All Articles

Financial Results

National Development Fund supports Saudi economy with $8bn financing in Q1

June 5, 2023

Saudi Arabia’s industrial sector and small and medium enterprises were among the key beneficiaries of the Kingdom’s National Development Fund…

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Regulation, Risk & Compliance

QCB grants paywise license

June 5, 2023

The Qatar Central Bank (QCB) has granted Paywise (Dibsy) a license to provide digital payment services in a continuation of…

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Comment & Analysis

NBK Launches Eighth Cohort of ‘High-Fliers’

June 5, 2023

Reflecting its firm belief in investing in human capital and continuous development of its employees, National Bank of Kuwait (NBK)…

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Retail Banking

Egypt seeks luring private investments from New Development Bank

June 5, 2023

Egypt is looking forward to attracting private investments into major development project from the New Development Bank, Minister of Finance…

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Financial Results

Business confidence in largest Arab economies rises in May on robust economic momentum

June 5, 2023

Business confidence in Saudi Arabia and the UAE continued to outpace the long standing average in the Arab world's two…

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Executive Moves

Deloitte sees record partner appointment for Mideast region

June 5, 2023

Deloitte, the largest professional services network in the world, is boosting its leadership team with 60 partner admissions in the…

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Hedge Funds & Alternative Investments

Ithmaar Holding shareholders approve plans to improve the capital of the company

June 5, 2023

Shareholders of Ithmaar Holding B.S.C. (Bahrain Bourse and Dubai Financial Market Trading Code: “ITHMR”), a Bahrain-based holding company, today (ed…

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Hedge Funds & Alternative Investments

Supporting the UAE’s road to net zero as countdown to Cop28 begins

June 2, 2023

It is 179 days until the UAE opens the doors to Cop28, the world’s largest annual climate gathering, and the…

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FinTech

Pay your bills through Bank Muscat Internet and Mobile Banking

June 2, 2023

Bank Muscat, the leading financial services provider in the Sultanate of Oman, has called upon customers to take full advantage…

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Tax

Is UAE planning to introduce income tax? Top official responds

June 2, 2023

The UAE has no plan to introduce personal income tax, said a senior official on Thursday.   “No. There is…

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Regulation, Risk & Compliance

Corporate tax: UAE exempts free zones from business tax

June 2, 2023

UAE has rolled out its corporate tax, with businesses operating in free zones exempted from the 9 per cent business…

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Islamic Finance

7% boost in industrial licence renewals in 2022: Sharjah FDI Office

June 2, 2023

The emirate of Sharjah has recorded a spectacular year-on-year growth in its manufacturing sector with a sharp 7 percent increase…

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