PIF's Lucid deal a VC success even as fund isn't among top 10 investors in 2021
Saudi Arabia's Public Investment Fund, known as PIF, wasn't among the top 10 global sovereign wealth funds in terms of…
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Israel’s newest bank picks a new name
Israel’s newest bank, thus far known as the First Digital Bank (FDB), has picked a new name — One Zero.…
2022 forecast: Why UAE companies should prepare for rising inflation
Companies in the UAE must start planning for rising costs in 2022 and 2023, according to a senior corporate banking…
Saudi central bank to launch repo operations using Bloomberg from this month
The Saudi Central Bank (SAMA) has announced that it will conduct repo, reverse repo and Open Market Operations (OMO) with…
UAE is a safe haven for global business
A UAE newspaper has said that the country celebrated the 50th year of its formation with pride and satisfaction. …
Bitcoin slump? Yes, but ignore the crypto deniers
Bitcoin is likely to record its worst monthly performance since May, but you should “ignore the crypto deniers” if you…
The IILM announces leadership changes for 2022
The International Islamic Liquidity Management Corporation has appointed H.E. Khaled Mohamed Balama as the Chairman of its Governing Board (“GB”),…
AI at forefront of solving emissions challenge in Qatar
As Qatar pursues a sustainable future, efforts in this direction enter an opportunistic new phase following a renewed emphasis on…
Dubai-based Emaar Development CEO resigns for personal reasons
The CEO of Emaar Development, Bader Hareb, has resigned after three years in the role, citing personal reasons. Hareb’s…
Saudi Alinma Bank's board recommends $211.7mln cash dividends for H2
Alinma Bank's board of directors recommended the distribution of SR795.1 million ($211.7 million) worth of cash dividend for the second…
Turkey’s banking field registers USD5.8b of net profit
According to the Turkish banking regulator announcement on Wednesday, the country’s banking field recorded a 75.3 billion Turkish liras (USD5.8…
Suez Canal to establish sovereign wealth fund
The Suez Canal Authority (SCA), the government body that operates the Suez Canal, plans to establish its own sovereign wealth…