UAE Labour Law amended to help employers retain talent
An amendment to the United Arab Emirates’ Labour Law lifts the cap on the length of fixed-term employment contracts. …
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Binance CEO sees no threat to crypto from central banks' digital currencies
Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as they would validate blockchain…
UBS looking to close dealmaking and advisory business in MENA region
Swiss banking giant UBS Group is set to shut down its dealmaking and advisory business in the Middle East and…
MENA nations making rapid progress on climate technology
Sustainability and carbon-neutral businesses have finally become the mainstream and the Middle East is now on board. This time…
UAE's private sector is adding jobs at fastest pace since July 2016, with October PMI at 56.6
New job creation within UAE’s private sector accelerated during October at the ‘fastest pace since July 2016’, according to the…
UAE’s unemployment insurance scheme to begin on January 1
The UAE’s Ministry of Human Resources and Emiratisation has signed an agreement with nine local insurance companies to launch the…
UAE Central Bank raises interest rate by 75 basis points
The Central Bank of the UAE has decided to raise the base rate applicable to the overnight deposit facility by…
FABMISR announces successful integration of all banking services with Bank Audi Egypt
FABMISR has announced Tuesday during a press conference the completion of the integration of Bank Audi Egypt with the successful…
Ares Wealth Management Solutions Expands Team and Global Footprint Mark Serocold Joins Firm to Lead EMEA Efforts
Ares Management Corporation has announced that Mark Serocold has joined the firm as a Partner and Head of EMEA for…
Credit Suisse Back in Vogue With Qatar Wealth Fund
Once Credit Suisse's largest shareholder, the Qatar Investment Authority cut its stake in the bank last year. Now it wants…
Saudi Aramco makes second highest profit on surging oil prices
Saudi Aramco reported its second-highest earnings as a listed company, as it continued to benefit from this year’s surge in…
Bahrain attracts $72.7m worth of investment in financial services
The Bahrain Economic Development Board (Bahrain EDB), supported by Team Bahrain has attracted $72.7m (BHD27.5m) in direct investments during the…