Race for crypto hub supremacy: Bank-driven coordination or financial free zones?
In the Persian Gulf, both Bahrain and Abu Dhabi are competing to be known as the premier crypto hub in…
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Dubai-backed fintech reaches unicorn status
Swiss fintech Numbrs, which is backed by the Investment Corporation of Dubai has been valued at $1 billion, making it…
Islamic Development Bank hires banks to raise more than $1 bln in sukuk -sources
The Islamic Development Bank has hired banks to arrange a new issue of U.S. dollar-denominated sukuk, or Islamic bonds, expected…
Demica launches Saudi British Bank’s supply chain finance platform
London-based Demica has launched the supply chain finance platform of Saudi British Bank (SABB), enabling the bank to offer payables…
MSM-listed firms lead earnings GROWTH in GCC stock markets
Companies listed on the Muscat Securities Market posted the biggest growth in corporate earnings among the GCC markets in the…
Banks hurt Saudi; other major Gulf markets up
Saudi stocks slipped on Thursday, extending losses for the second straight session pressured by banking shares, as receding fund inflows…
UAE banks ahead of regional peers in digital transformation
Mufazzal Kajiji, Head of Retail Banking at Noor Bank in Dubai, says banks should partner with fintechs to improve client…
Senior partner for top global management consulting firm offers inspiring approach to economic development in the Middle East
Many challenges face the Middle East in terms of economic development, but one business executive is inspiring others in the…
Enterprise blockchain vendor R3 has partnered with a Dubai-
Enterprise blockchain vendor R3 has partnered with a Dubai-based startup in an attempt to target the growing market for Islamic…
Equitativa looking at deploying funds in real estate acquisitions for Emirates REIT
Equitativa (Dubai) Limited said that it is looking at investing up to AED 200 million in new real estate acquisitions…
UAB finances 100% of Emirati citizens housing with repayment period up to 25 years
The United Arab Bank (UAB) has recently signed a memorandum of understanding (MoU) with the Mohammed Bin Rashid Housing Establishment…
Qatar’s reserve grew 18.8% in July
Qatar’s reserves grew 18.82 per cent year-on-year in July, setting a new record. According to data released by the…