UAE wealth fund ADIA takes 20% stake in Indian home finance firm
A wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, has taken…
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EBRD, EIB and World Bank launch new report on MENA’s economy
The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and the World Bank have published a…
EMEA Daily: Western Union, Mambu Partner on Digital Banking
In today’s top stories from Europe, the Middle East and Africa, Western Union teams up with cloud banking platform Mambu…
HSBC Egypt unveils $53.4m program for tech entrepreneurs
HSBC has launched a $53.4-million fund for tech entrepreneurs seeking international investments and operating in areas panning fintech, e-commerce, retail…
UAE top Arab nation for attracting FDI
the Arab world for attracting foreign direct investment (FDI) in 2021, according to the United Nations Conference on Trade and…
GCC Bank Profits Surge to $11 Billion
The first quarter of 2022 proved to be the best quarters for banks in the Gulf Cooperation Council as they…
CEO of DeVere-owned advice firm steps down
Greg Stockton confirmed that he has stepped down as chief executive of UAE-based advice firm Prosperity. He joined the…
Tabadul: championing digital logistics and Fintech solutions
Tabadul, the Saudi Electronic Information Exchange Company, continues to make great strides in supporting the logistics sector and fintech services,…
ADFD participates in Bonds, Loans and Sukuk Middle East forum as a strategic sponsor
Abu Dhabi Fund for Development (ADFD) participated as a strategic sponsor in the Bonds, Loans and Sukuk Middle East conference,…
Aramco’s former executive appointed as first female on Saudi Central Bank’s board
Sheila Al-Rowaily, who worked as a financier with Saudi Aramco, has become the first woman to join the board of…
GCC banking sector profits surpass pre-Covid levels
GCC banking sector continued to record growth during Q1-2022 backed by solid economic recovery and demand post the pandemic, a…
E-commerce spend grew two times the growth of POS in Q1
E-commerce spending in the UAE grew at double the rate of point of sale transactions in the first quarter of…