587 complaints for financial and administrative irregularities dealt with: SAI
The consistent endeavour and efforts of the State Audit Institution has reaped rich benefits with a total of 587 complaints…
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Emaar shares push Dubai stocks to 2015 high as economic outlook lifts mood
Dubai’s main stock index soared to the highest level since August 2015, extending year-to-date gains and supported by a jump…
Moody’s affirms Sohar International ratings, downgrades HSBC Oman
Moody’s on Tuesday affirmed ratings of Sohar International positive, but downgraded the ratings of HSBC Oman. ‘Sohar International Bank…
UAE’s Emirates NBD introduces compliant carbon market trading
Emirates NBD has launched carbon future contracts trading, addressing the growing demand from corporations to manage their carbon emissions offsetting.…
Central Bank of Oman issues treasury bills worth $90.9m
The Central Bank of Oman has revealed that the total value of government treasury bills issued this week amounted to…
HSBC in hiring talks with Credit Suisse key bankers in Qatar
HSBC is in talks with Aladdin Hangari, one of Credit Suisse’s top private bankers in the Middle East, as it…
Sustainable urban regeneration in MENA will require $500bln investments
The Middle East and North Africa (MENA) will need to spend $500 billion in urban regeneration programmes that integrate environmental,…
Islamic Coin secures $200m funding from ABO Digital
Islamic Coin, the Shariah-compliant cryptocurrency has secured $200m from Alpha Blue Ocean’s ABO Digital. Total funding has reached $400m…
Egypt’s financial leasing sector hit by inflation and high-interest rates
Egypt’s inflation and high-interest rates have led to a decline in the expansion of investment companies. The cost of…
UAE approves national energy and hydrogen strategies
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired…
Alvarez & Marsal hires managing director co-lead EMEA consumer and retail practice
Leading global professional services firm Alvarez & Marsal has continued to expand its European Corporate Transformation Services (CTS) practice with…
GCC equity markets record positive performance led by Saudi Arabia and the UAE
After a steep decline in May, Gulf Cooperation Council countries saw an optimistic bounce back in equity market index performances…