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Comment & Analysis

Saudi Arabia calls on GCC to speed up establishment of customs union, common market

January 24, 2022

Saudi Arabia’s Minister of Finance Mohammed Al-Jadaan called on Gulf countries to complete the establishment of a customs union, and…

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Property & Real Estate

Saudi residential real estate prices up 1.7% in Q4

January 24, 2022

The real estate price index (RPI) for Saudi Arabia increased by 0.9% in the fourth quarter of 2021 compared to…

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Hedge Funds & Alternative Investments

UK private credit manager opens Dubai office to launch Gulf growth

January 24, 2022

Pemberton, a European private credit manager with nearly $16 billion of assets under management, has announced the opening of an…

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Executive Moves

Credit Suisse hires Berenberg analyst to lead EMEA healthcare investment banking -memo

January 21, 2022

Credit Suisse  has hired a senior Berenberg analyst to lead its healthcare investment banking franchise in EMEA in a bid…

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Hedge Funds & Alternative Investments

Turkey May Spend $3.8 Billion to Boost State Banks’ Capital

January 21, 2022

Turkey plans to inject 51.5 billion liras ($3.8 billion) into state banks to ensure they keep lending to businesses after…

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Hedge Funds & Alternative Investments

'Malicious': War of Words Breaks Out Between Big Law and Offshore Firms In $100M Kuwait-Cayman Case

January 21, 2022

An increasingly vitriolic war of words has broken out between the lawyers of a private equity fund and those acting…

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Executive Moves

HSBC names new trade product and propositions head for Mena and Turkey

January 21, 2022

HSBC has appointed Syed Imtiaz Hussain as regional head of product and propositions, global trade and receivables finance (GTRF), for…

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FinTech

Sequoia Capital India makes Gulf debut with $33 million investment in Saudi fintech Lean Technologies

January 21, 2022

Saudi fintech start-up Lean Technologies has won a $33 million Series A round funding injection from Sequoia Capital India, marking…

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Comment & Analysis

Personal web and mobile experience key to Mideast banks’, fintechs’ customer retention

January 21, 2022

The Middle East’s financial institutions are drawing up massive plans to engage and retain customers, by leveraging innovation-based digital approaches.…

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Financial Results

Faisal Islamic Bank Egypt reports 30.3% growth in 2021 standalone profit

January 21, 2022

Faisal Islamic Bank of Egypt (FAIT) reported a 30.3% year-on-year increase in standalone net profit for the year ended December…

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Environment and Sustainable Investments

Franklin Templeton appoints Global Head of Sustainability

January 21, 2022

Franklin Templeton today announced the appointment of Anne Simpson as Global Head of Sustainability, a newly-created role charged with driving…

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Executive Moves

ADIB Reshuffles Top Leadership Days After New CEO Takes Charge

January 21, 2022

Abu Dhabi Islamic Bank PJSC, the second-biggest Sharia compliant lender in the United Arab Emirates, has unveiled a series of…

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