UAE GDP grew 2.9% in 2019, says Central Bank
The UAE’s GDP is estimated to have grown 2.9 percent in 2019, according to the UAE Central Bank. According…
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KEC International buys tower making units in Dubai to expand Middle East operations
RPG Enterprises' infrastructure company KEC International has acquired a transmission tower manufacturing facility with a capacity of 50,000 tons a…
IHS Markit and Tadawul launch Saudi government Sukuk index
The Saudi Stock Exchange (Tadawul) has partnered with IHS Markit for the launch of an index tracking the performance of…
First Abu Dhabi Bank appoints new group CEO, approves dividends
First Abu Dhabi Bank elected new board members and approved the distribution of cash dividends at its general assembly meeting.…
DFSA Fines Company USD 105,000 for Unauthorised Activity
The Dubai Financial Services Authority (DFSA) has announced that it has fined Enness Limited (Enness DIFC), a DIFC Representative Office.…
First Abu Dhabi Bank expects to finish due-diligence on Bank Audi's Egypt business by Q2
First Abu Dhabi Bank expects to decide whether it will buy Bank Audi’s Egyptian business in the second quarter, a…
Sri Mulyani invites Saudi Arabia to invest in Indonesia’s sovereign wealth fund
Finance Minister Sri Mulyani Indrawati hopes to get Saudi Arabia on board to invest more in Indonesia, particularly through the…
Bank Audi Assembles $210 Million for Capital Increase
On February 20, 2020, Bank Audi S.A.L. raised more than US$ 210 million in cash. The Central Bank of Lebanon…
Dubai fines financial advisor $105k for unauthorised mortgage operations
The Dubai Financial Services Authority on Tuesday announced that it has fined Enness Limited (Enness DIFC) $105,000 for engaging in…
Here's why Middle East investors are buying UK properties
More and more Middle East investors are being drawn to the UK market with a strong interest in central and…
The Oldest Private Bank In UAE Taps Blockchain To Enhance Client Security
The oldest privately owned bank in UAE, the Mashreq Bank, will utilize blockchain, according to the bank’s Executive VP. By…
UAE leading $2.5bn Mena fintech market: experts
The UAE is leading the Mena region’s fintech market reaching a record-high of $2.5 billion by 2022, said industry experts…