Bank Dhofar's Kapoor on its 'pure private banking play'
Oman-based Bank Dhofar plans to differentiate its recently launched private bank by focusing on the ‘pure’ services associated with the…
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Financial Services Group GSB launches debt and equity capital markets division: GSB Capital
Financial services group GSB has launched GSB Capital, a new division focussing on debt and equity capital markets for its…
Saudi Arabia's net foreign direct investment rises 5.6% in first quarter
Net foreign direct investment inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion) in the first quarter…
DIFC breaks ground on new real estate development
Dubai International Financial Centre has commenced the development of DIFC Square. This ambitious venture, comprising three interconnected buildings, aims…
Turkey removed from FATF money laundering grey list
The international crime watchdog Financial Action Task Force (FATF) removed Turkey from its “grey list” of countries that require special…
Saudi Arabia ranks 3rd in remittance outflows globally in 2023: World Bank report
Saudi Arabia ranked third globally and second in the Arab world in terms of countries sending international remittances during the…
EBRD, EU and GCF boost green and inclusive financing for Egyptian MSMEs
EBRD and GCF to provide a Green Economy Financing Facility (GEFF II) loan of up to US$ 50 million to…
AXA IM Alts expands its global presence with the opening of its first office in the Middle East
Ammar Bukhamsin appointed to lead the local office and Co-head MENA Client Group alongside newly promoted François Boissin- AXA…
Prince Alwaleed re-appointed as Chairman of Kingdom Holding
The board of directors of Saudi Arabia’s Kingdom Holding Company (KHC) has re-appointed Prince Alwaleed bin Talal as Chairman until…
H1 2024 dealmakers: Top Middle East wealth funds invested $38.2bln in 58 deals
The first six months of 2024 saw 27 mega-deals, which are deals of more than $1 billion in value invested…
Qatari-French business delegation sign agreement
A high-level Qatari-French economic delegation visited the city of Toulouse, located in the Occitanie region, southwest of France, as part…
Swift appoints Arwa Naccho as managing partner for Dubai
UAE-focused audit and consulting firm Swift has appointed Arwa Naccho as managing partner of its freshly launched Dubai business. …