Bahrain-based Inovest issues financial results
Inovest has reported consolidated net loss attributable to the parent shareholders of $1.60 million for the three months ended June…
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Eshraq Investments improves net profit by 167.25%, returning to strong growth and profitability
The company generated AED 15.36 million in investment income in the first six months of the year, thanks to its…
Dubai crypto platform BitOasis sees over $1.5bn trading in H1
BitOasis, the Dubai-based cryptocurrency platform, has delivered trading volumes exceeding $1.5 billion in the first half of 2021. BitOasis…
The Arab Monetary Fund extends a new compensatory loan to the Republic of Tunisia
The Arab Monetary Fund is keen to support the efforts of its member countries to implement economic, financial and structural reforms,…
Wiley, PwC’s Academy Middle East expand partnership to help finance professionals
Wiley, a global leader in research and education, and PwC’s Academy Middle East, the talent and skills development business of…
SPACs are rising: 35 deals worth over $100bln announced in July
In a clear indication that Special Purpose Acquisition Companies (SPACs) is a trend that is gathering steam, 35 SPAC combinations…
Dubai Investments H1 profits surge by 47%
Dubai Investments on Thursday reported a 47 percent surge in net profits to AED302 million for the six months ended…
Egypt's central bank keeps key interest rates unchanged – statement
Egypt's central bank kept its key interest rates unchanged during its monetary policy committee (MPC) meeting on Thursday, the bank…
UAE 'Ultimate Beneficial Owner' rule: Businesses pay Dh15,000 fines for non-compliance and there could be more
More Dubai businesses are finding that what should be a routine process costing them Dh15 to complete is resulting in…
UAE’s Payit partners with Platx for WhatsApp payments in the region
Payit, the UAE’s digital wallet, powered by First Abu Dhabi Bank (FAB), has partnered with Platx omni channel conversational commerce,…
UAE's baraka secures regulatory approval for online trading
Zero-commission investment platform baraka secured regulatory approval from the Dubai Financial Services Authority to operate in the UAE as it…
Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation
These past few years have seen the emergence of buy now, pay later services worldwide, with leading players raising buttloads…