UAE banks outperform lenders in US and emerging markets, EFG Hermes says
Share prices of major UAE lenders have outperformed banks in the US and other emerging markets, driven by strong fundamentals…
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Standard & Poor’s awards Boubyan Bank the highest credit rating in Kuwait
Al-Majed: Rating Boubyan atop Local Banks Confirms Our Successful Ongoing Balance between Growth, Expansion, and Profits Boubyan Bank took a…
Middle East now a core part of UBP’s business
AUM of more than US$10 billion means the Middle East is now a core part of the UBP group, according…
KPMG appoints new Chief Executive as the business moves to the next phase of growth
KPMG Lower Gulf has announced the appointment of Emilio Pera as the company’s next Chief Executive Officer, effective 1 January…
Deloitte expands Technology FAST 50 program in Middle East
Following the success of last year’s inaugural edition, Deloitte has confirmed it is running the next Middle East edition of…
Citigroup targets more deals in Gulf region
Citigroup Inc's investment banking team has doubled in size over the past two years and more people are being added…
Wealthy investors are buying Dubai homes with cash as interest rates rise
A growing number of wealthy buyers are entering the Dubai property market with cash purchases as financing is getting more…
Dubai Islamic Bank sells $750mln in debut sustainable sukuk
Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed. The…
QNB Group, Ajlan & Bros Holding strategic partnership to grow digital banking presence in Saudi Arabia
QNB Group has entered into a joint venture agreement with Ajlan & Bros Holding, to “collaborate and grow” the digital…
UAE economy to grow more than 6% in 2022, IMF says
The UAE economy is set to grow by more than 6 per cent this year, after expanding by 3.8 per…
Saudi Arabia ranks first among G20 countries in labor force growth rate
As Saudi Arabia is undertaking massive economic diversification, the Kingdom has ranked first in the labor force growth rate among…
Egypt to start building $11bn wind farm from 2024
The construction of one of the world’s largest wind farms in Egypt is set to start in 2024 and could…