Faisal Bank of Egypt’s business volume rises
The business volume of Faisal Islamic Bank of Egypt (FAIT) levelled up 11.2% Year on Year (YoY) to EGP 120.454…
Hedge Funds & Alternative Investments
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NBK-Egypt launches new corporate banking solution
The NBK was founded in 1952 as the first indigenous bank and the first joint-stock company in Kuwait and the…
Dubai-based Oman Insurance gets 'positive' rating from S&P
Dubai-based Oman Insurance (OIC) has gained a "positive" outlook rating from S&P following a positive performance. The rating could…
Emirates NBD and Etihad Credit Insurance sign agreement to ease bank's businesses access to trade finance
Etihad Credit Insurance (ECI), the UAE Federal export credit company, and Emirates NBD have signed an agreement that will improve…
IMF calls for "strong" fiscal consolidation in Kuwait
The International Monetary Fund said on Thursday Kuwait would need strong fiscal consolidation to support growth after its finances were…
More than QR783m volume of real estate transactions during past week
The volume of real estate transactions in sales contracts registered within the Real Estate Registration Department at the Ministry of…
Saudi Arabia based Fintech Prexle Secures $670K via Seed Round, Company Offers Cloud based POS Services
Saudi Arabia-based Cloud-enabled Point-Of-Sale startup Prexle has reportedly finalized its seed funding round which is valued at 2.5 million Saudi…
Nigeria joins Middle East’s Digital Cooperation Organization at first meeting
Nigeria and Oman have joined the Digital Cooperation Organization (DCO) at its first meeting in Riyadh this week, joining Bahrain,…
UAE: Unbundling how much money goes into launching a business in Dubai
The costs that go into establishing and registering a business in Dubai vary a lot depending on the type of…
G20’s missed opportunity
This month, G20 finance ministers agreed to a proposal to issue $650 billion worth of the International Monetary Fund’s reserve…
Qatar shares outperform as cap on foreign ownership removed
Major Gulf stock markets registered sharp gains on Thursday, boosted by financials, with Qatar outperforming the region after it approved…
Abu Dhabi based LuLu Financial Holdings appoints former ADGM FSRA CEO to its Board of Directors
LuLu Financial Holdings has announced the appointment of Richard Teng, former CEO of Financial Services Regulatory Authority at Abu Dhabi…