Qatar Sets 2019 for Free Zones Launch
One of the two free zones in Qatar will be operational from the first quarter of 2019, Minister of State…
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NY fines UAE's largest bank over lax money-laundering safeguards
Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services has fined United Arab Emirates-based Mashreqbank…
QBIC launches fresh wave of LeanStartup
Qatar Business Incubation Center (QBIC) - owned by Qatar Development Bank (QDB) - launched their 11th wave of the LeanStartup…
Masdar Signs Region's First Green Revolving Credit Facility to Drive Sustainability Goals
Masdar, Abu Dhabi Future Energy Company, has signed a green revolving credit facility (RCF) with four local and international banks…
Sovereign funds hiring their own rainmakers
WHEN Lucid Motors, an electric carmaker, announced that it had raised US$1 billion in financing last month, the transaction appeared…
ICD appoints new CEO
The Board of Directors of the Islamic Corporation for the Development of the Private Sector (ICD) in its 91st Meeting…
Deutsche Bank, HSBC, Citi Join New $3.8 Billion Deal With Egypt
Egypt struck a deal to get $3.8 billion in new financing from an international consortium that includes Deutsche Bank AG…
Islamic Development Bank plans $1b infra funds focused on Asia, Africa
The Saudi-based Islamic Development Bank (IDB) plans to launch two funds focused on Africa and Asia next year, aiming to…
Willis names head of Central & Eastern Europe, Middle East-Africa
Broker Willis Towers Watson has appointed Pamela Thomson-Hall as the head of the Central and Eastern Europe, Middle East, and…
Influx of Chinese banks good for Gulf region: Dubai-based bankers
The growing number of Chinese banks operating in the Gulf countries has helped spur investments and boost local financial market…
Bahrain to benefit from GCC inclusion in JP Morgan index
GCC’s inclusion in JP Morgan EMBI Index is expected to bring in $30-60 billion in inflows to the GCC sovereign…
Middle East's First Central Bank-Backed Crypto Exchange to Launch in 2019
Two blockchain veterans are gearing up to launch what could be the first cryptocurrency exchange in the Persian Gulf to…