PIF-owned SRC signs $270m refinancing deal with Saudi National Bank
The Saudi Real Estate Refinance Company, a wholly-owned company of the Public Investment Fund, has signed a joint agreement with…
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CBB Sukuk Al-Salam securities oversubscribed
Subscriptions worth BD 77.330 million were received for the BD 43 million issue, which carries a maturity of 91 days.…
UAE, OECD discuss global tax standards, tax challenges arising from digitalising the economy
The undersecretary of the UAE Ministry of Finance (MoF), Younis Haji Al Khoori, has held a meeting with Pascal Saint-Amans,…
NBK’s AGM approved distribution of 30% cash dividends and 5% bonus shares
Al-Sayer: Our strong performance helped maximize returns for our shareholders We were committed to maintaining our strategic course by accelerating…
Investcorp agrees sale of Dainese SpA
Investcorp has announces that it has reached an agreement on the sale of Dainese SpA to global investment firm Carlyle …
Saudi-based Qawafel raises a US$3mln seed round
Saudi Arabia’s Qawafel, a B2B marketplace simplifying trade between buyers and suppliers of perishable food products across the Kingdom, has…
Impending rate hikes to spur UAE banks’ net-interest income
The UAE’s banking sector assets are expected to grow in 2022 on the back of an economic recovery that has…
Top Strategic Technology Trends for 2022
Gartner expects these 12 technology trends to act as force multipliers of digital business and innovation over the next three…
Oman approves first licence for crowdfunding platform after rules change
The Capital Market Authority has approved the licensing of the first global crowdfunding platform operator in Oman. Ethis Investment…
Masdar, Mashreq to progress UAE SME, start-up ecosystem
Masdar City, Abu Dhabi’s pioneering sustainable urban development, and Mashreq Bank have signed a memorandum of understanding (MoU) to provide…
Global banking CEOs optimistic of sector growth: KPMG
Global banking CEOs are optimistic and are predicting growth in the coming years, foreseeing an innovation-based approach in the sector…
Doha Bank, Milaha to enter key barometer in QSE
Doha Bank and Milaha (Qatar Navigation) will replace United Development Company and Vodafone Qatar in the Qatar Stock Exchange's 20-stock…