Aldar completes first investment in Ras Al Khaimah
Acquisition of Al Hamra Mall in Ras Al Khaimah for AED 410 million, with additional development rights Significant transformation opportunity…
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CBUAE launches new general terms and conditions for its standing credit and liquidity insurance facilities
As part of its Dirham Monetary Framework implementation plan, the Central Bank of the UAE (CBUAE) will introduce new general…
Doha Bank signs MoU with Karty to empower financial entrepreneurship, innovation in Qatar
Doha Bank has signed a memorandum of understanding (MoU) with Doha-based fintech startup Karty, in a strategic partnership aimed at…
MENA investment banking fees rise as M&A activity soars in 2021
Investment banking fees in the Middle East & North Africa (MENA) totalled $1.4 billion in 2021, up 3 percent from…
National Bank of Fujairah launches new account for SMEs, startups
National Bank of Fujairah (NBF) has announced the launch of the NBF Lite Bank Account for startups and small-and-medium-enterprises (SMEs)…
Mashreq Bank is latest UAE bank to confirm a Dh1b profit for 2021
Mashreq has become the latest UAE bank to report a Dh1 billion or plus profit for 2021, and providing more…
Knight Frank expands real estate Valuation and Advisory expertise in the Middle East
Knight Frank Middle East continues its major expansion of its Valuation and Advisory operations across the Middle East region as…
New IsDBI book details practical ways of curtailing risk in Islamic Finance
The Islamic Development Bank Institute (IsDBI) has released a new book detailing the application of ‘heavy tails’ distribution techniques to…
ACWA Power signs MoU with Saudi EXIM Bank
ACWA Power,a leading developer, investor and operator of power generation, desalinated water and green hydrogen plants, signed a Memorandum of…
ADCB quarterly net profit up 44%
Abu Dhabi Commercial Bank, UAE's third-biggest lender, beat expectations with a 44% rise in fourth-quarter net profit, boosted by higher…
UAE to impose 9% corporate tax on businesses from June 2023
The UAE is to impose a nine percent corporate tax on businesses, effective next year, according to a statement published…
Kuwait Credit Bank weighs issue of $3.30bln of bonds amid liquidity crunch
Kuwait Credit Bank, a state-owned lender that provides interest-free home loans, is in talks with banks and Oliver Wyman about…