Saudi Arabia is set to continue championing fintech VC investments, companies say
Saudi Arabia’s move to encourage financial intermediaries to invest in the private sector is expected to boost the Kingdom’s fintech…
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UAE unveils 9% corporate tax
The UAE Ministry of Finance will introduce a federal corporate tax on business profits, effective from 1 June 2023. Businesses…
Forbes Middle East Reveals MENA's Most Powerful Businesswomen
Forbes Middle East has unveiled its annual list of the region’s Most Powerful Businesswomen, ranking the region's most innovative and…
Deutsche Bank hires Credit Suisse trio to woo Saudi ultra-rich
Deutsche Bank has poached three wealth managers from Credit Suisse Group in pursuit of ultra-rich clients in Saudi Arabia as…
Turkish banking sector records USD7B in net profit
According to a Turkish bank regulator, the country’s banking sector recorded a net profit of 92.1 billion Turkish liras (USD7…
UAE Central Bank launches new general terms and conditions for standing credit and liquidity insurance
As part of its Dirham Monetary Framework implementation plan, the Central Bank of the UAE (CBUAE) will introduce new general…
Spanish investment bank Alantra launches Dubai office
Spanish investment bank Alantra is launching an office in Dubai as it seeks to expand its international client network and…
Yas Holding wins SAP Award for 'Innovation and Leadership in Asset Management'
Yas Holding was presented the “Innovation and Leadership in Asset Management” Award by SAP for its Enterprise Asset Management (EAM)…
Predicted trends for the Middle East financial services sector in 2022
The trends expected this year, according to Oliver Wyman, include: Digital Payments, Cryptos and CBDCs We see massive…
Saxo Bank launches new Money Matters campaign across the GCC
Saxo Bank has launched Money Matters, a new online campaign in the GCC market that will showcase the potential of…
Dubai records third highest growth in 2021 prime residential capital values among 30 cities
Dubai’s prime residential capital values climbed 17.4% in 2021, as buyers flocked to the city for its competitive pricing, quality…
Sharjah Islamic Bank's net profit up 26.7% in 2021
Sharjah Islamic Bank reported on Wednesday a 26.7 percent increase in net profit for 2021 on the back of a…