World Bank revises UAE GDP growth to 2.4% in 2022
The UAE economy’s contraction in 2020 was due to the disrupted engines of growth. The World Bank has revised…
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Bank deal creates second-largest lender in Qatar
Qatar’s Masraf Al Rayan and Al Khalij Commercial Bank have agreed to join forces in a deal that will create…
Turkish banking watchdog working on revision of market manipulation regulations, sources say
Turkey’s Banking Regulation and Supervision Agency (BDDK) is working on a revision of last year’s market manipulation guidelines to increase…
Enel teams up with Qatar wealth fund on Africa green energy projects
Italy's biggest utility Enel has signed a deal with the Qatar Investment Authority to develop renewable energy projects in Sub-Saharan…
Dubai Fintech Hub Partners With Israel
In late November, Dubai-based DIFC FinTech Hive—the biggest financial-innovation hub in the Middle East—signed a milestone agreement with Israel’s Fintech-Aviv.…
BCG and MIT call for more focus on holistic AI strategies in MENA
The Middle East is facing an artificial intelligence (AI) gap. While the intention to invest in artificial intelligence is strong,…
AxiomSL partners with Carlyle Square Consultancy in Saudi Arabia
Saudi Arabia based professional services firm Carlyle Square Consultancy has entered into a partnership with AxiomSL, a global provider of…
Negative outlook for GCC sovereigns as recovery could take up to 3 years – Moody's
It will take two to three years for real, inflation-adjusted GDP in GCC sovereigns to return to pre-pandemic levels, Moody’s…
Clifford Chance advises Aldar Properties
The leading UAE listed property developer purchased a 100% stake in Saadiyat District Cooling LLC and an 85% stake in…
Dubai raises total value of economic incentives to AED7.1 billion
Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed…
DMCC's Dubai Diamond Exchange to host six diamond tenders in January 2021
Dubai is the global diamond hub of choice for industry tenders December 2020 saw record breaking tender with largest ever…
Dubai Financial Market attracts 400 new investors in 2020
The Dubai Financial Market has welcomed 400 new investors via approved brokerage companies in 2020, a rise of 4.6% on…