Tuesday 15 October 2019

UAE govt grants up 23.4pc to $3.6bn during H1

The UAE government provided Dh13.33 billion ($3.6 billion) in grants across all seven emirates in the first half (H1) of 2019, a growth of 23.4 per cent on the comparable period in 2018, a media report said. Financial grants provided since the beginning of the year until the end


BisB takes part in Palestine FinTech workshop

Bahrain Islamic Bank (BisB) participated in the “The Reality and Future of Financial Technology” forum in Palestine recently.    Maisa Shunnar, chief strategy implementation and transformation at BisB, presented three specialised workshops for b


GCC banks ‘to maintain stable credit fundamentals in 2020’

Rated banks in the GCC should maintain stable financial profiles in 2020, barring any major increase in geopolitical risk or a sharp fall in oil prices, said S&P Global Ratings in a new report. S&P Global Ratings’ base-case scenario continues to exclude a full-scale


Bahrain 4th most competitive Arab economy: WEF

Bahrain ranked fourth most competitive Arabic economy according to The Global Competitiveness Report 2019, published today (October 9) by the World Economic Forum. The United Arab Emirates is the most competitive Arab economy according to the report. The UAE (25th globally) was followe


UAE among top 25 in global competitiveness ranking

The UAE ranked first in the Arab World and 25th globally in the Global Competitiveness Report 2019, released by the World Economic Forum (WEF), a media report said. According to the report, which assesses the competitiveness landscape of 141 economies, providing unique insight in


Mubadala Capital appoints senior leadership team in Europe

Mubadala Capital, the financial investment arm of Mubadala Investment Company, one of the world’s leading sovereign wealth funds, today announced the appointment of three senior individuals to its London-based Europe venture capital team.    In their


Bahrain GDP records 1.76pc growth in Q2

Bahrain’s economy recorded a real growth of 0.84% and 1.76% in current prices in the second quarter of this year, compared to the same period of the previous year.    According to the Information & eGovernment Authority (iGA) report, Bahrain conti


AXA Gulf appoints Paul Adamson as CEO

AXA, one of the largest international players in the GCC, has announced the appointment of Paul Adamson as chief executive officer of AXA Gulf.   He will take over from Cédric Charpentier, who has decided to leave the AXA Group after 22 years. 


Oman-US FTA boosts bilateral trade to $4bn in 2018

Bilateral trade between Oman and the US surged in value to over $4 billion in 2018, said officials during a recent press conference jointly hosted by the Oman American Business Center (AmChamOman) and the US Embassy. Marc J Sievers, US Ambassador to Oman, was quoted by


Foreign firms can now list on Saudi exchange

The Saudi Stock Exchange (Tadawul) announced today allowing foreign companies to list on Tadawul followiing the Capital Market Authority's (CMA) approval of amended Listing Rules, including provisions related to foreign listing.    Foreign companies wil

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