Watch: On gold imports, UAE to bring tough rules on sourcing
The UAE is bringing in new rules related to the sourcing of gold into the country, further cutting down any…
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Kuwait sovereign wealth fund fires head of London office
The head of the Kuwait Investment Authority’s London office has been fired with immediate effect following a period of turbulence…
Luxury stores hold premium space in Middle East retail sector
The luxury retail industry has emerged from the pandemic crisis stronger and more dynamic than ever, and the Middle East…
Saudi, UAE Banking Sectors Face Contrasting Liquidity Dynamics
The Saudi and UAE banking sectors face contrasting liquidity dynamics, Fitch Ratings says in a new report. We expect Saudi…
Fintech Landscape of Turkey in 2022
What have the developments of fintech and wider digital been like in the Republic of Türkiye (Turkey)? As highlighted…
Strategy& promotes Jonathan Le Henry to partner and Maghreb leader
Strategy& has promoted Jonathan Le Henry to partner and Head of the Maghreb region. The Frenchman has been with…
Mashreq achieves 17% increase in operating profit and posts AED 1.4bln net profit for 1H 2022
Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the first half…
ADIB delivers a strong set of results for H1 2022
Strong year on year Revenue growth driven by core business 30% y-o-y increase in Net Profit to AED 1.4 billion…
National Bank of Kuwait reports net profit of KD 237.8mln for the first half of 2022
National Bank of Kuwait has announced its financial results for the six-month period ended 30 June 2022. The Bank reported…
Moody’s expects Saudi economy to grow an average of 3.9% for next four years
Saudi Arabia’s economy is forecast to grow at an average rate of 3.9 percent between 2022 to 2026, according to…
Saudi Arabia leads GCC with 77% growth in project contract awards in Q2
Saudi Arabia leads the Gulf Cooperation Council region with $16.5 billion worth of projects awarded during the second quarter of…
Egypt's EBank modernizes business operations with AI and IBM Cloud Paks on Red Hat OpenShift
(NYSE: IBM) has announced its collaboration with Export Development Bank in Egypt (EBank) to launch its digital banking-as-a-service (BaaS) platform…