Saudi ‘makeover’ masks same old habits when it comes to jobs
Saudi Arabia’s private businesses may be shedding jobs, but there’s one place that’s hiring: The government. Payrolls are swelling…
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Brexit: Investments in the UK by UAE banks surges 23% to $16.6bn
Investments by Emirati banks in the United Kingdom surged by nearly a quarter in the first three months of this…
Tax Regulation In The GCC
Gulf co-operation council is the abbreviated form of GCC. It came into force in 1981. It is the union of…
Business expands in Q2 as investor confidence grows
The non-oil private sector growth continued to pick up momentum in the second quarter with investor confidence and business outlook…
Charles Russell Speechlys bolsters Middle East
Charles Russell Speechlys further strengthens its Middle East offering with the hire of corporate partner William Reichert. William will be…
Mashreq raises $52m in subscription for FMP
Mashreq Bank, a leading financial institution in the UAE, said that its 3.5-years Fixed Maturity Plan Series 2 managed by…
Investments of UAE banks in Saudi, Egypt hit $24.6bn
The value of investments of Emirati banks in Saudi Arabia and Egypt increased to Dh90.4 billion ($26.4 billion) at the…
FlexxPay to offer a cloud-based payroll solution to organizations across the GCC
Dubai-based social impact startup FlexxPay.com has raised funding from a group of individual and corporate investors to rollout its financial…
Emirates NBD Egypt PMI
Today sees the release of June data from the Emirates NBD Purchasing Managers’ Index™ (PMI™) for Egypt. The survey, sponsored…
Kuwait's Burgan Bank sells $500 mln in bonds to boost capital
Kuwait’s Burgan Bank is set to raise $500 million in capital-boosting bonds offering investors a 5.75% yield, a document by…
Trial starts for Franco-Israeli man accused in carbon credits scam
The trial of a French-Israeli dual national accused of involvement in a huge tax fraud involving carbon credits known as…
First banking M&A wave in GCC subsides but UAE still ripe for consolidation, says S&P
The recent wave of mergers and acquisitions in the GCC banking sector is losing momentum, however, the UAE – the…