Saudi Sovereign Wealth Fund finalises terms on $10b loan
Saudi Arabia’s sovereign wealth fund finalised the terms of a $10 billion (Dh36.7 billion) loan it’s seeking to raise from…
Comment & Analysis
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Portfolio investments to dominate inflows into Saudi
A steady flow of Eurobond issuance by Saudi Arabia, portfolio investments will be the main driver of foreign inflows to…
MENA fund managers to boost Egypt, UAE investments, still bearish on Saudi: Reuters poll
Middle Eastern funds plan to increase their investments in Egypt and UAE and decrease allocations in Saudi Arabia, while keeping…
UAE banks ahead of regional peers in digital transformation
Mufazzal Kajiji, Head of Retail Banking at Noor Bank in Dubai, says banks should partner with fintechs to improve client…
Investors hail Egypt’s economic turnaround: Financial Times
In an article reviewing the Egyptian economic situation, Financial Times wrote about how Egypt turned to be the economic safe…
FAB shares surge with Abu Dhabi index after index rebalancing
First Abu Dhabi Bank shares surged on Tuesday after the MSCI rebalancing as domestic traders bought in the stock, triggering…
UAE Central Bank assets rises to Dh2,975.8 billion
The UAE Central Bank has announced that gross bank assets, including bankers’ acceptances, rose by 0.6 per cent, climbing from…
Dubai ranked seventh in the world’s top FinTech Locations of the Future
Dubai has been recognised as the seventh FinTech location globally for economic potential, highlighting Dubai’s efforts to support and expedite…
Growing role of FinTech in the Middle East
For the region to produce unicorns, the FinTech companies will need to focus on organic and inorganic growth strategies …
UAE medical tourism worth USD 3.2 billion in 2018
Medical tourism sales in the UAE increased 5.5% year-over-year to reach AED 12.1 billion (USD 3.2 billion) in 2018 with…
Central bank governor: Global monetary divergence challenging for Israel
The divergence in economic developments among leading economies is especially challenging for Israel and other small economies with major trading…
Smaller M&A deals the way forward in GCC region-UBS
There will be no more of the elephant-sized deals in the Gulf’s mergers and acquisition market — but the time…