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…
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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…
Dubai's share of clean energy at 12.8% of total installed capacity: DEWA
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced that the entity has added…
e& reports consolidated net profit of $680mln for Q3 2022, up 1.9%
e& (formerly known as Etisalat Group) has announced its financial results for Q3 2022, reporting consolidated revenues of AED 13.0…
Central banks are stocking up on gold as demand reaches pre-pandemic levels
Global demand for gold has returned to pre-pandemic levels, driven by stronger central bank buying and demand from consumers, and…
Dubai office rents likely to rise in ‘double digits’ over next 12 months
The cost of leasing offices in Dubai is expected to rise significantly over the next several months due to supply…
Saudi ACWA Power seals deal for 10GW wind project in Egypt
Saudi ACWA Power Company has signed a memorandum of understanding (MoU) with the Egyptian New and Renewable Energy Authority and…