Bank ABC completes legal merger of key Egyptian subsidiaries
Bank ABC (Arab Banking Corporation) has announced the successful completion of the legal merger of its two Egyptian subsidiaries -…
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Flat6Labs and Wio Bank sign MoU to streamline and enhance SME-centric banking services for start-ups in Abu Dhabi
In a bid to further strengthen Abu Dhabi’s entrepreneurship ecosystem, Flat6Labs, the MENA region’s leading seed-stage program and early-stage venture…
GFH acquires Big Sky Asset Management
Builds on its thematic focus on attractive and defensive markets GFH Financial Group has completed the acquisition of a majority…
Dubai regulator upholds $135mln fine against Abraaj founder
Dubai’s financial regulator said a $135 million fine against Abraaj founder Arif Naqvi has been upheld, saying its original findings…
Saudi jobs growth is strongest in half decade amid business boom
Saudi Arabia saw the strongest increase in employment in almost five years even as business conditions in its non-oil economy…
UAE businesses go slow on new jobs, while orders dip in December: S&P Global
New orders generated slowed down for UAE businesses in December as did output, as the private sector took on a…
UAE unemployment insurance scheme: Over 60,000 subscribers sign up in two days
More than 60,000 employees have successfully signed up for the Unemployment Insurance Programme since it came into effect on January…
Central Bank of Turkey Successfully Tests Payment Transactions Using Digital Lira
The Central Bank of the Republic of Turkey has successfully tested the first transactions using the digital Turkish Lira. …
Egypt: Credit facilities for 100 largest bank clients increase to $24.32bln
The Central Bank of Egypt has revealed that the credit facilities granted to the largest 100 borrowers in the public…
Qatar’s infrastructure facilities to expand in years ahead
With the rapid increase of foreign investments and trade relations between countries and numerous firms, Qatar is paving its way…
Middle East’s M&A space can expect some surprises in 2023
Mergers and acquisitions in the Middle East have seen a slowdown in 2022 as corporate and financial investors turned cautious…
Egypt has third best banking system in Arab world in terms of assets, deposits, and loans: UAB
The Union of Arab Banks said that the Egyptian banking sector has achieved tremendous success and impressive results over the…