Bahrain Become's Next Country to Trial Digital Currency
The central bank of Bahrain is the first to pilot a new toolkit developed by the world economic forum. …
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Turkish Treasury to issue gold-backed bonds and sukuk to corporate investors
Turkey will issue gold-backed bonds and sukuk for corporate investors, especially for retirement and investment funds, with a settlement date…
Gulf Bank’s 2019 sustainability efforts progress in line with global efforts by the United Nations
Gulf Bank is committed to maintaining a robust sustainability program and plays a vital role in contributing to the markets…
Davos 2020 and climate change: How investment risks have shifted over a decade
This week the annual World Economic Forum (WEF) is taking place in Davos. Attendees include leaders from the worlds of…
Egypt's economic outlook improves in 2020-Reuters Poll
Egypt’s economy is likely to grow 5.8% in the current fiscal year ending on June 30, and 5.9% in 2020/21,…
Bahrain's Investcorp raises $130m for Indian affordable housing initiative
Bahrain-based alternative asset management firm Investcorp has announced it has raised $130 million in anchor commitments which will primarily provide…
Egyptian FRA approves CIB’s capital hike
Egypt’s Financial Regulatory Authority (FRA) has approved Commercial International Bank’s (CIB) capital increase, according to a bourse statement released on…
MoneyGram taps Suez Canal Bank for remittances in Egypt
MoneyGram International has collaborated with Suez Canal Bank to facilitate remittances directly into the bank accounts of recipients in Egypt.…
Australia's CIMIC expects to take $1.8bn hit on Middle East exit
Australian contracting group Cimic is exiting the Middle East, a move which it says, could result in an A$1.8 billion…
Bahraini investments in Egypt amount to $3.2bln
The value of Bahraini investments in 216 projects in Egypt has reached $3.2 billion, Egyptian trade and industry minister Neven…
Christie's cancels Dubai sale of Middle Eastern art
Christie’s has cancelled its annual Middle Eastern art sale in Dubai this year, citing a “new auction format” for 2021,…
RAKBANK launches full product suite of Corporate Payment Solutions in partnership with Mastercard
Corporate Payment Solutions to enable and drive controls, security, efficiency and savings for medium and large corporations RAKBANK, a leading…