Uber drives job growth in the Middle East
How often do you Uber? The ride-hailing app has become a household brand and has joined the ranks of Google…
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IPOs muted as volatility weighs on investors
The GCC’s IPO performance in the second quarter remained low as oil prices and global economic volatility, regional political unrest…
U.A.E. Opens VPNs to Banks
Companies and banks based in the United Arab Emirates can use virtual private networks to access internal systems as long…
Turkey Unveils Draft Details of Planned Sovereign Wealth Fund
Turkey’s government took the first steps toward creating a sovereign wealth fund that officials say can be used to stabilize…
Commercial Bank to launch new Finger Vein authentication ATM technology
Commercial Bank, Qatar's first private bank, has announced that it has obtained QCB's approval to introduce new finger vein pattern…
CIBAFI Continues to Propel Islamic Financial Industry with its Professional Development Initiatives
The General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions continues to propel Islamic…
Silver Linings Playbook: Gulfside
So much for the traditional summer lull. The news flow over the past few weeks has been relentless and dramatic,…
Saudi Arabia Seen Stepping Up Fight Against Bank Cash Squeeze
Saudi Arabia may be embarking on a new phase in its efforts to stave off the worst of a cash…
Abu Dhabi's Aldar Properties Q2 net profit up 9.7 pct
Aldar Properties, the state-linked builder of Abu Dhabi's Formula One circuit, reported a 9.7 percent rise in second-quarter net profit…
Mumtalakat acquires an equity stake in Italy’s KOS Group
Bahrain’s sovereign wealth fund Mumtalakat Holding Company has bought an equity stake in KOS Group, the European healthcare group focused…
Bahrain's Mumtalakat buys stake in Italian healthcare firm
Bahrain Mumtalakat Holding Company, the investment arm of the Gulf kingdom, has announced the acquisition of an equity stake in…
Morgan Stanley Saudi Arabia CEO leaves, chairman to step down
Morgan Stanley’s chief executive in Saudi Arabia, Gabriel Aractingi, is leaving the bank after three years in the role, while…