Saudi wealth fund takes $15.6bn hit from SoftBank and tech
Saudi Arabia’s sovereign wealth fund reported a $15.6bn comprehensive loss for 2022 after the value of its investments in SoftBank…
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Ajman Bank’s Dhs550m rights issue receives strong response
Ajman Bank’s Dhs550m rights issue has been received very well, attracting many international investment banks and local investors. The rights…
GREEN FUTURE: Bahrain has achieved considerable success in adapting to global volatile trends
BAHRAIN has achieved considerable success in adapting to global volatile trends, investing in renewable energies, fast-tracking digital transformation and reinforcing…
UAE: New national system for carbon credits using blockchain
Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment, witnessed the signing of a Memorandum of Understanding between the…
Garanti BBVA fintech subsidiary launches digital asset business
Garanti BBVA Financial Technologies, the fintech subsidiary of Turkey's Garanti BBVA Bank, has launched its first venture with a leap…
Investment in Qatar’s realty market a great strategic move
Investing in the real estate sector of the country is a “great strategic move” explained an industry expert highlighting the…
UAE: Ministry of Finance announces strategic plan for 2023-2026
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has…
Ajman Bank AED 550mln rights issue oversubscribed 7.4 times
Ajman Bank’s AED 550 million Rights Issue saw an overwhelming response indicating oversubscription of 7.4 times, with a total demand…
aiBANK presents aiPremier Elite for high-net-worth individual clients
aiBANK, a leading provider of integrated retail, corporate, and Islamic banking solutions in Egypt, has announced that it has launched…
Data Direct Group urges UAE private sector to hire more local talent
Dubai-based leading BPO organisation Data Direct Group has urged the UAE’s private sector to follow the recent guidelines established by…
Top investment and personal apartment areas in Dubai and Abu Dhabi
Dubai Marina, Downtown Dubai, Business Bay, Jumeirah Village Circle, Palm Jumeirah, Dubai Hills Estate, Arabian Ranches, Damac Hills and Al…
Regulator issues new banking licenses
The Banking Regulation and Supervision Agency (BDDK) has granted licenses to Enpara and Colendi Bank to establish banks. Enpara,…