Islamic Development Bank launches Saudi-backed $100m fund in Uzbekistan
The Islamic Development Bank is launching an economic development fund in Uzbekistan, which is backed by Saudi investors. The…
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Saudi Arabia to support tech businesses with loans of up to $4m
Saudi Arabia will provide up to $4 million in loans to technology businesses as it seeks to boost its digital…
QSE ends flat amidst gains in industrials, real estate stocks
The Qatar Stock Exchange on Wednesday treaded almost a flat path, reflecting in an unchanged capitalisation, amidst increased demand in…
Saudi banks are closing more branches even as consumer lending is up
Saudi banks are closing more branches Kingdom-wide even as these lenders hand out more loans for consumers, official central bank…
Finnovex ME Summit 2021 to focus on banking innovation and transformation
Continuing the efforts to support the regional Fintech ecosystem, Exibex, the organizers of Finnovex Global Series has back with third…
Bahrain's Ahli United Bank gives initial guidance for dollar sukuk – document
Bahrain-headquartered Ahli United Bank has given an initial price guidance of around 200 basis points over mid-swaps for five-year U.S.…
Bahrain's Investcorp announces completion of sale of PRO Unlimited
Investcorp has announced the completion of its sale of PRO Unlimited by Investcorp and funds managed by Harvest Partners, LP,…
Aster launches digital-first wealth management platform for MENA
Middle East wealth is expected to grow by 28%* by 2025 Market defining wealth platform to offer hyper-personalization at scale…
Standard Chartered acts as sustainability coordinator on Majid Al Futtaim $1.5 billion Sustainability Linked Loan
Standard Chartered has supported Majid Al Futtaim, the leading shopping malls, communities, retail and leisure pioneer across the Middle East,…
Middle East's wealthy investors are focusing on tech, energy and financials, says Pictet
The COVID-19 pandemic has caused a shift away from traditional fixed income into assets such as private equity, real estate,…
Dubai's Meraas plans refinancing of $600m Islamic bonds
Dubai's Meraas Holding, a state-linked property developer, plans to tender its existing US dollar-denominated Islamic bonds for cash and issue…
Digital shift ‘is taking growth to new levels’
The global Covid-19 pandemic has accelerated ambitious regional economic plans through the mass adoption of digital technologies across sectors, said…