Jared Kushner’s ‘deal of the century’ fails in Bahrain
The so called “deal of the century” proposed by President Trump’s senior adviser and son-in-law Jared Kushner, which sought to…
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Qatar central bank says sells 600 million riyals of t-bills
Qatar central bank sold 600 million riyals ($165 million) of treasury bills in an auction, it said in a statement…
Foreigners can now have 100% ownership in 13 sectors in the UAE
The UAE's Cabinet recently approved a historic decision that effectively makes 122 economic activities in 13 sectors eligible for up…
Abu Dhabi Commercial Bank to Cut About 2,000 Jobs After Merger
Abu Dhabi Commercial Bank PJSC, which completed a three-way merger earlier this year, may cut about 2,000 jobs as the…
In first, Arab Israeli appointed chairman of Israel’s largest bank
An Arab-Israeli has been named chairman of the board of a major Israeli bank for the first time. Bank…
11 Abu Dhabi entities come under one roof
The Abu Dhabi Executive Council on Wednesday announced it was rolling 11 government entities into a single holding company. …
The pains of succession planning in GCC family businesses
What are the key trends involved when family businesses make investments? Currently, many family businesses across the region have…
Lebanese banks eye digital future
The rise of financial technology and big tech companies is adding extra pressure on traditional banks to go digital. “Competition…
Verrency appoints Shezan Amiji to Global Advisory Board
Global payment innovation company Verrency has announced the appointment of Shezan Amiji, a seasoned entrepreneur, to its global advisory board.…
Abraaj Gets Closer to Selling Off Some of Its Funds
Actis received investor approval to take over two funds managed by the collapsed Abraaj Group, clearing a major hurdle for…
Mashreq Bank launches its "Mashreq Rewards" in partnership with Fawry
Mashreq Bank introduces its “Mashreq Rewards” program in cooperation with Fawry. The program boasts of a unique proposition of…
UAE’s credit growth picks up momentum in May
The UAE’s credit growth showed signs of gradual pick up with the gross credit growth accelerating to 0.3 per cent…