UAE’s financial wealth to grow by 6.7% annually, reaching USD 1trln by 2026
The United Arab Emirates (UAE) financial wealth will experience a sturdy Compound Annual Growth Rate (CAGR) of 6.7% in new…
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Qatar’s financial wealth to grow by 3.9% annually, reaching USD 0.4trln by 2026
Qatar’s financial wealth will experience a sturdy Compound Annual Growth Rate (CAGR) of 3.9% in new wealth, rising from USD…
Moonfare launches digital private markets investing platform in the United Arab Emirates
Moonfare has announced that it has launched operations in the United Arab Emirates (UAE). Individual investors of all seven emirates, with the…
Saudi lender Arab National Bank reports higher H1 profit of $360m
Saudi Arabia’s Arab National Bank has posted a 29 percent increase in profit during the first half of 2022. …
CBK raises discount rate by quarter percentage point
The Central Bank of Kuwait raised the discount rate by a quarter percentage point from 2.25 per cent to 2.50…
Oman’s financial wealth may reach $89bn by 2026
Oman’s financial wealth will experience a sturdy compound annual growth rate of 5.2 per cent over the next five years,…
Sheikh Hamdan to chair Higher Committee for Future Technology and Digital Economy
The Dubai Government has established the Higher Committee for Future Technology and Digital Economy. Formed under the directives of…
GBM Oman appoints general manager
Gulf Business Machines has announced the appointment of Mahmoud El Kordy as general manager for Oman. He will succeed Eddy…
DCO whitepaper calls for multilateral dialogue on international digital economy taxation plans
The Digital Cooperation Organization has released a new whitepaper that is intended to encourage dialogue and debate around international taxation…
GCC’s Financial Wealth To Grow by 5.2% Annually, Reaching USD 3.5 Trillion by 2026
A new BCG report expects that the GCC's financial wealth will rise from USD 2.7 trillion in 2021 to a…
RAKBank appoints chief executive
National Bank of Ras Al Khaimah on Thursday said it has appointed Raheel Ahmed as its new chief executive. …
RAKBank reports 60% increase in Q2 net income as bad loans drop and interest income rise
National Bank of Ras Al Khaimah reported a 60 per cent increase in second quarter net income, as interest income…