Alvarez & Marsal to administrate NMC Healthcare in UAE
Alvarez & Marsal’s involvement in the NMC Healthcare case continues, as the firm is handed administration responsibilities for 36 of…
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Dubai's top court dismisses tycoon's $115m damages claim for superyacht
Dubai's highest court has dismissed a $115 million damages claim filed as part of a high-profile and costly divorce case…
Ambani sells over $750 million Reliance Retail stake to Abu Dhabi Investment Authority
Abu Dhabi Investment Authority, which invested $750 million in Indian telecom giant Jio Platforms in June this year, has returned…
QIB named ‘Best Bank for SMEs in Qatar’ at Asiamoney Best Bank Awards 2020
Qatar Islamic Bank (QIB) has announced its recognition as ‘The Best Bank for SMEs in Qatar’ at the Asiamoney Middle…
GCC banks to see a wave of mergers amid pandemic-driven economic slowdown, Moody's says
Banks in the Gulf region will increase merger and acquisition activity as they look to gain scale to offset the…
How banks and insurers in Saudi Arabia are faring during Covid
While Covid-19 has understandably had a significant impact on Saudi Arabia’s financial services industry, the banking and insurance sectors have…
Emirates NBD launches digital Supply Chain Financing platform
As part of its ongoing digitisation strategy, Emirates NBD, a leading bank in the MENAT (Middle East, North and Turkey)…
EBRD’s investments in Turkey to reach $1.7 billion this year
European Bank for Reconstruction and Development Vice President Jürgen Rigterink said Tuesday that the bank’s investments in Turkey are expected…
NBK Announces the Retirement of Its Group CFO
Al-Sager: Jim’s exceptional leadership and extensive financial expertise have been of tremendous value to NBK over the years Murphy: My…
MSMEDA, Banque Misr sign EGP 500m worth microfinance contract
The Micro, Small and Medium Enterprises Development Agency and Banque Misr have signed a microfinance contract of EGP 500m to…
Egypt’s banks brace for change
As Gulf banks grapple with squeezed margins, low interest rates and over-banking, Egypt offers the opposite: high interest rates, low…
Regulator orders IFS Qatar to close to new business
International Financial Services (Qatar) has been prohibited from “conducting business or providing services to any new customer”, effective immediately from…