Abu Dhabi ADNOC Distribution Q1 net profit rises to $183mln
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, reported a 6.3 percent y-o-y increase in Q1 2022 net profit…
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Majority of Middle East’s wealthy plan to increase sustainable investments
About 85 per cent of high-net-worth investors in the Middle East intend to increase their exposure to ESG (environment, social…
Saudi Arabian Banks Recovering Well from Pandemic Pressures
The pandemic’s impact on Saudi Arabian banks has been contained and pressures on the operating environment have largely eased, says…
Mubadala extends co-investment with Hellenic Development Bank of Investments
During Greek Prime Minister Kyriakos Mitsotakis’s official state visit to the United Arab Emirates, Abu Dhabi-based sovereign investor, Mubadala Investment…
Wio makes senior leadership appointments following UAE Central Bank license
Wio Bank PJSC, established recently in the UAE, has announced the appointment of His Excellency Salem Al Nuaimi as Chairman…
Mashreq Bank commits up to $10mln investment in fintech “Cashew”
Mashreq Bank has committed up to $10 million in Cashew, the innovative fintech leader providing buy now pay later (BNPL)…
Dubai government establishes debt management office, appoints CEO
The Dubai Government said on Monday that it has established a debt management office (DMO) and appointed Rashid Ali bin…
Northern Trust Appoints Country Head for Saudi Arabia
Northern Trust has appointed Kholoud Al Dosari as country head for Northern Trust in The Kingdom of Saudi Arabia. …
Rob Shorthouse and James Fearnley-Marr join Teneo in Dubai
Global consulting firm Teneo has bolstered its team in Dubai with two new managing directors. Both Rob Shorthouse and…
Egypt expected to raise interest rates after US Fed decision
The Monetary Policy Committee of the Central Bank of Egypt will hold its third periodic meeting on 19 May this…
Indian cryptopreneurs eye UAE
Dubai’s popularity as hot test-bed for innovation has managed to attract cryptopreneurs who are rushing to book their spot as…
Saudi Arabia Reportedly Will Invest In Israel Through Jared Kushner’s Fund
Affinity Partners, a new private-equity fund started by Jared Kushner, plans to invest money from Saudi Arabia’s sovereign wealth fund…