by one factor more than any other: The free fall of its currency. Since…
Ed appoints Assad Ulhaq as senior broker for EMEA
Ed, the global reinsurance, wholesale and specialty broker, has appointed Assad Ulhaq as senior broker and producer, with immediate effect. …
JPMorgan revamps shareholder activism defense practice -sources
JPMorgan Chase & Co is revamping its shareholder activism defense practice by promoting David Freedman to oversee the business globally…
JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021
The financial fallout from the coronavirus pandemic will keep fueling debt issuance from the Middle East into 2021, while also…
Bahrain's GFH Financial subsidiary finalizes $159mln sukuk issuance
GFH Financial Group, a Bahrain-based investment bank, announced that its subsidiary Khaleeji Commercial Bank has finalized the issuance of sukuk…
RAK Bank to close 25% of its branches next month
The National Bank of Ras Al Khaimah (RAK Bank) will shut down nine branches from next month as demand for…
Bucheeri: A quantum leap in Bahrain digital banking services
The Bahraini Technology and Business Society (TBS) in partnership with the NGN International, an IT system integrator and consultant headquartered…
Al Jaramani joins Mashreq in key position
Mashreq, one of the leading financial institutions in the UAE, has appointed Feras Al Jaramani as Executive Vice President, Head…
UAE, Saudi Arabia, Egypt draw $11.2 billion of FDI inflows
The UAE, Saudi Arabia and Egypt drew up to 65.4 per cent of the total FDI inflows to the Arab…
Khaleeji Commercial Bank issues $159mln sukuk
Khaleeji Commercial Bank has successfully issued Sukuk worth $159 million, subject to approvals from regulatory authorities and the extraordinary general…