UAE and UK to strengthen cooperation on climate action and environment
The UAE and the United Kingdom have agreed to strengthen bilateral cooperation to accelerate climate action and environmental protection in…
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Czech Republic hopes to establish ‘strategic partnership’ with Saudi Arabia
Last week, Jakub Kulhanek, foreign minister of the Czech Republic, paid his first official visit to Saudi Arabia to hold…
Sovereign Wealth Funds: a detailed analysis of transnational regulation and dispute resolution
With assets under management worth over USD 10 trillion(1) and about 7.8% of all listed equities worldwide(2) under their control,…
Fitch launches ESG ratings products
Fitch Ratings-New York-25 September 2020: Fitch Solutions has launched a new product, Fitch Ratings ESG Relevance Scores Data, which allows…
American-Ukrainian tech consultancy SoftServe launches in Middle East
International technology consultancy SoftServe has opened a new office in Dubai, the firm’s first office in the Middle East and…
Central Bank of Bahrain prepares for the second phase of Open Banking
The Central Bank of Bahrain (CBB) has instructed all retail banks and financial institutions to adopt the requirements and guidelines…
UAE central bank looking to replace benchmark rates: Reuters
The United Arab Emirates central bank is studying ways to replace the local interbank rate, three sources said, as it…
Lebanon signs central bank audit contract with A&M
Lebanon’s finance minister Youssef Khalil on Friday signed a new contract with restructuring consultancy Alvarez & Marsal (A&M) to carry…
Wataniya Insurance board recommends $53.3m capital increase
Wataniya Insurance Company’s board of directors recommended on Thursday to increase the company’s capital through a SR200 million ($53.3 million)…
Abu Dhabi leads major Gulf bourses higher; Egypt falls
Major stock markets in the Gulf reversed early losses to close higher on Thursday, with the Abu Dhabi index registering…
New Saudi committee tasked to regulate foreign investments as Kingdom opens up
Saudi Arabia has formed a new committee to regulate foreign investments and protect the Kingdom's critical sectors such as utilities.…
Commercial Bank of Dubai recognized with "Excellence in Innovation – Retail Banking" at the 2021 Finnovex Awards
Commercial Bank of Dubai, one of the leading banks in the UAE, has received the “Excellence in Innovation – Retail…