UAE becomes largest FDI recipient in the Middle East
Foreign direct investment inflow into the UAE jumped over 34 per cent to $14 billion (Dh51.4 billion) in 2019 as…
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Egypt looking to raise over $1bln loan, taps UAE banks – sources
The Egyptian government is looking to raise a loan of more than $1 billion and has tapped lenders in the…
IMF gloom deepens over global outlook
The International Monetary Fund will likely forecast a worse contraction in the global economy than previously estimated for 2020 and…
Saudi fund launches $1bn pandemic stimulus plan to help industry
The Saudi Industrial Development Fund has launched a SR3.7 billion ($1 billion) stimulus plan to support industrial projects affected by…
KPMG: Saudi banks continue to be hyper-vigilant on credit underwriting, focus on asset protection
KPMG released the first edition of its Banking Pulse, a quarterly report in a series on recent developments in Saudi…
Women in the Middle East will soon hold $1 trillion in wealth
Women in countries across the Middle East are getting wealthier. At the current rate of growth, Boston Consulting Group (BCG)…
Oman Arab Bank finalises agreement to acquire Alizz Bank
Oman Arab Bank will acquire the entire issued share capital of the Muscat-based Alizz Bank in a deal that will…
Competitive Advantage: Exploring The Middle East's Potential To Become A Global Fintech Hub
As a result of the coronavirus pandemic, the fintech scene has boomed in the past few months, with the world…
UAE firms merge to create $1bn global expat advisory business
UAE-headquartered Arlo Wealth has merged with international advisory business Harrison Rowe. The combined company, AHR Private Wealth, will have…
First Abu Dhabi Bank sells 1.4 bln Chinese yuan in 5-yr Formosa bonds – document
First Abu Dhabi Bank sold 1.4 billion Chinese yuan ($197.3 million) in five-year Formosa bonds at 3.5%, a document showed…
First Abu Dhabi Bank sells 1.4 bln Chinese yuan in 5-yr Formosa bonds – document
First Abu Dhabi Bank sold 1.4 billion Chinese yuan ($197.3 million) in five-year Formosa bonds at 3.5%, a document showed…
Fintech and smart cities: the future?
Technology is developing at an incredible rate, and at every turn. Smart or digital technologies are no longer used…