Human Development Report: UAE Ranks Number One In Arab World
The UAE advanced by four positions in the Human Development Index topping the list of countries in the Arab world…
Hedge Funds & Alternative Investments
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How will Banks in the GCC perform in 2021?
Next year may prove more challenging for banks in the UAE, as their asset quality and profitability are forecast to…
UAE billionaire Hussain Sajwani, family still own over 85% of firm, DAMAC clarifies
Dubai’s real estate developer DAMAC Properties clarified on Wednesday that only a small portion of the company’s shares are owned…
Natixis sees more deals coming from Gulf states monetising oil assets
Natixis expects oil-rich Gulf states to accelerate privatisations, including by extracting revenue from oil assets, with Saudi Arabia and possibly…
UAE's TruKKer gets $10mln funding from US-based Partners for Growth
UAE-based on-demand truck aggregator, TruKKer, has raised $10 million (AED 36.7 million) from San Francisco-based specialty lending firm, Partners for…
Dubai's Arabtec starts process for insolvent liquidation
Dubai builder Arabtec has started the liquidation process that will see the construction firm cease operations after several decades in…
UAE-Israeli partnership agrees deal to buy Finablr
A business group linked to a former Israeli prime minister has finalised a deal to buy Finablr, the scandal-hit payments…
Cabinet approves draft law on commercial companies
Prime Minister and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired yesterday the cabinet’s…
Economic outlook improves; UAE, Bahrain to get a boost from COVID-19 vaccine rollout
Middle East economies are slowly recovering from the COVID-19 crisis, but it will take about two years before it can…
Business community welcomes 2021 spending plans
Headed by King Salman, Saudi Arabia’s Council of Ministers on Tuesday approved the Kingdom’s general budget for 2021. It includes…
Trade Insurance to Cover Japanese Bank Loans to Saudi Arabia
The Japanese government will give trade insurance coverage to loans extended by Japanese banks to Saudi Arabia's government, officials confirmed…
Saudi Arabia to supply more housing units to support needy families in 2021, says finance ministry
The Kingdom’s housing targets for 2021 include continuing to pump more units from off-plan sales to the beneficiaries of Sakani…