Dubai developer Nakheel appoints new CEO
Dubai-based developer Nakheel has appointed Naaman Atallah as its chief executive officer. Atallah, who was most recently working as…
Hedge Funds & Alternative Investments
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QDB concludes 1st virtual edition of Qatar Entrepreneurship Conference
Qatar Development Bank has concluded the activities of the Global Entrepreneurship Week in Qatar and the first virtual edition of…
Mubadala joins One Planet Sovereign Wealth Funds
Mubadala Investment Company said it has officially become a member of the One Planet Sovereign Wealth Funds (OPSWF) initiative, an…
UAE Investment platform Sarwa launches new product offerings through SARWA X
Sarwa, the region’s first investment platform has seen exponential growth since their founding in 2017. They started with a pretty…
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…
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…