Tech companies shape UAE data law
There is currently little detail available about the data law, which has yet to be officially published, but both Khaleej…
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StanChart to add bankers in sustainable finance, capital markets in Saudi Arabia
Standard Chartered is looking to add bankers to focus on sustainable finance, project finance and capital markets in Saudi Arabia,…
Commercial Bank of Dubai recognized with "Excellence in Innovation – Retail Banking" at the 2021 Finnovex Awards
Commercial Bank of Dubai, one of the leading banks in the UAE, has received the “Excellence in Innovation – Retail…
New Saudi committee tasked to regulate foreign investments as Kingdom opens up
Saudi Arabia has formed a new committee to regulate foreign investments and protect the Kingdom's critical sectors such as utilities.…
Abu Dhabi leads major Gulf bourses higher; Egypt falls
Major stock markets in the Gulf reversed early losses to close higher on Thursday, with the Abu Dhabi index registering…
Wataniya Insurance board recommends $53.3m capital increase
Wataniya Insurance Company’s board of directors recommended on Thursday to increase the company’s capital through a SR200 million ($53.3 million)…
Lebanon signs central bank audit contract with A&M
Lebanon’s finance minister Youssef Khalil on Friday signed a new contract with restructuring consultancy Alvarez & Marsal (A&M) to carry…
UAE central bank looking to replace benchmark rates: Reuters
The United Arab Emirates central bank is studying ways to replace the local interbank rate, three sources said, as it…
Central Bank of Bahrain prepares for the second phase of Open Banking
The Central Bank of Bahrain (CBB) has instructed all retail banks and financial institutions to adopt the requirements and guidelines…
American-Ukrainian tech consultancy SoftServe launches in Middle East
International technology consultancy SoftServe has opened a new office in Dubai, the firm’s first office in the Middle East and…
Saudi Real Estate Co. to raise $426.4mln to finance Qiddiya, Roshan projects
Saudi Real Estate Co. (Al Akaria) plans to raise SR1.6 billion ($426.4 million) via priority rights issue to finance projects…
UAE startup Supy raises $1.5mln in latest funding
A UAE-based startup that digitizes communication between restaurants and suppliers has raised $1.5 million in pre-seed funding. Supy provides…