Saudi Central Bank engages with fintechs and banks on CBDC
The Saudi Central Bank is running tests on a domestic wholesale digital currency in collaboration with local banks and fintechs.…
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Goldman’s Top Middle East Private Banker Leaves After Two Years
The head of Goldman Sachs Group Inc.’s wealth management business in the Middle East and North Africa has left after…
Emirates Investment Bank to seek shareholder approval to raise capital base to Dh1b
Emirates Investment Bank will be issuing a Dh650 million rights issue to push its issued capital to Dh1 billion from…
The Sovereign Fund of Egypt and B Investments co-invest in Egypt’s healthcare sector with over EGP 2bln
The Sovereign Fund of Egypt through its healthcare and pharmaceutical industries Subfund and B Investments Holding S.A.E., BPE Partners’ flagship…
Knight Frank and Berkadia form international alliance
Knight Frank, and Berkadia has announced their new alliance to develop and provide capital markets services to multi-market clients globally.…
Real Estate Development Fund deposits $243m in Sakani accounts to further boost Saudi housing goals
Saudi Arabia’s Real Estate Development Fund deposited SR912 million ($243 million) in the accounts of Sakani beneficiaries in January 2023.…
MoIAT reduces government service fees to further ease doing business in UAE
The UAE has reduced and waived fees for certain government services as the country seeks to create an attractive business…
UAE accounting start-up Wafeq raises $3m as it aims to enter Egypt
Software-as-a-service start-up Wafeq has raised $3 million in a seed-funding round, as the UAE-based company aims to enter Egypt and…
Dubai's landlords, tenants keep close watch for any Rental Index update
Landlords and their tenants alike are keeping close watch on the Dubai Rental Index to see whether it will soon…
Abu Dhabi hotels generate Dhs5.4bn in revenue in 2022
The Department of Culture and Tourism – Abu Dhabi has revealed that a total of 4.1 million hotel visitors stayed…
Dubai Islamic Bank FY net profit jumps 26%; beats estimate
Dubai Islamic Bank, the UAE’s largest Islamic lender, posted a 26% jump year-on-year (YoY) in its FY 2022 net profit…
Saudi Aramco’s Wa’ed invests $14mln in Japanese drone firm
Saudi Aramco’s venture capital fund has invested $14 million in a Japanese startup that develops technology for drones which will…