Will Egypt launch its own official digital currency?
As Facebook said July 31 that major difficulties are impeding the launch of its digital currency known as Libra, several…
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Shuaa reports Dh31.6m loss in second quarter
Dubai investment bank Shuaa Capital swung to a loss in the second quarter before its recent reverse takeover by Abu…
GCC economic growth seen at 3.2pc in 2020
GCC’s economic growth is projected to reach 3.2 per cent in 2020 and stabilize to 2.7 per cent in 2021…
NBB is looking forward to diversifying through strategic expansion in regional markets
What keeps you up at night at the moment? There are two aspects that keeps me awake at night—…
Businessmen and Investors More Optimistic on UAE’s Economy
Businessmen and investors in the UAE are more optimistic about the state of the country's economy than their counterparts across…
Emerging Markets Turkey purges central bank as nine top officials are sidelined
Turkey's central bank, known as Türkiye Cumhuriyet Merkez Bankası has made the biggest overhaul to its senior management in recent…
GCC set in the right direction to reach the center stage of global trade
In a recent report by World Bank, GCC’s economic growth is projected to reach 3.2 percent in 2020 and stabilize…
Clifford Chance has advised Oman on its return to the international debt capital markets
Clifford Chance has advised the Government of the Sultanate of Oman on its return to the international debt capital markets…
Nigerian Edmund Olotu’s TechAdvance raises $1m from Bahrain investor
Lagos-based payments infrastructure firm TechAdvance has secured $1-million in funding from Bahrain’s Lamar Holding. TechAdvance was founded in 2009…
Former UBS banker to represent Qatar on Deutsche supervisory board – sources
Juerg Zeltner, a former UBS manager, is set to become a member of Deutsche Bank's supervisory board, two people with…
QCB key policy rate gone up 100 basis points in 2018 following Fed hike
The Qatar Central Bank had increased its key policy rate by 100 basis points (bps), or one percentage point, in…
Oman, the ‘Switzerland of the Middle East’, is about to find itself in troubled waters over its refusal to take sides
Even though the Sultan himself has repeatedly dismissed the comparison, Oman continues to enjoy the moniker of being “the Switzerland…