UAE telecom giants Etisalat, Du increase foreign ownership limit to 49%
UAE's telecom giants Etisalat and Du have raised foreign ownership caps to 49 percent in a move to attract external…
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New fintech firm launches Dubai banking services targeting SMEs
A new fintech firm targeting small and medium-sized enterprises (SMEs) in the region has launched in Dubai. SH Capital…
ENBD marks listing of $750m bond at Nasdaq Dubai
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD (ENBD), rang the market-opening bell at Nasdaq Dubai…
Indonesia campaign helps SMEs enter Saudi market
Indonesia has launched a campaign to help small firms in the country compete for millions of dollars-worth of food trade…
Abu Dhabi market leads broader gains
Stock markets in the Gulf ended higher on Monday, with the Abu Dhabi index marking its best session in more…
Menacorp ranks No.1 in DFM list of top stock brokerage firms for the decade
Menacorp has been ranked Number 1 in Dubai Financial Market’s list of top stock brokerage firms in terms of market…
Bank ABC enters agreement to acquire Blom Bank Egypt
Arab Banking Corporation has announce that it has entered into an agreement with Blom Bank S.A.L. on Friday 15 January…
Bank ABC acquires Blom Bank Egypt for $480 million – sources
Bahrain’s Bank ABC completed its purchase of the Egyptian subsidiary of Lebanon’s Blom Bank for $480 million on Thursday, two…
Egypt to get $1.1bln from ITFC to fund commodities imports in 2021
Egypt will get funding of $1.1 billion from the International Islamic Trade Finance Corporation to finance imports of petroleum and…
Bahrain, US sign deal to establish commercial zone
The Bahraini Ministry of Industry, Commerce, and Tourism and the US Department of Commerce on Tuesday signed a memorandum of…
GTA, QFBA sign deal for specialised training
The General Tax Authority and the Qatar Finance and Business Academy signed an agreement yesterday under which QFBA would provide…
First Abu Dhabi Bank is once again tapping Formosa bond market for 1.5b yuan
Abu Dhabi's mega-bank is turning its attention to the Far East once again. First Abu Dhabi Bank has come up…