UAE's Emirates Development Bank, DIB sign deal to boost SME financing
The state-run Emirates Development Bank (EDB) has signed a deal with UAE lender Dubai Islamic Bank (DIB) to set up…
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Saudi SABB signs $693mln financing facility for Riyadh mall
The Saudi British Bank (SABB) has signed a project financing agreement with Nesma & Partners Contracting Company Ltd. worth 2.6…
Results of Qatar Islamic Bank ordinary & extraordinary AGM on 22 February 2022
The Ordinary & Extraordinary Assembly General Meeting of QIB shareholders, which was presided over by QIB Chairman H.E. Sheikh Jassim…
73% of Saudi Arabia's HNWI's want to buy a new home in the next 12-months
73% of HNWI's in Saudi Arabia are planning to buy a second home over the next 12-months, according to Knight…
Saudi government hires media veteran
Saudi Arabia’s Ministry of Media has hired industry veteran Nicolla Hewitt, adding her to its list of consultants that help…
Saudi fintech firm EdfaPay raises $1.6mln
Saudi-based fintech company EdfaPay has raised 6 million riyals ($1.6 million) in a pre-seed round. The funding round was…
UAE's credit bureau introduces app to curb bounced cheques
The UAE’s Al Etihad Credit Bureau (AECB) has launched a mobile application which can assess how likely a cheque will…
UAE's Mubadala leads $500mln investment round for Princeton Digital
Abu Dhabi's strategic investor Mubadala Investment Company led an equity round of more than $500 million for Princeton Digital Group…
Qatari prince sells Parisian mansion for $305mln
A Parisian mansion owned by Qatar’s Prince Abdullah bin Khalifa al-Thani has been sold for €200 million ($305 million) to…
Arab rulers, spy chiefs stashed millions in Swiss bank, shows data leak
A data leak from the bank Credit Suisse has opened a peephole into the private wealth of several powerful figures…
Sovereign sukuk to fall to $73bln this year; Saudi Arabia leads decline: Moody’s
Global sovereign sukuk issuance is expected to drop to $73 billion this year on the back of narrowed fiscal deficits,…
Seba Bank opens Abu Dhabi office
SEBA Bank has announced that it has secured an FSP from Abu Dhabi Global Market’s Financial Services Regulatory Authority effective…