CEO at UAE's construction giant Arabtec makes an exit
The UAE's biggest construction company, Arabtec, has let go of its CEO - Wail Farsakh. The company is currently in…
Hedge Funds & Alternative Investments
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Job loss protection schemes being dropped by some UAE insurers, credit card issuers
Insurers, especially those offering life cover, and credit card issuers in the UAE are slowly dropping the ‘job loss protection’…
Unlocking the potential of Industry 4.0's predictive maintenance
For asset intensive organisations, predictive maintenance is regarded as one of the top opportunities and hence priorities and for the…
Middle East economies will reach 2019 GDP level in 2022: IMF
The Middle East region will lag the other regions with most of the countries not recovering to their 2019 GDP…
Turkey wealth fund ready to spend after year of M&A
Turkey’s sovereign wealth fund plans to invest $15bn in industries including energy, petrochemicals and gold mining as part of a…
Banque Misr keeps monthly return on saving certificates at 11%
The Assets and Liabilities Committee (ALCO) at Banque Misr decided on Thursday to keep the interest rate or return on…
TCS takes full control of all-women BPO center in Riyadh
TCS and GE jointly established an all-women business services centre in Riyadh back in 2013 – aimed at promoting workforce…
Saudi, UAE, and GCC banks facing major pressures in 2021
Here below are sourced financial reports analyzing Saudi, UAE, and GCC banking’s performances in 2020 and what’s expected for 2021…
EBRD, DEG and GEF promote private-to-private solar energy in Jordan with Yellow Door Energy
EBRD, DEG and GEF lend Yellow Door Energy a total of US$ 31.2 million senior secured loans for the development,…
UAE’s Sky Abu Dhabi plans $950m Egypt investment in next two years
Sky Abu Dhabi, the real estate subsidiary of the UAE-based Emirati Diamond Group, will invest 15 billion Egyptian pounds ($950…
UAE sees increase in hiring levels for first time in a year
The UAE has experienced an uptick in employment levels for the first time in a year, according to the latest…
Kuwait taps wealth fund as cash dries up
Kuwait’s government has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash…