UAE stimulus to help SMEs, says Abdulla Al Saleh
Government officials and business leaders on Wednesday discussed the impact of Covid-19 and doing business in a new environment. …
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Dubai startup Invygo raises $1m in funding
Dubai’s app-based car subscription company Invygo has raised $1m in funding to accelerate its expansion plans across the Middle East.…
UAE to review government structure, size in post-coronavirus strategy – statement
The United Arab Emirates will review the structure and size of its government as part of its strategy for dealing…
Sheikh Mohammed grants 10-year Gold Card visas to Dubai doctors battling Covid-19
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has decided…
Lebanon’s Banks Hire New Adviser in Fight for Survival
Lebanon’s banking lobby hired Global Sovereign Advisory to represent them in debt restructuring talks with the government, crafting a competing…
Saudi Arabia ‘Vision 2030’ plan cut by $8bn – report
Saudi Arabian austerity measures included cutting SAR30bn ($8bn) from programmes and mega-projects under the kingdom’s plan to end its reliance…
Finantix appoints Executive Director, EMEA
Finantix has announces the appointment of Albert Iselin to the role of Executive Director for EMEA, further widening his remit…
Egypt- NBE, EG Bank, AIB arrange syndicated EGP 650m loan to Misr Italia properties
An alliance of banks working in the Egyptian market have signed a medium-term syndicated loan amounting to EGP 650m for…
Standard Chartered donates USD11,8m for immediate COVID-19 relief efforts across Africa and the Middle East
Standard Chartered has announced donations totalling USD11,8 million to the Red Cross, UNICEF and local non-governmental organisations (NGOs) and Government…
Gulf banks could see second wave of mergers after pandemic dust settles
The impact of the novel coronavirus on the global economy is growing and continues to shock the markets in unprecedented…
EBRD €100 million financing to Turkey’s QNB Finansbank for trade finance and SMEs
EBRD €100 million package to help QNB Finansbank support trade and small businesses Funds will boost resilience of Turkey’s financial…
Al Rajhi Bank first-quarter profit slides on higher operating expenses and impairment charges
Al Rajhi Bank, the biggest lender in Saudi Arabia by market capitalisation, reported a 7 per cent drop in its…