Thursday 18 April 2019
 
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Bahrain launches fintech talent programme

Bahrain FinTech Bay, a leading fintech hub in Middle East, recently kicked off its National FinTech Talent Program (FTP) with its first batch of 25 Bahraini candidates. The first cohort will be part of a specialized roadmap that will offer unique opportunities to develop their pr

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Abu Dhabi's GDP soars 14.4pc to top $253bn in 2018

Abu Dhabi's gross domestic product (GDP) at current prices increased by 14.4 per cent, from Dh813.6 billion ($221.5 billion) in 2017 to Dh931 billion ($253.5 billion) in 2018, according to Statistics Centre - Abu Dhabi (SCAD). The rise in the GDP was driven by the increase of

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Citi inaugurates new offices at ADGM

Citi, a leading global bank, has announced the opening of its new offices at the Abu Dhabi Global Market (ADGM), Abu Dhabi’s international financial centre. Ahmed Ali Al Sayegh, ADGM chairman, attended the inauguration ceremony, joining Citi executives David Livingstone, CE

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ENBD marks listing of $1bn bond on Nasdaq Dubai

Hesham Abdulla Al Qassim, vice chairman and managing director of Emirates NBD (ENBD), one of the region’s leading banks, rang the market-opening bell today at Nasdaq Dubai to celebrate the listing of a $1 billion conventional bond. The capital raised by the issue supports E

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Positive mind-set ‘key to business success’

A group of GCSE students have been told by a Dubai-based young business leader that the only thing holding them back from future entrepreneurial success is their state of mind. Omar Jackson, partner at international private equity firm Berkeley Assets, spoke to Year 10 and Year 1

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Arabian Centres launches IPO on Tadawul

Arabian Centres Company, a leading owner, developer and operator of lifestyle shopping centres in Saudi Arabia, said it plans to proceed with an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). The offering is expected to comprise a combination of existing and

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2,000 experts to attend Riyadh finance summit

Over 2,000 financial and business leaders are expected to attend the upcoming first Financial Sector Conference (FSC) in Riyadh, Saudi Arabia. The conference will be held under the patronage of King Salman Bin Abdulaziz Al Saud on April 24 and 25 at the King Abdul Aziz Internatio

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Trade finance rejection rates increasing: report

Global trade finance rejection rates accelerated in more than one-third or (33 per cent) of institutions surveyed between April 2018 and January 2019 by BNY Mellon, a global investments company. Additionally, nearly three-quarters or (71 per cent) of respondents cited compliance

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Arcapita inks strategic partnership with YPO Mena

Arcapita, a global leader in Shari’ah-compliant alternative investments, has entered a strategic partnership with YPO Mena, one of 14 regions within YPO, a global leadership organization. YPO is the premier leadership organization for more than 27,000 chief executives in ov

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Bank Lombard Odier gets nod to operate at ADGM

Bank Lombard Odier & Co has become the first Swiss private bank to receive a license to operate at the Abu Dhabi Global Market (ADGM), the UAE capital’s international financial hub. This marks the Bank’s second location in the UAE, enhancing its presence in the Co

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