Tech Mahindra to expand in Gulf; localisation focus
The Middle East is at the cusp of digital transformation and the region is very critical to the growth of…
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UK, Europe to prosper after Brexit divorce, top banker tells Saudi summit
The United Kingdom will recover from challenges associated with leaving the European Union and prosper after Brexit, according to Thomas…
EBRD shareholders approve membership of UAE
EBRD shareholders agree to UAE becoming a member of the Bank Request for membership made in 2020 Membership will open…
Al Khaliji's merger with Masraf Al Rayan neutral to IDRs
Fitch Ratings expects has recently announced merger of Al Khalij Commercial Bank with Masraf Al Rayan to be neutral to…
Saudi fintech startup secures $1.2m seed funding
A Saudi financial technology company has raised $1.2 million in seed funding. Hakbah’s success comes six months after the…
Saudi Arabia raises $5.5bln via dual-tranche bonds
Saudi Arabia launched $5.5 billion in a dual-tranche bond sale on Tuesday with tenors of 12 and 40 years, a…
Egypt inflation hits 15-year low
Egypt’s inflation rate of 5 percent in 2020 was its lowest for 15 years, according to a Cabinet report, which…
Riyadh investment forum sends ‘message of optimism’ with global linkup
Olympic medalists, political leaders, Nobel laureates and global CEOs are among speakers due to take part in the fourth edition…
Egypt using development finance to boost private sector: minister
Egypt will push development financing as a way to expand private sector engagement, leveraging support obtained during the coronavirus pandemic,…
Emirates NBD Announces Full Year 2020 Results
Total income of AED 23.2 billion improved 4% y-o-y Total Assets up 2% y-o-y to AED 698 billion Operating Profit…
Clyde & Co brings its forensics advisory arm to the Middle East
Global law firm Clyde & Co has brought its forensics and investigations advisory capability to the Middle East. Leading the…
Predictions and trends impacting finance and banking in 2021
COVID-19 has certainly helped catalyze a move towards digitization. Banking and finance stand to reap benefits in 2021 The UAE…