Emirates NBD raises $1.76 bln in an oversubscribed rights issue
Emirates NBD Bank ENBD.DU raised 6.45 billion dirhams ($1.76 billion) by issuing new shares after the capital call was oversubscribed…
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Saudi Arabia has potential to be hub for green finance for emerging markets – KPMG
Saudi Arabia can become the centre for green finance for emerging markets, which will bring huge economic and commercial benefits…
Private equity poised as UAE relaxes restrictions
The United Arab Emirates has seen enormous change. Oil wealth has transformed the desert into a landscape of resorts, skyscrapers…
Crypto-currencies pose no threat to Oman’s financial sector: CBO
Crypto-currencies, which reportedly have generated fabulous returns and losses as well for investors elsewhere around the world, do not currently…
MOF Announces Strategic Partnership With Finovate Middle East
The Ministry of Finance announced its strategic partnership with the second edition of Finovate Middle East, a pioneering event in…
Could Artificial Intelligence be the answer to economic diversification in the GCC?
Witnessing a global shift towards Artificial Intelligence (AI) in recent years, the Gulf Cooperation Council (GCC) states have introduced advanced…
GCC states missing from annual Deloitte and KPMG tech lists
Despite concerted efforts toward establishing the region as a technological innovator, and in particular a global fintech hub, the Gulf…
Dubai and FAB partner up on new financing scheme to boost SME sector
Dubai SME's Mohammed Bin Rashid Fund and First Abu Dhabi Bank formed a partnership to roll out a new receivable…
Egypt wealth fund eyes Gulf partners to drum up foreign investment
Egypt’s sovereign wealth fund is looking to more oil-rich Gulf countries to drum up foreign investment, as the Arab world’s…
UAE property insights: Removing upper age limit for mortgages could spur demand
The UAE central bank had issued a circular to banks to make two major changes in mortgages to increase customers'…
UAE- US$500 billion worth of family wealth will change hands in MENA, experts at Wealth Arabia Summit 2019, say
More than US$500 billion (Dh1.8 trillion) worth of family wealth will be passed on to the next generations in the…
Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees
Banks looking to cash in on the $1.7 trillion listing of Saudi Aramco will miss out on millions of dollars…