Arabian heights: What Saudi Arabia's upgrade means for investors
It was a symbolic moment for Saudi Arabia last week when women could finally get behind the wheel. Lifting…
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UAE is 5th largest investor in Uzbekistan
The United Arab Emirates (UAE) is the fifth largest country investing in Uzbekistan during the first quarter of 2018, according…
Hong Kong, Abu Dhabi financial regulators ink fintech pact
Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, and the Hong Kong Monetary Authority signed a co-operation…
Dubai FDI partners with VFS Global to ease foreign investors licensing
Dubai FDI, the investment development agency of Dubai Economy (DED), announced that it has signed a Memorandum of Understanding (MoU)…
UAE banks handle over 12m cheques in 5 months
The number of cheques that passed through the UAE’s cheque clearing system reached 12.060 million during the first five months…
UAE to act as 'beating heart' of financial innovation in Middle East
The UAE is ideally positioned to serve as the ‘beating heart’ of a regional innovation hub; according to a new…
Kuwait’s cabinet resists pressure to tax expats’ remittances
The Kuwaiti government has rejected parliamentary demands to impose fees on expatriates’ remittances arguing that the move would harm the…
Varde Partners appoints Head of EMEA Business Development and Investor Relations
Värde Partners, the global alternative investment firm, announced today the hire of Shannon Gallagher as Head of EMEA Business Development…
Banque Libano-Française, Iraq, completes Temenos T24 Core Banking upgrade
Temenos the banking software company, announces that Banque Libano-Française Iraq, has upgraded to release 17 (R17) of Temenos T24 Core…
Orange partners with Additiv to offer digital wealth management services for financial institutions
Orange Business Services and Additiv, an expert in digital solutions for the financial market, have teamed up to offer digital…
Bahrain central bank's net foreign assets fall in May
Net foreign assets at Bahrain's central bank, an indication of its ability to defend its currency against market pressure, fell…
Six firms in running to manage $1 billion Abraaj healthcare fund: sources
Colony Capital, TPG and Cerberus Capital Management are among at least six firms vying to run Abraaj’s $1 billion healthcare…