Islamic Development Bank hires banks to raise more than $1 bln in sukuk -sources
The Islamic Development Bank has hired banks to arrange a new issue of U.S. dollar-denominated sukuk, or Islamic bonds, expected…
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Dubai-backed fintech reaches unicorn status
Swiss fintech Numbrs, which is backed by the Investment Corporation of Dubai has been valued at $1 billion, making it…
Race for crypto hub supremacy: Bank-driven coordination or financial free zones?
In the Persian Gulf, both Bahrain and Abu Dhabi are competing to be known as the premier crypto hub in…
Dubai-based ASA Ventures to Launch ZON – The Region’s Largest Decentralized e-commerce Network
ASA Ventures, a venture capital firm based in the UAE, is set to disrupt traditional e-commerce in emerging markets with…
Why crypto foundations should be robust, clear
The cryptocurrency market is currently enjoying a resurgence thanks to a number of factors that has magnified its potential value.…
Falcon Network's investors conclude investment in start-ups
Falcon Network, a group of emerging markets-based angel investors, have announced the successful conclusion of their inaugural round with the…
Meet the Bahraini Business Women Who Made It to Forbes List
Najla Al Shirawi, the chief executive of Bahrain-based Sico, is the only Bahraini woman in the 2019 Forbes list of…
UAE Portrait of a Nation: the office assistant who built up a business empire
From a handful of rupees to riches, Dubai businessman Ram Buxani has enjoyed a rise just as remarkable as that…
Citi advises Averda on extension of $181m term loan in Dubai
Waste management company Averda has completed the extension of its banking facility in Dubai in a loan deal worth $181m…
Visa CEO says region’s cash-reliant days are numbered
Global payments technology company Visa aims to capitalise on “massive growth opportunities” in the Middle East and Africa emerging out…
U.S. sanctions Lebanon's Jammal Trust Bank for ties to Hezbollah
The U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned Jammal Trust Bank SAL (Jammal Trust), a Lebanon-based…
Benefits of a personal loan in the event of a financial emergency in Dubai
Personal Loan is a kind of loan, which is obtained by a customer for catering to their personal needs such…