Tuesday 21 February 2017

Dubai unveils key objectives under 2017-2021 strategy

Dubai Chamber of Commerce and Industry has unveiled the key objectives and initiatives outlined under its 2017-2021 strategy that aims to boost competitiveness and growth within the private sector in line with the Dubai Plan 2021. The briefing was led by Hamad Buamim, President a


Bank of Singapore opens branch in DIFC

Bank of Singapore has opened a branch in the Dubai International Financial Centre (DIFC) in Dubai, UAE. Deputy Ruler of Dubai and president of DIFC Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, who inaugurated the branch,  highlighted the special relationship between Si


QIC wins shareholders' nod for $760m capital boost

Qatar Insurance Company, a leading insurer in the Gulf region, said it has won approval from the shareholders to increase its capital from QR2.41 billion ($661 million) to QR2.77 billion ($760 million). The company announced this after its annual general meeting held yesterday at


Al-Ebdaa Bank appoints 25 new specialists

Bahrain-based Al Ebdaa Bank for Microfinance has appointed 25 new loan specialists after they had completed a specialised training session organised in cooperation with the Arab Gulf Programme for Development (Agfund). Newly-appointed employees attended rehabilitation courses to


DMCC in tie-up to roll out e-signature facility

Dubai Multi Commodities Centre (DMCC), the authority on trade, enterprise and commodities in Dubai, UAE has partnered with US-based DocuSign to provide electronic signature (e-signature) capabilities for its Free Zone members. The new e-signature services will be rolled out in a


Deloitte to host Regulatory and Financial Crime Conference

Deloitte, a leading professional services firm, will host the second Regulatory and Financial Crime Conference (RFCC) in Dubai on March 2.   The conference was launched as part of the Deloitte Global Financial Crime Symposium series, to provide a platform for Middle East fina


Bahrain EDB backs AmCham Mena forum

Bahrain Economic Development Board (EDB) has signed up as a strategic partner for this year’s American Chamber of Commerce Bahrain (AmCham) Mena Regional Council’s bi-annual forum to be held in Manama next month. The forum is aimed at promoting trade and investment be


Warba seals $163m Kuwait financing portfolios deal

Kuwait-based Warba Bank said it has entered into a renewable agreement with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios from Al Mulla International Financing to reach the amount of KD50 million ($163 mi


Saudi bourse appoints first female chair

Sarah Al Suhaimi, the chief executive of NCB Capital, the investment banking unit of National Commercial Bank, has become the first woman to chair The Saudi Stock Exchange, the largest bourse in the region.   Al Suhaimi was appointed chairwoman of the Tadawul, r


Mubadala Investment organised into four platforms

Mubadala Investment Company, the newly-formed strategic investment company wholly owned by the government of Abu Dhabi, will organise its approximately Dh460 billion ($125 billion) portfolio into four investment platforms of significant scale. The sectors include: Petroleum &

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