UAE economy experiencing sustained momentum in 2022: OPEC
The UAE economy has experienced sustained momentum in 2022, boosted by Expo 2020 and the easing of COVID-19 restrictions, according…
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Saudi, Kuwait bourses sign deal to boost capital markets
The Saudi Stock Exchange (Tadawul) and Boursa Kuwait have signed a deal to boost their capital markets and collaborate in…
Emirates REIT closes $380mln sukuk issuance at 9.5% profit rate
Emirates REIT, a sharia-compliant real estate investment trust, has closed a $380 million sukuk issuance to refinance the $400 million…
Regional wealth management firm launches invest now pay later service
The Family Office, a wealth management company in the GCC, has launched its invest now pay later service. With…
ADIB wins 'Bank of the Year – UAE' award
Abu Dhabi Islamic Bank has been named ‘Bank of the year- UAE 2022’ by Financial Times’ monthly publication, The Banker,…
Fintech PayTabs acquires Turkey’s social commerce platform, Paymes
PayTabs, Saudi’s payment gateway, has announced that it has acquired a 100 per cent stake in Paymes, Turkey’s social commerce…
Dubai: November ‘one of the strongest’ months for new jobs since early 2020
Businesses in Dubai recorded further gains in November, helped by the bounce provided by the start of the FIFA World…
UAE and Kyrgyzstan sign initial co-operation pacts in various sectors
The UAE and Kyrgyzstan signed on Monday several initial pacts for joint co-operation in sectors including agriculture and renewable energy…
UAE banks to 'accelerate' Emiratisation; boost SME support
UAE banks are expected to hire more UAE nationals and initiate measures to support small and medium enterprises (SMEs) as…
Dubai's Emirates NBD announces leadership shake-up
Dubai's top lender Emirates NBD has announced a shake-up of its senior management, as it positions itself to grow opportunities…
Saudi’s PIF acquires up to 9.5% stake in wind farm operator Skyborn
Saudi Arabia’s Public Investment Fund has acquired a stake of up to 9.5% in offshore wind energy company Skyborn Renewables.…
Pure-play digital firms yet to make a mark on Middle East financial services: PwC
While fintech and digital innovation of financial services in the Middle East have been undergoing a profound transformation, the region…