GTA launches direct payment service with CBQ, QNB
The General Tax Authority (GTA) in co-operation with Commercial Bank of Qatar (CBQ) announced the launch of a direct payment…
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Saudi EXIM Bank, Japan's SMBC, sign MoU
The Saudi Export-Import Bank and the Sumitomo Mitsui Banking Corporation has signed a Memorandum of Understanding that would see the…
Rocky Road to Recovery
• The market is starting to buy the inflation argument • Although Central Banks are still divided, the momentum is…
Alternatives investment firm debuts Middle East office led by industry veteran
Pretium has established its first Middle East office in Dubai. Jamal Saab has joined as Managing Director to head and…
DFSA introduces regulatory framework for Investment Tokens
The Dubai Financial Services Authority has launched its regulatory framework for Investment Tokens. The framework reflects the proposed regulations outlined…
BlackRock Wins Saudi Arabia’s National Infrastructure Fund Mandate
BlackRock Inc., the world’s largest asset manager, won a mandate to help Saudi Arabia create and oversee the National Infrastructure…
UAE banking assets to grow by up to 10% next year amid Expo boost and economic recovery
UAE’s banking assets are expected to grow by between 8 per cent and 10 per cent in 2022 as the…
Arab National Bank profits fall: Market Wrap
The Tadawul All Share Index, TASI, was down 0.2 percent at 11,845 points in early trade today. Here’s a…
Chimera Capital's first venture capital fund exceeds initial target
Chimera Capital Ltd has achieved second close of Chimera Global Fund I LP (“the Fund”) surpassing its initial target of…
Dubai, Doha and Riyadh among top five in MENA ranking
Comprising of Global Cities Index (GCI) and Global Cities Outlook (GCO), the report measures how globally engaged cities are across…
Investments in Saudi fintech sector rises to $347mln
More than SAR 1.3 billion ($347 million) has been invested in fintech in Saudi Arabia in the last 12 months…
Infosys Finacle rated leader in Digital Banking Engagement Solutions
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys has announced that it has been positioned as a…