28-year sentence for Saudis and expats in a $182 million corruption case
Two Saudi citizens have been sentenced to 28 years in jail and fined up to $3.47 million after an investigation…
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Saudi banks thriving on back of govt reforms: KPMG
Backed by government reforms, halt in credit losses, stable liquidity, stronger CAR, and transformational changes, Saudi Arabia’s banks are heralding…
Dubai's Grubtech secures $3.4mln pre-Series A funding
Dubai-based Grubtech, a software as a service (SaaS) platform for cloud kitchens and delivery-centric restaurants, has secured $3.4 million pre–Series…
The 25 most noteworthy innovations in UAE's government sector
In the largest exercise of its kind to date, the Mohammed Bin Rashid Centre for Government Innovation and Sia Partners…
KPMG shares best practices for navigating financial distress
In a bid to support GCC leaders in financial distress or facing its prospect, experts at KPMG recently hosted a…
Qatar streamlines listing, foreign ownership norms to bolster corporate governance: S&P
Qatar has enhanced its corporate governance, including the listing standards and foreign ownership rules, in the recent past; even as…
UAE leads Middle East’s digital wallet revolution
UNWIELDY wads of cash gave way to plastic money decades ago. Now cash and plastic are passé, and digital wallets…
Succession planning in the Middle East
While Middle Eastern nations hold traditions close to heart, there are increasingly new considerations influencing how (U)HNW families and their…
Saudi investment fund assets rise 26% to $117bn in 2020
The total amount of assets held by investment funds in Saudi Arabia increased by 26 percent year-on-year to SR442 billion…
Will Gulf banks suffer from ‘long-COVID?’
Gulf banks are expected to experience a long lasting impact from the pandemic as asset quality deteriorates, Moody’s said. …
UAE-GCC states trade exchange at $62bln in 2019
The trade exchanges between the UAE and GCC states amounted to around AED229 bn in 2019, a 4 percent growth…
Qatar, China sign protocol amending pact for avoidance of double taxation
Qatar and People’s Republic of China has signed the protocol amending the agreement for the avoidance of double taxation and…