Uncategorized Archives - Page 588 of 3971 - Managers of Wealth Middle East

Investcorp to make strategic investment in DevOps Leader Eficode to boost global expansion

February 6, 2023

Investcorp has announced that it has agreed to make a significant investment to become a majority shareholder in Eficode (“the…

Financial Results

ABK announces net profit growth of 19% in 2022

February 6, 2023

Al Ahli Bank of Kuwait reported a net profit of KD 32.3 million in the financial year 2022. The increase…

Hedge Funds & Alternative Investments

Doing business in the UAE: foreign investment

February 3, 2023

It has become easier and more attractive for foreign companies to establish a 100% foreign owned-corporate presence in the UAE.…

Hedge Funds & Alternative Investments

Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn

February 3, 2023

Saudi Arabia and Oman have signed 13 investment memoranda of understanding between the public and private sectors of the two…

Regulation, Risk & Compliance

Egypt keeps key policy rates unchanged

February 3, 2023

The Egyptian Monetary Policy Committee Thursday decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending…

Hedge Funds & Alternative Investments

Growth in UAE’s non-oil private sector falls to 12-month low

February 3, 2023

Growth in the UAE’s non-oil private sector has slowed further, dropping to a one-year low in January as global economic…

Regulation, Risk & Compliance

Crypto exchange Kraken shuts Abu Dhabi office

February 3, 2023

Cryptocurrency exchange Kraken has shut its Abu Dhabi office less than a year after securing a license in the region,…

Executive Moves

CEO of Salama steps down citing personal reasons

February 3, 2023

The CEO of Dubai-listed Islamic insurer Salama has resigned, citing personal reasons, the company said on Friday. Fahim Al…

ESG

Abu Dhabi to deploy laser-based technology to measure vehicle emissions

February 3, 2023

Abu Dhabi will deploy a remote-sensing system to measure emissions emanating from vehicles on its roads. The Environment Agency…

Retail Banking

Gulf Bank's net profits jumped 46.8% to $202.56mln

February 3, 2023

Gulf Bank recorded a net profit of 61.8 million Kuwaiti Dinars for 2022, an increase of 46.8% compared to 2021,…

Hedge Funds & Alternative Investments

ADNOC, 23 companies ink deals for local manufacturing opportunities worth Dhs17bn

February 3, 2023

ADNOC has signed agreements with 23 UAE and international companies for local manufacturing opportunities across a wide range of critical…

Regulation, Risk & Compliance

UAE regulator overhauls regimes for foreign and domestic funds

February 2, 2023

The Securities and Commodities Authority (SCA) has overhauled its foreign and domestic funds regimes in the United Arab Emirates (UAE).…

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