Dubai to launch new gold and silver coins
DMCC, the Government of Dubai Authority on commodities trade and enterprise and a flagship free zone, has revealed prototypes of…
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Abu Dhabi's Mubadala, Ares set up $1bln JV to invest in credit secondaries
Abu Dhabi's strategic investor Mubadala Investment Company and Ares Management Corporation have set up a joint venture with approximately $1…
Saudi, UAE investors plan to invest in SpaceX – The Information
A unit of Saudi Arabia's investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar…
World Bank agrees $7bln, 5-year partnership with Egypt
The World Bank said on Wednesday it had approved a new $7 billion partnership agreement with Egypt for 2023-2027 with…
GCC central banks track US Fed move; hike key rates by 25bps
Central banks in the GCC raised interest rates on Wednesday night in lockstep with the US Federal Reserve, which raised…
Faisal Islamic Bank, set to revolutionize Egypt's digital banking experience with Intellect Global Consumer Banking's CBX Platform
Intellect Global Consumer Banking has announced that Faisal Islamic Bank of Egypt has chosen its CBX Retail platform to power…
Regulator FRA (Egypt) sharpens focus on sustainability with UK banking alliance
The London Institute of Banking & Finance (LIBF) and Egypt’s Financial Regulatory Authority (FRA), represented by the Regional Center of…
Moody’s affirms Abu Dhabi’s Aa2 rating, maintains stable outlook
Moody’s Investors Service (Moody’s) has affirmed the Abu Dhabi government’s long-term local and foreign currency issuer ratings at Aa2 and…
Saudi SABIC names Abdulrahman Al-Fageeh as new CEO
Saudi Basic Industries Corporation has appointed Abdulrahman Saleh Al-Fageeh as the new CEO of the petrochemicals group. Al-Fageeh was…
Al Ahli Bank of Kuwait sponsors Amiri Hospital’s second health campaign
Al Ahli Bank of Kuwait has announced its sponsorship of ‘Amiri Hospital Health Awareness Day’ organized by Amiri Hospital in…
nybl CEO participates in Dubai AI Advancement event
nybl CEO Noor Al Nahhas spoke in a panel discussion convened to mark the release of a Mohammed Bin Rashid…
Saudi National Bank says profitability unaffected by Credit Suisse investment
Saudi National Bank said its growth plans and profitability are unaffected by the lower valuation of its investment in Credit…