UAE’s financial wealth to grow by 6.7% annually, reaching USD 1trln by 2026
The United Arab Emirates (UAE) financial wealth will experience a sturdy Compound Annual Growth Rate (CAGR) of 6.7% in new…
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African Development Bank adopts new Country Strategy paper for Egypt covering 2022-2026
The African Development Bank Group’s Board of Directors has approved Egypt’s Country Strategy Paper for the 2022-2026 period. Under…
Saudi Arabia received $5.5bln in Chinese BRI investments in H1-2022
Saudi Arabia was the single largest recipient of China's Belt and Road Initiative (BRI) investments, with about $5.5 billion in…
IMF says Egypt needs progress on fiscal and structural reform
The International Monetary Fund said on Tuesday that Egypt needed to make "decisive progress" on fiscal and structural reform as…
Exclusive health insurance for UAE Golden Visa holders
Golden visa holders in the UAE can avail exclusive health insurance policies dedicated to them, with premiums starting from as…
Saudi SAMA: Insurance companies must settle third party claims within 5 days if amount is below $534
The Saudi Central Bank (SAMA) has instructed that it is mandatory for all insurance companies to settle insurance claims for…
In Dubai, residents find rent renewals offer cheaper option in H1-2022
Is your landlord demanding a rental hike? And quite a big increase at that? Landlords in Dubai are doing…
Qatar banking sector total assets scale up 1.7% m-o-m to reach QR1.846tn in June: QNBFS
Qatar banking sector’s total assets have scaled up 1.7% month-on-month (m-o-m) and 1% this year until June to reach QR1.846tn,…
RAKBank reports 60% increase in Q2 net income as bad loans drop and interest income rise
National Bank of Ras Al Khaimah reported a 60 per cent increase in second quarter net income, as interest income…
RAKBank appoints chief executive
National Bank of Ras Al Khaimah on Thursday said it has appointed Raheel Ahmed as its new chief executive. …
GCC’s Financial Wealth To Grow by 5.2% Annually, Reaching USD 3.5 Trillion by 2026
A new BCG report expects that the GCC's financial wealth will rise from USD 2.7 trillion in 2021 to a…
DCO whitepaper calls for multilateral dialogue on international digital economy taxation plans
The Digital Cooperation Organization has released a new whitepaper that is intended to encourage dialogue and debate around international taxation…