Top UAE banks face ‘sizeable’ surge in NPLs
Net income of the top 10 UAE listed banks declined by 3.0 per cent in the third quarter of 2020…
Hedge Funds & Alternative Investments
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Dubai’s International Financial Centre signs agreement with Israel’s Bank Hapoalim
Dubai International Financial Centre (DIFC) signed an agreement with one of Israel’s biggest banks, Dubai Media Office announced on Saturday.…
Bahrain economy ‘expected to recover in 2021’: S&P
Bahrain’s economy is expected to recover moderately in 2021, with real GDP expanding by 3.5 per cent, says the latest…
SAMA’s miscellaneous assets soar 3,344% in a year
The Saudi Arabian Monetary Authority (SAMA) recorded a huge jump in its assets, classified as miscellaneous assets, by 3,344 percent,…
Turkey's new central banker aggressively raises key rate
There is skepticism over how long Turkey's central bank will be free to act since President Recep Tayyip Erdogan believes…
EBRD, EU help improve telecommunications services in Jordan
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing a financial package of up…
The Arab Coordination Group Approves US$ 8.6 Billion to Help Countries Tackle the Economic Impact of COVID-19 Pandemic
The Arab Coordination Group (ACG) comprising of Arab Financial Development Institutions has approved/committed US$8.6 billion financing for developing countries to…
EIB provided €1.7B funding to support Egyptian SMEs
The European Investment Bank (EIB) has provided funding of €1.7 billion since January 2020, to support Small and Medium-Sized Enterprises…
Saudi fund raises ownership stake in ACWA Power to 50%
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, said on Thursday it has increased its stake in ACWA Power…
Saudi MoJ expands e-conveyance of property to cover additional banks
Saudi Arabia's Ministry of Justice (MoJ) has expanded e-conveyance of property to cover Alinma and Al Rajhi banks in addition…
Aldar launches Noya on Yas island
AED 940 million development open to all nationalities Sales kick off on November 22 Aldar Properties has announced the launch…
Saudi Aramco targeted by climate action investor group
Climate Action 100+, a leading investor group pushing corporations to act on climate change, has added Saudi Aramco to its…