Competition intensifies as Kuwait bankers eye additional ‘high-cost’ deposits
Local banks have finally started a new round to attract an additional amount of high-cost deposits, however, to upset the…
Hedge Funds & Alternative Investments
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Shuaa Capital launches three funds amid growing investor demand
Dubai investment banking and asset management firm Shuaa Capital has set up three Sharia-compliant funds in the Abu Dhabi Global…
MBME Group leverages modern solutions to lead MENA’s payment solutions market which is growing by 14.8%
MBME Group, has reported that businesses can grow by 14.8 per cent by integrating modern, secure, and prompt payment solutions.…
Saudi Arabia on course to reverse debt burden: Moody’s
Saudi Arabia looks set to reverse most of the 2020 increase in its debt burden over the next several years…
Saudi, Kuwait bourses sign deal to boost capital markets
The Saudi Stock Exchange (Tadawul) and Boursa Kuwait have signed a deal to boost their capital markets and collaborate in…
UAE economy experiencing sustained momentum in 2022: OPEC
The UAE economy has experienced sustained momentum in 2022, boosted by Expo 2020 and the easing of COVID-19 restrictions, according…
GCC external assets to hit $6tn if oil averages $120 a barrel in next five years
A steep rise in oil revenue is set to drive up the aggregate external assets of oil-rich Gulf states to…
Saudi’s PIF acquires up to 9.5% stake in wind farm operator Skyborn
Saudi Arabia’s Public Investment Fund has acquired a stake of up to 9.5% in offshore wind energy company Skyborn Renewables.…
Dubai: November ‘one of the strongest’ months for new jobs since early 2020
Businesses in Dubai recorded further gains in November, helped by the bounce provided by the start of the FIFA World…
Al Kawthar Leasing Company selects ICS BANKS Islamic Finance Leasing Software
Al Kawthar Leasing Company – a private shareholding company owned by Arab Jordan Investment Bank – AJIB, selected ICS BANKS…
EBRD, Bank al Etihad support growth of small and women-led businesses in Jordan
The financing package consists of up to $25mln The European Bank for Reconstruction and Development is providing Bank al…
Saudi wealth fund, BlackRock to jointly explore Mideast infrastructure projects
Saudi Arabia's sovereign wealth fund and BlackRock have signed an agreement to jointly explore infrastructure projects in the Middle East,…