Mubadala announces long term investment partnership with Silver Lake
Abu Dhabi’s Mubadala has entered into a long-term investment strategy with US based technology investment firm Silver Lake, with the…
Comment & Analysis
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UAE construction industry on edge as Arabtec eyes 'liquidation
Pressure on the UAE’s construction sector is increasing by the day, with banks now tightening up project-related financing over the…
Egypt: fintech, e-commerce and telehealth secures top funding in Q3
After several months of COVID-19-related economic uncertainty, investors seem to be embracing the new normal in Q3 by resuming the…
Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws
Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East…
DeVere reports surge in demand for money apps amid environmental and Brexit fears
Growing demand for green, paperless banking and fears over post-Brexit rule changes have triggered a "monumental surge" in enquiries for…
What a cashless society will look like
The Covid-19 pandemic has spurred the rapid adoption of digital payments worldwide to meet soaring demand for contactless transactions and…
Gulf financial resilience to help ‘difficult’ recovery
The Gulf region is expected to face a difficult recovery from the economic shock of the coronavirus disease (COVID-19) pandemic,…
Bringing the money back home
Contradicting previous expectations, Egyptian expatriate remittances from abroad recorded an increase of $3.3 billion in the first nine months of…
Saudi Arabia strengthens position as world’s largest Islamic finance market
Islamic financing in Saudi Arabia will reach around 80 percent of system-wide loans in the next 12-18 months according to…
Turkish lira slides to record low amid Armenian tensions
The Turkish lira hit a record low on Monday amid growing concerns around clashes between Armenian and Azeri forces, while…
UAE still among most preferred destinations for ultra-wealthy
Although the UAE could see an exodus of millionaires due to the coronavirus pandemic this year, the country will continue…
Credit Suisse to cut jobs in Gulf in wealth management overhaul
Credit Suisse Group is laying off about 20 people in the Middle East as it restructures wealth management activities in…