Ex-Google executive raising $1 billion middle east tech fund
STV, a venture capital firm started by ex-Google executive Abdulrahman Tarabzouni, is looking to raise at least $1 billion for…
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Abu Dhabi launches 'Virtual Licence' for non-resident foreign investors
The Abu Dhabi Department of Economic Development has launched the "Virtual Licence" allowing the non-resident foreign investors to obtain an…
Abu Dhabi energy sector to achieve sustainable development: Awaidha Al Marar
Awaidha Murshed Al Marar, Chairman of the Abu Dhabi Department of Energy (DoE), has said that the energy sector in…
UBS eyes Mideast expansion with new wealth desk in Dubai -memo
UBS will establish a new wealth desk in Dubai that will add coverage of Oman and Kuwait markets, and a…
Dubai's biggest bank still waiting for asset quality to improve
Emirates NBD PJSC has reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely…
Clifford Chance advises on historic UAE first bond issue
Leading international law firm Clifford Chance has advised the Federal Government of the UAE, acting through the Ministry of Finance,…
KFH reports KD 168.1 million net profit for shareholders until end of Q3 ’21, up 66.1%
Chairman of Kuwait Finance House (KFH), Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported net…
UAE-based Fintech Galaxy closes $2m seed round for Open Finance development
The first UAE-based open finance platform, Fintech Galaxy, has successfully raised $2 million in its latest funding round, MAGNiTT reported.…
A Cryptocurrency Gets To The Central Bank of Israel, CBDC Is On Trial
The possibility of issuing a cryptocurrency fills the Central Bank of Israel with enthusiasm. A digital shekel has come from…
CBB directs BENEFIT to operate national eCheque system
As part of the efforts exerted by the Central Bank of Bahrain (CBB) to boost digital transformation and introduce innovative…
DIFC and Start-Up Nation Central to Promote Innovation-Based Business Ties Between the UAE and Israel
Dubai International Financial Centre and Tel Aviv-based not-for-profit organization Start-Up Nation Central have announced the signing of an agreement aimed…
Egypt’s Banque Misr to launch its first Riyadh branch by the end of 2021: Bank’s head
Head of Egypt's Banque Misr is hoping to launch the bank’s first branch in Riyadh by the end of this…