Dubal Holding reports profit of $735mln for 2021
Dubal Holding has reported a profit of AED 2.7 billion ($735 million) in 2021, up from AED 217 million in…
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Crypto Investment and the Wealthy
Amid hype, volatility, controversy and opportunity, the cryptocurrency (crypto) sector and ecosystem continue to grow rapidly. The sector, worth an…
New rules boost Dubai’s international arbitration credentials
The modernisation of arbitration rules for the Dubai International Arbitration Centre (DIAC) can help Dubai become a leading hub for…
Sotheby's International Realty brand opens first office in Kuwait
Sotheby's International Realty has announced the opening of Sotheby's Kuwait International Realty, an Al Sabah family-owned office under the direction…
Saudi Social Development bank gives $2.9bln in loans in 2021
Saudi Arabia's Social Development Bank disbursed SR11 billion ($2.9 billion) worth of loans in 2021, SDB’s Business Executive Sultan Alhamidi,…
Egypt's Central Bank to launch online services project
The Central Egypt, or CBE, will launch a project called 'Know Your Customer,’ which will enable citizens to open bank…
Bahrain’s bank sector to benefit from higher rates, credit expansion – S&P
Bahrain’s banking sector is set to benefit from the expected interest rate hikes and overall credit expansion on the back…
PraxisIFM expands UAE offering with new licences and an additional office opening
In line with its Middle East development plans, the Group has earned two key licences and opened a new office…
Investcorp named 'Firm of the Year MENA'
Investcorp has been named “Firm of the Year: MENA” for the fourth consecutive year in Private Equity International’s 2021 Awards…
Abu Dhabi Commercial Bank denies report of its merger with First Abu Dhabi Bank
Abu Dhabi Commercial Bank has denied a press report on merger talks with First Abu Dhabi Bank in a letter…
EFG Hermes signs EGP 600mln sale and leaseback agreement with LMD visionary real estate development company
EFG Hermes Corp-Solutions has announced that it has signed a sale and leaseback agreement amounting to EGP 600 million with…
Emirates NBD Capital marks record year
Emirates NBD Capital led a record number of landmark transactions in terms of closed transaction value and deal volume, across…