CV VC extends operations to UAE and Africa
CV VC, a Swiss blockchain venture capitalist and incubator has not only extended its VC operations internationally to UAE and…
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UAE's first half 2021 bank results point to economic recovery gaining traction
Financial results of UAE banks for the first six months of 2021 point to sustained improvement in profitability supported by…
Saudi Arabia’s holding of US bonds amounted to $127.3bln in May
Saudi Arabia’s holding of US Treasury securities amounted to $127.3 billion in May 2021, according to new data from the…
Credit Suisse losing Middle East staff over 'toxic' work culture
BRUNO Daher, Credit Suisse Group's top executive in the Middle East, had an unusual message at a May sales meeting:…
UAE ranks fourth globally for highest monthly spend on rent
UAE residents ranked fourth globally for spending the highest percentage of their monthly expenditure on rent, according to a new…
Kuwait said to mull tapping future generations fund to help balance budget
Kuwait’s finance ministry is working on a law to allow limited withdrawals from its Future Generations Reserve Fund, Al Anba…
Former Saudi minister to head IsDB
Saudi Arabia’s former economy and planning minister has been selected as the new head of the Islamic Development Bank for…
Shifting GCC’s approach to attracting foreign direct investment
Government-backed effort to increase foreign direct investment across GCC economies remain limited in their effectiveness – further hindered by a…
FTI Consulting expands merger & acquisition team with Big Four trioc
FTI Consulting has strengthened its Corporate Finance and Restructuring team in the Middle East with a trio of senior hires…
How a new way to think about ESG can create value for banks
Governments around the world are rapidly evolving laws and regulations to stimulate the adoption of environmental, social and governance (ESG)…
Islamic Development Bank elects Saudi nominee as new Prez
The Islamic Development Bank (IsDB) said that Saudi Arabia's nominee Muhammed Sulaiman Al Jasser has been elected as its new…
Govt obtains 34pc more foreign loans in FY21
Despite healthy remittances and higher exports, Pakistan borrowed about $14.3 billion to build foreign exchange reserves in recently concluded fiscal…