Praemium doubles down on Dubai
Managed accounts platform Praemium is set to increase headcount in the UAE by 50%. The Australia-headquartered firm is growing…
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Surge in high net worth Gulf nationals in the UK
High net worth individuals from Gulf countries have been increasingly moving to the UK, according to private wealth law firm…
Mashreq Bank's nine-month 2020 net profit down to Dh352m from Dh1.76b
Mashreq Bank saw a sharp drop in net profit for the first nine months of 2020 to total Dh352 million,…
Oliver Elirani and April Lincoln launch consulting firm Ollen Group
A “siloed, non-personalised” approach to consulting is “no longer viable” in the wake of Covid-19, according to the founders of…
Mubadala Leads $700 Million Funding for US Start-Up
Abu Dhabi's Mubadala Investment Company has led a $700 million funding round for Reef Technology, a US-based mobility, logistics and…
Egypt expects 3.3% economic growth in 2020/21 fiscal year
Egypt expects its economy to grow by 3.3% in the financial year that began in July, but growth could range…
ila Bank launches a travel campaign
ila Bank, Bahrain’s fast growing digital, mobile – only bank, has launched a travel campaign for its user community. …
Kuwait bourse gains in early trade, other Gulf markets firm
Kuwait's stock market registered moderate gains early on Monday as investors awaited results from global index provider MSCI's semi-annual review…
Bahrain Amends Law to Help Startups Raise Capital
Startups and scale-ups in Bahrain are set to benefit from a funding boost following the launch of two new schemes…
UAE stays senators’ favourite spot for investment
The United Arab Emirates continues to be the favourite foreign destination of lawmakers for investment in business and properties, as…
Adyen to expand into the Middle East, opens Dubai office
Adyen has announced that it will expand its offering to the Middle East. Supporting the momentum of innovation and diversification…
Global sukuk issuance to decline slightly in 2020, says Moody's
Global issuance of sukuk, or Islamic bonds, is expected to decline modestly in 2020 after four years of consecutive growth,…