Monday 6 July 2020

Sharjah ranks global top for high-growth ecosystems

Sharjah has been ranked in the top in high growth activation phase ecosystems in the newly launched Global Startup Ecosystem Report (GSER), marking a milestone in the emirate’s journey towards becoming a thriving global startup hub. Sharjah Entrepreneurship Center (Sheraa)


BisB increases financial rewards given to frontline medical workforce

In response to the sheer numbers that poured following the announcement that had been made in April, Bahrain Islamic Bank (BisB) recently announced that the total donated sum of the financial rewards which were allocated to a total of 570 of the bank’s customers who are members of the m


Nasdaq Dubai welcomes $1.5bn IsDB Covid-19 sukuk listing

Nasdaq Dubai welcomed today's (June 28) listing of a $1.5 billion sukuk issued by Islamic Development Bank (IsDB) to support Covid-19 relief initiatives.    The capital raised will fund medical, social and business projects in many of the bank’s 5


Dubai Economy issues 41,252 e-MOA, addendums

The Business Registration & Licensing (BRL) sector in Dubai Economy has issued 41,252 electronic Memorandum of Association (MOA) and e-MOA addendums from January 2019 to end-May 2020. This is in line with the Federal Decree-Law No. 7 of 2018 by President His Highness Sheikh K


OFID approves $243m to support developing countries

The Opec Fund for International Development, OFID, has approved US$243 million in new funding to support developing countries across the globe. The organisation also reported that it is already helping developing countries to mitigate, contain and recover from the effects of the


WGS webinar discusses investment dynamics amid Covid-19

The World Government Summit recently addressed regional and global investment dynamics in the “new normal” of the post COVID-19 world. Addressing the webinar were Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adn


DGCX, Albilad partner to provide pricing data for ETF

The Dubai Gold and Commodities Exchange (DGCX) has partnered with Albilad Capital to provide pricing data for the company’s recently launched Shari’ah compliant, gold-backed Exchange Traded Fund (ETF). The ETF, listed on Tadawul, uses data from the DGCX’s Shari&


Ahli Bank seals strategic partnership with Dhofar Insurance

Oman-based Ahli Bank said it has entered into a strategic alliance with Dhofar Insurance Company, a market leader with a proven track record, in bid to provide a diverse bundle of banking and financial products and services to its customers.   As per the deal, A


Middle East sees M&A activity boom despite Covid-19 crisis

The merger and acquisitions (M&A) activity in the Middle East region is reviving as governments take measures to diversify their economies away from oil.    In a matter of days, about $25 billion in deals have been struck in the oil-rich region, includi


All sectors can return to normalcy says Dubai Economy

Dubai Economy has announced that all economic sectors can return to normal working hours as they were before the outbreak of Covid-19, following the successful completion of the National Disinfection Programme.   The establishments must adhere to precautionary m

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