Banker knew Barclays ‘lied’ over Qatar fundraising
A senior banker believed that Barclays documents lied about sums it was paying to Qatar to secure billions in investment…
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UPDATE 1-Saudi lender NCB reports 18.8% rise in 2019 net profit
Saudi Arabia’s National Commercial Bank, saw a 13.2% rise in fourth-quarter net profit, according to Reuters calculations, helped by increased…
Saudi Arabia’s direct investment in Egypt records $69.3M in Q1 of 2019/20
Saudi Arabia’s direct investment in Egypt dropped 43.3 percent during the first quarter (Q1) of fiscal year 2019/2020, recording $69.3…
Central Bank of Iraq approves UGH’s acquisition of Bank of Baghdad
Bahrain’s United Gulf Holding as secured Central Bank of Iraq’s approval to acquire a stake in Bank of Baghdad. …
Former FIAU investigator Jonathan Ferris testifies in public inquiry
Former Financial Intelligence Analysis Unit investigator Jonathan Ferris told the inquiry board that the blog posts of murdered journalist Daphne…
DIFC firms urged to sign up for new law replacing end of service gratuity or risk hefty fines
Leading legal outfit DWF has warned business owners in Dubai International Financial Centre to get on board with the new…
What will 2020 bring for Dubai's property market?
While Expo 2020 continues to generate buzz around Dubai and the wider UAE, tens of thousands of new construction projects…
Saudi-based startups draw record number of deals in 2019
Saudi Arabia’s startups attracted $67 million worth of investments in 2019, an increase of 35 percent from the previous year,…
Egypt- World Bank Group, Partners launch new initiative to expand A2F for MSMEs, drive growth, jobs in MENA
The World Bank Group, in partnership with the Netherlands, the United Kingdom, Sweden, and Switzerland is launching a new expanded…
Central Bank of Iraq approves UGH’s acquisition of Bank of Baghdad
Bahrain’s United Gulf Holding has secured Central Bank of Iraq’s approval to acquire a stake in Bank of Baghdad. …
Egypt: African Development Bank approves $22 million to expand leasing financing to corporates and SMEs
The Board of the African Development Bank on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing…
UAE-Luxembourg looks to increase trade in key industries
The UAE and Luxembourg are looking to increase cooperation in key areas such as industrial, ICT, healthcare technologies, finance, Islamic…