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Executive Moves

The Kingdom of Bahrain assumes the Presidency of the Digital Cooperation Organization

February 16, 2023

The Kingdom of Bahrain has officially been appointed to the Presidency of the Digital Cooperation Organization (DCO), the global, multilateral…

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Hedge Funds & Alternative Investments

Abu Dhabi grows fastest in MENA with GDP at 10.5%

February 16, 2023

The growth of Abu Dhabi's Gross Domestic Product (GDP) in the first nine months of 2022, reaching 10.5%, the highest…

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Hedge Funds & Alternative Investments

Global alternative investor Brevan Howard opens Middle East hub in Abu Dhabi

February 16, 2023

Global macro investment firm Brevan Howard has opened an office in Abu Dhabi, which will be its Middle East regional…

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Trading, Broking & Stock Exchanges

DMCC announces 17% diamond trade growth in 2022

February 16, 2023

DMCC has reported a 17 percent year-on-year increase in the value of diamond trade in 2022, totalling US$37.4 billion combined…

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Hedge Funds & Alternative Investments

Global alternative investor Brevan Howard opens Middle East hub in Abu Dhabi

February 16, 2023

Global macro investment firm Brevan Howard has opened an office in Abu Dhabi, which will be its Middle East regional…

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Uncategorized

Wealth resurgence offers opportunities

February 15, 2023

It is no secret that the UAE has long been a popular destination for the affluent. However, it seems the…

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Uncategorized

Mashreq Private Banking: The ideal partner for a seamless wealth journey

February 15, 2023

The global economic and financial outlook is amongst the weakest in a decade as recession fears continue to weigh on…

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Executive Moves

New Appointments to UK Finance Board

February 15, 2023

UK Finance has announced two new appointments to the UK Finance Board as of 1 February 2023.   Robin Bulloch,…

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Hedge Funds & Alternative Investments

Dubai Shuaa Capital's Q4 2022 net profit more than doubles

February 15, 2023

Dubai-based investment bank Shuaa Capital's fourth-quarter 2022 net profit more than doubled to AED 9.2 million ($2.5 million).    However,…

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Regulation, Risk & Compliance

Authorities act against two companies for QR24 million tax evasion

February 15, 2023

In coordination with the relevant authorities, the Revenue Protection Team of General Tax Authority  identified tax evasion cases by a…

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Retail Banking

Local banks increase activity in concluding joint loan deals

February 15, 2023

According to reliable banking sources, local banks have recently increased their activity in concluding joint loan deals directed towards neighboring…

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Awards and Recognition

Saudi Re wins ‘Reinsurance Company of the Year’ Award at MENA Insurance Review Awards 2023

February 15, 2023

The Saudi Reinsurance Company (Saudi Re) won the "Reinsurance Company of the Year" award at the prestigious 10th Middle East…

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