Most GCC central banks raise interest rates tracking US Fed move; Qatar holds
Central banks in the GCC raised interest rates on Wednesday night after the US Federal Open Market Committee (FOMC) delivered…
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Abu Dhabi Borouge's Q4 net profit drops 17%
Abu Dhabi-based polyolefin company Borouge posted a 17% year-on-year (y-o-y) fall in its Q4 2022 net profit to $247 million…
GCC banks' lending growth likely to decline: S&P
Tighter local monetary policy conditions and lower economic growth will lead to a decline in lending growth for Gulf Cooperation…
Renaissance appoints Chief Communication and Marketing Officer
Renaissance Services has appointed Mohana Prabhakar as Chief Communication and Marketing Officer. Mohana took up the role in December 2022,…
UAE regulator overhauls regimes for foreign and domestic funds
The Securities and Commodities Authority (SCA) has overhauled its foreign and domestic funds regimes in the United Arab Emirates (UAE).…
Saudi Real Estate Refinance looks to debut dollar sukuk in Q2
The Saudi Real Estate Refinance Co., the kingdom's equivalent of US mortgage finance business Fannie Mae, plans to issue debut…
MENA’s open banking platform Tarabut Gateway announces two senior appointments
Tarabut Gateway, MENA’s leading regulated open banking platform, announces two new appointments to its management team. Oussama Bouhcine joins…
Confused about which free zone you should start your business in? Use this platform
Researching and finding out which free zone suits the profile of your company can be an overwhelming task, especially if…
UAE’s digital economy to reach $140bn in 2031: Dubai Chamber of Digital Economy
Dubai Chamber of Digital Economy, one of three chambers operating under Dubai Chambers, has released a report detailing plans to…
Clean Energy: The key to economic and environmental resilience
As we continue to strive for a cleaner planet, governments, industries and organisations around the world are uniting to build…
Saudi National Bank FY 2022 net profit soars 47%
Saudi National Bank's full-year (FY) 2022 net profit soared 47% year-on-year (YoY) to 18.58 billion riyals ($4.95 billion) as total…
Egypt's net foreign assets climb by $2bln in December
Egypt's net foreign assets (NFAs) improved by 47.28 billion Egyptian pounds in December, marking a second month of increases after…