Saudi bank allocates $200mln to finance Tunisian imports of Saudi oil derivatives
The Saudi Export and Import Bank has allocated $200 mln to finance Tunisian imports of Saudi oil derivatives, the Economy…
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GCC consumer sentiment remains relatively unaffected by global agitators, says new D/A report
According to the latest research by leading consumer intelligence platform, D/A, owners of Sila, an Arabic-native, AI-enabled consumer intelligence platform,…
Emergency liquidity available for Egyptian banks
Egyptian banks will have access to a new stream of emergency cash, after the country’s Central Bank signed off on…
UAE economy shifts course from recovery to solid growth
For nearly two years, the UAE economy has been cautiously charting its course through a massive global economic turbulence caused…
United Arab Bank implements Complete Data Protection
Commvault, a recognised global enterprise software leader in the management of data across cloud and on-premise environments, has been selected…
Saudi fintech investment jumps as regulators set 2021 landscape: Year in Review
Saudi Arabia saw a significant jump in venture capital investments in the financial technology sector, hitting 16 deals in the…
Dubai Free Zones Council explores facilitating opening business bank accounts for SMEs
The Dubai Free Zones Council (DFZ Council) held its 19th meeting, headed by H.H. Sheikh Ahmed bin Saeed Al Maktoum,…
Chimera Capital LLC launches Shariah-compliant exchange traded fund tracking the S&P Saudi Arabia Shariah Index
Chimera Capital LLC has announced the launch of its Chimera S&P KSA Shariah Compliant Exchange Traded Fund (Bloomberg: CHSASHIN), a…
Abu Dhabi Securities Exchange selects FTSE Russell as benchmark administrator for domestic indices
FTSE Russell has announced that it will begin providing daily index calculations on the Abu Dhabi Securities Exchange (ADX) General…
Kuwait Sovereign Wealth Fund continues third highest
According to an announcement made by The International Institute for Global Sovereign Funds, Kuwait’s sovereign wealth fund has retained the…
Bahrain’s Al Waha Fund of Funds to invest in Mubadala-backed FinTech fund
Bahrain’s Al Waha Fund of Funds is investing in a FinTech-focused fund in the Middle East and North Africa region…
Dubai property prices could rise by 6% in 2022 – experts
Residential property prices in Dubai are expected to continue to grow in 2022, supported by Expo 2020 as well as…