Abu Dhabi’s ADQ sets up SPAC with Chimera, eyes nearly $100mln IPO
Abu Dhabi state-owned ADQ and Chimera Investments have established a special purpose acquisition company (SPAC), which is expected to raise…
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Turkey’s Ziraat Bank secures $1.24 billion loan at higher cost
Ziraat Bank, Turkey’s biggest state-run bank, secured a syndicated loan of $1.24 billion at higher costs following a currency crisis…
Dubai launches Sukuk Al Waqf in a push to encourage humanitarian contributions
Dubai government on Tuesday announced the launch of Sukuk Al Waqf, the first of its kind initiative in the world.…
UAE’s National Bonds’ investments rise by 36% to Dhs11.89bn in 2021
Shari’a-compliant savings and investment company, National Bonds’ 2021 annual profits report has revealed that more UAE nationals and residents are…
Rania Tadros joins Stephenson Harwood as new Dubai office managing partner
Stephenson Harwood LLP has strengthened its Dubai office with the arrival of Rania Tadros as the new office managing partner.…
In Abu Dhabi, some landlords continue to offer rent-free even as rents rise
Rents are on the rise again in Abu Dhabi, but landlords – at least some of them – continue to…
Emirates Islamic launches Emarati Business Account to support UAE national companies
UAE-based bank Emirates Islamic has launched Emarati Business Account, designed specifically to cater to the needs of UAE national companies,…
Renewables take lion’s share of global power additions in 2021
Renewable energy continued to grow and gain momentum despite global uncertainties taking the lion's share of power additions in 2021,…
Saudization of key health sectors begins
Saudi Arabia’s Ministry of Human Resources and Social Development announced on Monday the start of implementation of Saudization in some…
Fostering trust will be key to safeguarding business in a digital-first economy, reveals GBM Security Report 2022
Gulf Business Machines (GBM) has revealed top insights from the 9th edition of its cybersecurity report where it explored the…
QNB Group: Financial results for the three months ended 31 march 2022
QNB Group has announced its results for the three months ended 31 March 2022. Net Profit for the three…
TII announces launch of NOOR, the world’s largest Arabic NLP model
Technology Innovation Institute has announced the launch of NOOR, the world’s largest Arabic natural language processing (NLP) model to date.…