Kuwaiti accomplice of Malaysia fugitive in 1MBD scandal is founder of New York firm
A young Kuwaiti man, the partner of the fugitive Malaysian financier Jho Low and prime suspect in the Malaysian Fund…
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Banking sector to see upward trajectory in H2
The banking sector in the UAE is expected to show economic recovery in the second half of this year, the…
Outlook: Non-performing loans will hinder MENA banks' recovery
COVID-19 has hit economies in the Middle East and North Africa (MENA) hard over the past few months, and although…
Path Solutions tops IBS Islamic Sales League Table 2020
Kuwait-based Path Solutions, a global banking software provider, was announced by IBS Intelligence as the leader in the Islamic financial…
Dubai’s Al-Habtoor Group planning major investment in Hungary, other central European countries
Al-Habtoor Group is planning a major investment move in Hungary and several other central European countries, a source close to…
Acumennet eFX launched for full management of Foreign Exchange Risk at Treasury Operations
Profile Software has announced the launch of the Acumennet eFX solution, which is uniquely designed to support banks’ agents, branches,…
Saudi fund launches $1bn pandemic stimulus plan to help industry
The Saudi Industrial Development Fund has launched a SR3.7 billion ($1 billion) stimulus plan to support industrial projects affected by…
IMF gloom deepens over global outlook
The International Monetary Fund will likely forecast a worse contraction in the global economy than previously estimated for 2020 and…
Egypt looking to raise over $1bln loan, taps UAE banks – sources
The Egyptian government is looking to raise a loan of more than $1 billion and has tapped lenders in the…
UAE becomes largest FDI recipient in the Middle East
Foreign direct investment inflow into the UAE jumped over 34 per cent to $14 billion (Dh51.4 billion) in 2019 as…
Lebanon struggles to take first steps out of deep financial crisis
Lebanon is struggling to take the first steps out of a deep financial crisis, with hopes of reforms getting under…
Qatar’s FDI inward stock exceeds $31bn in 2019: UNCTAD
Qatar's foreign direct investment inward stock exceeded $31bn in 2019, according to the latest "World Investment Report 2020" by United…