Dubai's Tecom Group-owned incubator in5 raises $17.7mln in H1 2020
Dubai's TECOM Group owned in5, an enabling platform for startups and entrepreneurs, has raised more than AED65 million ($17.7 million)…
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UAE Central Bank to launch new overnight deposit facility
The UAE Central Bank said on Monday it would introduce a new overnight deposit facility as of July 12 to…
Saudi Arabia’s 6-point plan to jumpstart global economy
Saudi Arabia, in its capacity as president of the G20 group of nations, has unveiled a six-point business plan to…
UAE financial regulators to merge
The United Arab Emirates government has confirmed that the Insurance Authority (IA) and the Securities and Commodities Authority (SCA) will…
Islamic Development Bank Group to respond to COVID-19 with USD 2.3 Billion package and to launch three supportive and robust initiatives in partnership with UAE Ministry of Economy and AIM
A crowd of over 1000+ engaged participants comprising of exceptional entities, seasonal practitioners, Government officials, individual investors, business associations, entrepreneurs,…
Turkey Stocks Up Amid Ban on Short-Selling by Foreign Banks
Turkey imposed a ban on six foreign banks from betting against the nation’s stocks in a move that appeared to…
COVID-19: Dubai resident used a microwave to disinfect his cash
Police have warned residents not use innovative ways to disinfect their cash and to stick to disinfectant sprays and antiseptic…
Emirates Islamic named ‘Islamic Bank of the Year – UAE 2020’ by The Banker
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that it has been awarded the…
New body speeds up processing of Saudi judicial liquidation
Local and international licensed companies in chartered accounting, legal services, judicial custody, treasury and other areas are to benefit from…
Citigroup continues investments in EMEA region’s treasury, trade solutions
The Middle East might come out of the recession caused by the novel coronavirus (COVID-19) pandemic later than some other…
$800bn plan to turn Riyadh into cultural hub for the Middle East
Saudi Arabia is launching a SR3 trillion ($800 billion) plan to double the size of Riyadh in the next decade…
ADNOC hires Morgan Stanley veteran as CIO
Abu Dhabi National Oil Co., the state-owned energy giant that’s using its assets to attract foreign investors, appointed former Morgan…