GCC central banks raise interest rates after US Federal Reserve move to curb inflation
The central banks of the UAE, Saudi Arabia, Bahrain, Kuwait and Qatar increased their benchmark interest rates following the US…
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Saudi economy to witness 10% growth in 2022: Capital Economics
Saudi Arabia is expected to grow by around 10 percent in 2022, well above the current consensus expectations of 6.3…
PwC Consulting partners with Sova to deepen talent offering
PwC has agreed a partnership with Sova, deepening its workforce offerings with the addition of Sova’s talent assessment and recruitment…
Eid 2022 gifting: UAE consumers go for cashback schemes in a big way
Is ‘cashback’ making a sort of comeback in the UAE’s retail space? Through Ramadan and Eid, cashback schemes from…
Abu Dhabi’s ADDED introduces easy payment plan for business owners
The Abu Dhabi Department of Economic Development have signed a deal with First Abu Dhabi Bank, Abu Dhabi Commercial Bank,…
What’s driving digitalization in the Gulf?
The Middle East has seen the launch of several digital-only banks over the last few years, with Saudi Arabia, the…
Rules on open banking are essential for KSA
Open banking, where financial institutions share a customer’s financial details once consent is granted, is increasing in popularity across the…
Ashurst boosts EMEA disputes offering with hire of new partner in Munich
Martin joins from Pinsent Masons where he led the firm's global mass actions & collective redress offering, prior to which…
Emirates Development Bank showcases its pivotal role
The Emirates Development Bank has restated its commitment to financial inclusion in the UAE with a range of financial solutions…
Abu Dhabi Investment Authority Funds $2 Billion US Industrial Property Venture with Rockpoint Group
Rockpoint Group formed a platform with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The platform will…
The new UAE Labour Law: what employers need to know
Private sector employers in the United Arab Emirates (UAE) should review their policies and procedures following the biggest change to…
Egypt’s top 9 investment deals so far in 2022
Four months into 2022, Egyptian startups have already raised more than $150 million, mostly in Series A rounds. Most…