Turkey forces banks to slash commercial loan interest rates
Turkey is pushing commercial lenders to slash interest rates charged on loans to companies after the central bank moved this…
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Kearney promotes partner in UAE
Kearney has promoted 14-year company member Kamal Aissa to partner in its Middle East practice. Kamal Aissa has been…
UAE-based tech firm launches $10bn fund in partnership with Abu Dhabi Growth Fund
G42 has launched a $10 billion G42 Expansion Fund in partnership with the Abu Dhabi Growth Fund to invest in…
Businesses have to switch to CEP to acquire and retain customers and stay relevant
Marketers in the Middle East region are having trouble gathering ‘real time’ analytics because of which their marketing, social and…
Dubai’s largest bank raises wages due to inflation
Emirates NBD, Dubai’s largest bank, has given most of its employees up to 8% pay raises to ease rising costs…
Emirates NBD And Microsoft To Launch Accelerator Program For Metaverse Start-Ups
The Metaverse is rapidly expanding as more nations and regions attempt to integrate this technology into their economy. Dubai is…
Abu Dhabi AI Firm Sets Up $10 Billion Fund for Tech Deals
Abu Dhabi-based artificial intelligence firm G42, backed by a key member of the oil-rich emirate’s ruling family, is setting up…
Al Ahli Bank of Kuwait K S C P : and Gulf Bank Sign Memorandum of Understanding to Outline Proposed Acquisition
Al Ahli Bank of Kuwait and Gulf Bank have signed a Memorandum of Understanding regarding the proposed acquisition of one…
CBRE advises Aldar on landmark ADGM Square transaction for USD 1.2bn in Abu Dhabi
Global real estate advisor CBRE provided valuation advice to Aldar Properties PJSC on the purchase of four commercial office towers…
FinaMaze appoints ex-Careem ex-Swvl Nikhar Patel as Chief Operations Officer
To complement its continuous effort in being the innovative asset management firm of choice in the UAE, FinaMaze has appointed…
Saudi Arabia, Uzbekistan bolster ties with 10 investment deals worth $12bn
Saudi Arabia and Uzbekistan have signed over 10 investment agreements, worth over SR45 billion ($12 billion), during a meeting of…
IMF sees Saudi inflation contained at 2.8% as GDP growth hits decade-high
Saudi Arabia’s gross domestic product is expected to grow at the fastest rate in almost a decade at 7.6 percent…