How fintech start-up backed by Dubai became a $1 billion 'unicorn'
A Dubai-backed fintech firm whose investors include Investment Corporation of Dubai and Josef Ackermann has raised additional money to value…
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Barwa Bank’s campaign draw winners picked
Barwa Bank has announced the names of the winners of its ‘2019 Summer Spend Campaign’s’ third monthly raffle draw, rewarding…
Who runs Noor Capital
The Emirati investment fund Noor Capital, which gained prominence in early 2019 for trying to export tons of gold from…
BlackRock Mideast Foray May Grow With Israel Infrastructure Push
The world’s largest asset manager BlackRock Inc. could add to its footprint in the Middle East by joining Israel’s infrastructure…
Qatar non-oil activity buoyed by government investment: NBK
The country’s growth is expected to accelerate to 2.6% this year from 1.6% in 2018, Kuwait-based banking major NBK said…
Bahrain and Abu Dhabi Compete To Be Gulf’s Cryptocurrency Hub
Bahrain and Abu Dhabi are racing to become the Gulf region's leading hub for cryptocurrencies, decentralized digital currencies that utilize…
Central bank governor: Global monetary divergence challenging for Israel
The divergence in economic developments among leading economies is especially challenging for Israel and other small economies with major trading…
Mauritius Commercial Bank opens an office in Dubai
MCB Group Ltd, a Mauritius-based holding company, has announced the opening of a representative office of its fully owned subsidiary,…
Smaller M&A deals the way forward in GCC region-UBS
There will be no more of the elephant-sized deals in the Gulf’s mergers and acquisition market — but the time…
Qatari Regulator Fines the UAE's Biggest Lender $55 Million
The QFC Regulatory Authority has announced that it has imposed a financial penalty of (USD 54,945,055 on First Abu Dhabi…
National Bank of Bahrain completes SWIFT gpi certification
National Bank of Bahrain (NBB) has completed the SWIFT gpi certification, the system provides customers with an array of benefits…
Is the UAE still an attractive financial environment for global tech?
Promoting technology and innovation is key to the sustainability of economic growth in the UAE. It already has a leading…