Kuwait’s draft law on expat quotas to exempt domestic workers, those on government contracts
A draft law in Kuwait which seeks to impose an expat quota system in the country to help “rebalance its…
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Private sector companies in Abu Dhabi restricted to 60% on-site workforce capacity
A maximum of 60 per cent of the workforce in the private sector is allowed to work on-site, according to…
Sharjah developer Arada bucks UAE property downturn with 10% rise in H1 sales
UAE developer Arada has announced a 10% increase in sales during the first half of 2020, a set of results…
Alliance Global supports the MenaLabs in Dubai in the fight against COVID-19
Alliance Global has successfully installed and commissioned a PCR samples automation system at MenaLabs in Dubai. The system will greatly…
COVID-19 disruptions hit DP World's first-half 2020 container volumes
Disruptions caused by the COVID-19 pandemic resulted in DP World handling 5.3 per cent lower container volumes in the first…
Kuwait sovereign wealth fund fights court battle with fired executives
The Kuwait Investment Authority’s London arm has launched High Court proceedings against former executives over an alleged conspiracy to award…
Standard Chartered Bank appoints CEO for Banking Branch in Saudi Arabia
Standard Chartered Bank announced the appointment of Yazaid Al Salloom as Chief Executive Officer, Standard Chartered Bank Saudi Arabia, effective…
European Bank for Reconstruction and Development triples investments in Egypt
The European Bank for Reconstruction and Development (EBRD) invested a total of EUR 459 million (EGP 8.554 billion) in Egypt…
Mirabaud Asset Management successfully secures USD 200 million real estate acquisitions
Mirabaud’s Asset Management has structured the acquisition and retained management of two of the single tenant office buildings in the…
Emirates NBD completes customer migration to Smart Pass
Emirates NBD among first in the region to implement global best practice Emirates NBD has completed successful migration of its…
What’s next for venture capital in the Middle East?
A resource crunch and the expansion of new economic sectors in the wake of the COVID-19 pandemic could considerably impact…
SICO to offer sukuk-based Murabaha service
SICO, a leading regional asset manager, broker, market maker and investment bank, announced today that it has signed an agreement…