UAE's robotics start-up Micropolis raises $4m to fuel growth
Dubai-based robotics and autonomous technology start-up Micropolis has raised $4 million in new investment round led by San Francisco-based venture…
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EY: Unprecedented surge in MENA M&A activity in 2021, with 661 deals worth US$99bln
55% of all M&A volume in 2021 came from domestic deals Government-related entities accounted for 63% of the total disclosed…
Philippines, UAE Agree to Start Talks on Trade, Investment Deal
The Philippines and the United Arab Emirates, Manila's top trade partner in the Middle East, on Tuesday agreed to start…
UAE banks could see 15% rise in net income
The UAE's banks are likely to benefit from the planned increase in interest rates by the US Federal Reserve, which…
Turkey authorizes banks to issue dollar-denominated sukuk
Turkey’s Treasury and Finance Ministry announced Tuesday that it is authorizing banks to issue dollar-denominated sukuk, its first dollar bond…
Dubai's National General Insurance posts 53.5% rise in 2021 net profit
Dubai-listed National General Insurance reported a net profit of 70.8 million dirhams ($19.3 million) for 2021, up by 53.5 percent…
BACB appoints new Head of Treasury Sales
British Arab Commercial Bank has appointed Salim Abukhzaam as Director and Head of Treasury Sales. Abukhzaam, an experienced banking professional,…
Saudi cabinet approves licensing third digital bank
The Saudi cabinet has approved the licensing of a third digital bank, called D360 Bank, with a capital of 1.65…
PwC Middle East expands operations in Saudi Arabia
PwC Middle East has expanded its operations in Saudi Arabia by opening a new office in AlUla. The PwC’s…
Frenchman leads KPMG Deal Advisory in Bahrain
KPMG has appointed the Frenchman Nicolas Ribollet as the new Head of Deal Advisory for Bahrain. Nicolas Ribollet brings…
Data Protection Law issued in Oman
Oman has become the latest country in the Middle East to issue national privacy legislation with the publication of a…
Kenya Banks On Dubai Expo To Re-Establish Presence In UAE
Kenya is seeking to re-establish its presence in the United Arab Emirates (UAE) as a tourism and investment destination. …