Bahrain unveils new ‘golden licence’ to attract investors
Bahrain has introduced a new class of licences that offers incentives and streamlined services to foreign and local companies that…
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KPMG: Despite increase in cost of funds and liquidity constraints, Saudi banking industry reported robust growth in 2022
Total assets grew by 11.5% reaching to SAR 3,832 billion ($1.02 billion). Deposits were up by 8.34%, closing at SAR…
MENA equity capital markets stutter in Q1-2023 as number of deals fall
MENA equity capital markets (ECM) raised $3.6 billion in equity and equity-related issuances during the first quarter of 2023, declining…
Deutsche Hospitality appoints Regional Director for S&M and Senior Business Development Director for the Middle East
Deutsche Hospitality announces the appointment of Mohamed Khedr as Regional Director for Sales and Marketing, and Toufic Tamim as Senior…
Over 300 wealth and asset managers have offices in the DIFC
The Dubai International Financial Centre (DIFC) has attracted several notable financial giants recently, taking the total number of wealth and…
National Finance wins ‘Leadership in SME Financing’ Award at Muntada Al Mara
National Finance was honoured with the 'Leadership in SME Financing' award at the Muntada Al Mara event held at Radisson…
UAE Central Bank cancels licence of Russia's MTS Bank in Abu Dhabi
The UAE Central Bank has cancelled the licence of Russia's MTS Bank in Abu Dhabi due to the sanctions risks…
Saudi Arabia, UAE and allies announce surprise oil production cuts
Opec+ members Saudi Arabia, the UAE, Iraq, Kuwait, Oman and Algeria will implement voluntary oil production cuts exceeding more than…
UAE: Gold prices drop after Opec+ announces surprise oil output cuts
Gold prices slid on Monday morning after a surprise announcement from Opec+ about a cut to oil output sparked inflation…
Saudi: Jabal Omar turns to $94mln losses in 2022 results
Jabal Omar Development Company swung to net losses after Zakat and tax worth SAR 352.43 million in 2022, against net…
UAE ranks 18th globally in FDI confidence index
The UAE is the leading emerging market across the MENA region, as revealed in Kearney’s 2023 Foreign Direct Investment Confidence…
Saudi consumer spending rose 10% in February 2023: SAMA
Saudi Arabia's consumer spending rose 10 percent to SR97.9 billion ($26.1 billion) in February, up from SR88.6 billion a year…