ADCB rebrands Wholesale Banking to Corporate & Investment Banking
Abu Dhabi Commercial Bank has announced the rebranding of its Wholesale Banking as “Corporate & Investment Banking”, reflecting the expanded…
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Major Saudi cybersecurity improvements attracting investors, London forum told
Major improvements in Saudi cybersecurity are increasing the Kingdom’s attractiveness to investors and seeing it develop a reputation as a…
US Hedge Fund Verition sets up office in DIFC
US Hedge Fund Verition has opened an office in Dubai International Financial Centre as it eyes global expansion. The…
Abu Dhabi's ADQ acquires minority stake in Canadian investor
Sovereign-wealth investor Abu Dhabi Development Holding Co., (ADQ), and Canada's Bank of Montreal (BMO) have agreed to acquire minority equity…
NEOM green hydrogen project on track for 2026 completion
Global utility project developer Acwa Power has announced that work is currently underway on its ambitious green hydrogen facility at…
UAE, Pakistan business relations strengthen, new deal to explore renewable energy projects
The UAE and Pakistan on Thursday signed a memorandum of understanding (MoU) for opportunities and development of renewable energy projects…
QCB foreign reserves jump by 14% in June; central bank issues treasury bills worth $1.37bln
International reserves and foreign currency liquidity of the Qatar Central Bank jumped last June to reach QR240.742bn, an increase of…
Turkish neobank Papara becomes latest unicorn following acquisition of Spain’s Rebellion
Turkish neobank Papara has snapped up Spanish challenger bank Rebellion, in a move which propels Papara to unicorn status. …
Deadline for companies to meet Emiratisation targets ends today
The deadline for meeting semi-annual Emiratisation targets for private sector companies with 50 employees or more ends on July 7.…
MUFG appoints Regional Head for Middle East
MUFG has announced the appointment of Yohsuke Takahashi as Regional Head for Middle East. As part of MUFG’s focus…
Egypt secures $1blnin financing from ITFC in 2023
The International Islamic Trade Finance Corporation (ITFC) has financed the Egyptian government with around $1 billion since the beginning of…
Dubai SME members receive Dhs1.12bn in procurement contracts in 2022
Emirati entrepreneurs and national enterprises affiliated with the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME)…