Gulf Islamic Investments and Capital Bay announce joint venture
The platform’s debut offering, valued at EUR 500 million, will launch in September with a first deployment intended for Q4…
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Dubai developer Limitless set to agree third debt restructuring deal
Dubai state-owned property developer Limitless is set to reach an agreement with creditors over some $760 million of troubled debt,…
Challenges facing UAE's small and mid-sized consulting firms
In a new report, Botho Emerging Markets Group has honed in on the UAE’s small to medium-sized consulting industry –…
UAE banks top GCC banking sector profit growth in Q2-2021
UAE banks reported the biggest increase in profits during the second quarter of 2021, registering 11.8 per cent quarter-on-quarter, according…
EBRD steps up trade support with Turk Ekonomi Bankasi
The European Bank for Reconstruction and Development (EBRD) is supporting exporters and importers in Turkey by providing US$ 50 million…
Foreign investment into Saudi Arabia up 13%
Direct foreign investment into Saudi Arabia rose by about 13% in the first quarter of this year, Saudi Investment Minister…
Bank report suggests big surge in UAE female investors
The world of investing tends to be dominated by men, with only a few women taking the risk to venture…
How climate-focused are sovereign funds?
Risks don't come much longer term than climate change, so you might expect sovereign wealth funds (SWFs) to be all…
Central bank digital currencies face uphill battle to win over crypto fans
As central banks look increasingly serious about launching their own digital currencies, the challenges they face are also coming into…
Matrix launches first Abu Dhabi-regulated virtual assets trading platform
Matrix, a virtual assets trading platform serving investors around the world, launches as the first regulated virtual asset Multilateral Trading…
Top 10 UAE banks record healthy Q2 rebound
The top ten UAE banks recorded a healthy rebound in profitability and balance sheet metrics in the second quarter with…
Saudi Arabia: 95 bank branches close in last year
Saudi banks closed 95 branches in various regions of the Kingdom in the last year, according to Saudi Central Bank.…