Kuwait proposes budget with wider $30.3bn deficit
Kuwait on Tuesday unveiled budget proposals that forecast a wider deficit for the year starting April 1, outlining fiscal plans…
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How Saudi, UAE banks are likely to perform in 2020
While banks in Saudi Arabia and the United Arab Emirates can look forward to burgeoning loan growth in 2020, higher…
Egypt’s central bank seen making fourth consecutive interest rate cut
Egypt’s central bank is likely to cut interest rates for a fourth consecutive time on Thursday, a Reuters poll showed,…
Samana offers 50% financing in new Dubai project
Dubai-based Samana Developers, a real estate developer, has announced a 50 per cent financing facility for its investors in its…
What Businesses Need To Know About Hybrid Cloud
More business are moving their operations to the Cloud. Hybrid Cloud Adoption is expected to accelerate this growth at a…
Former Barclays chief wanted to deliver ‘additional value’ to Qatar
John Varley, the former chief executive of Barclays, first suggested that additional commission could be delivered to Qatar via a…
Abu Dhabi energy firm Masdar launches green REIT in UAE
Abu Dhabi Future Energy Company (Masdar) said on Wednesday it was launching a sustainable real estate investment trust (REIT) with…
UAE to save AED11 billion through Blockchain implementation, Dubai future foundation and world economic forum whitepaper reveals
The UAE could save over US$3 billion (AED11 billion) through implementing advanced blockchain technologies, a joint whitepaper by the Centre…
MEA biometrics market ‘set to grow at over 21pc’
The Middle East and Africa biometrics market is being forecast to surge at a 21.25 per cent compound annual growth…
ADIA plans private equity fund stake sale
The Abu Dhabi Investment Authority is preparing to sell around $2 billion of its stakes in private-equity funds, amid an…
The DFSA signs guiding principles on sustainable finance together with leading authorities in the UAE
The DFSA, together with a group of leading authorities in the UAE, has published the UAE’s first Guiding Principles on…
Gulf states learn virtue of shared interests
We do not have to repeat what the former British Prime Minister Winston Churchill said. Churchill had advised to put…