The $259bn question: Saudi Arabia's 2019 budget under the microscope
Saudi Arabia’s 2019 budget is undoubtedly ambitious — but is it realistic? That was a key question being asked on…
Trading, Broking & Stock Exchanges
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Nasdaq Dubai to Launch Futures on MSCI Index in January
Nasdaq Dubai plans to start futures trading on the MSCI United Arab Emirates equity index next month. This opens…
Moody's upgrades ratings of three Bahraini retail banks
Moody's Investors Service has affirmed the long-term deposit and issuer ratings of four retail banks it rates in Bahrain, as…
Indosuez Wealth Management expects Egypt’s inflation to slightly slow down by beginning of 2019
Indosuez Wealth Management announced in its latest report that it expects Egypt’s headline inflation to slightly slow down by beginning…
Dubai sovereign wealth fund records 23% uptick in first half revenue
The Investment Corporation of Dubai, the emirate’s sovereign wealth fund, reported a 23.4 per cent increase in first half revenue…
Kuwaiti official says digital economy key to sustained development
The concept of a digital economy forms an integral component of sustained development goals in the wider Arab region, said…
Central Bank of Egypt (CBE) to Explore Digital Currency Issuance Options
Banks all over the world are interested in creating cryptos. Now, the central bank of Egypt has decided to start…
Ripple to Launch Blockchain Remittances to Asia with Major UAE Exchange
Ripple recently announced about a new partnership with United Arab Emirates-based UAE Exchange platform. According to the announcement, passed…
NBK Capital to be coordinator of largest bond issue in Kuwait for Burgan Bank
Faisal Al-Hamad said that the company has a new strategy for the next three years. It follows the needs…
Barclays expands ethical investment options for Gulf clients
Barclays has announced the launch of its two licensed Stoxx ESG (Environmental, Social and Governance) indices in the Middle East.…
Trade Bank of Iraq looking to acquire a Turkish lender
State-owned Trade Bank of Iraq, which has about $20 billion (Dh73.46bn) in assets and focuses on trade finance, is looking…
Kuwait allows limitless foreign trade, ownership in bank shares
The Kuwaiti Ministry of Commerce and Industry announced that foreign investors will be allowed to own and trade in bank…