Top banks set climate targets for loans and investments
HSBC Holdings Plc, Societe Generale SA, BNP Paribas SA and other banks, insurance companies and financial firms around the world…
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Oracle building major cloud data centres in the UAE, Saudi Arabia
Digital transformation has been a buzzword in the GCC for some years now. And while most regional governments have been…
GFH intends to expand its investments in Saudi Arabia
Hisham Al Rayes, CEO and member of the Board of Directors, revealed to the group GFH FinancialThe group intends to…
UAE companies required to keep beneficial ownership register
The United Arab Emirates has introduced new rules that require companies based in the UAE mainland and commercial free zones…
UAE clarifies scope and application of economic substance regulations
The United Arab Emirates government has made amendments to its Economic Substance Regulations, clarifying to whom the regulations apply and…
UAE companies required to keep beneficial ownership register
The United Arab Emirates has introduced new rules that require companies based in the UAE mainland and commercial free zones…
Egypt loans national carrier EgyptAir $191m to finance external debt
Egypt has approved a financing request of EGP 3 billion (about $191 million) by national carrier EgyptAir to be used…
Saudi Arabia looks to cut spending in bid to shrink deficit
Saudi Arabia plans to reduce spending next year by about 7.5 percent to SR990 billion ($263.9 billion) as it seeks…
Farnek appoints Aburok to drive business growth strategy
Farnek has appointed Khaldun Aburok as director of business development. Aburok’s previous experience in business development includes a senior…
Qalaa Holdings records significant 105% y-o-y top-line growth in 2Q 2020 to EGP 7.4 bn and 148% on a six-month basis
Strong resilience and operational efficiency of diversified portfolio supported solid performance and EBITDA increase of 17% to EGP 325.6 million…
GFH holds Ordinary General meeting of shareholders
GFH Financial Group has announced the successful conclusion of its Ordinary General Meeting , which was held with the live…
Mubadala announces long term investment partnership with Silver Lake
Abu Dhabi’s Mubadala has entered into a long-term investment strategy with US based technology investment firm Silver Lake, with the…