EDB approves $653m in finance during H1; up 418%
Emirates Development Bank mobilised AED2.4 billion ($653 million) in loans to the UAE’s industrial sector in the first half (H1)…
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Sisi appoints Mohamed Farid as acting Chairman of FRA for a year
President Abdel Fattah El-Sisi issued Resolution No. 353 of 2022 assigning Mohamed Farid Saleh to act as Chairman of the…
Forbes Middle East reveals the Middle East’s top 30 banks 2022
The 30 banks have a total market value of $586.6 billion and total assets worth $2.5 trillion. Saudi Arabia dominates…
Northern Trust Asset Management Launches Quantitative ESG Strategy for EMEA and APAC Investors
Northern Trust Asset Management has expanded its suite of responsible quantitative investment solutions, with the launch of the NT World…
SABB appoints wealth management head
Saudi British Bank has named Bandar Al-Gheshayan as chief retail banking and wealth management officer. He will be responsible…
PwC crypto head sets up digital asset fund in Dubai
PwC’s global crypto leader has left his role at the company to set up a digital assets fund in Dubai,…
CBRE advises on acquisition of Doubletree by Hilton in Marjan Island
Abu Dhabi’s biggest developer Aldar Properties has expanded its hospitality and leisure portfolio in the UAE with the acquisition of…
Mohamad Majid (KPMG) on digital pillars of UAE's public sector
The economic and social turbulence caused by the pandemic has triggered a shift in consumer behaviour and expectations. Customers’ evolving…
'KHCB' reports BD 6.81mln net profit attributable to the bank’s shareholders in the first half of 2022
Khaleeji Commercial Bank has recently announced its financial results for the second quarter ended 30th June 2022, reporting a Net…
Qatar initiates measures to curb rising inflation: Kamco Invest
Qatar, which is gearing up to host the FIFA World Cup later this year, has already initiated measures to curb…
Saudi Arabia posts $20.8bn budget surplus in Q2, the highest at least since 2019
Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, the Ministry of…
Exceptional year for UAE citizens’ housing, with financial support of over $6ln
The UAE’s citizens' housing file in 2022 has achieved significant regulatory progress, and attained massive financial allocations for federal and…