Banking FeaturedStandard Chartered shuts operations in many Middle East, African countriesIFM CorrespondentApril 19, 2022 by IFM CorrespondentApril 19, 2022 This step has been taken to improve profits by narrowing its focus to faster-growing markets situated in the region.... Read more
Featured TechnologyGlobal IT spending to increase by 5.5% to reach $4.5 tn in 2022IFM CorrespondentNovember 22, 2021November 22, 2021 by IFM CorrespondentNovember 22, 2021November 22, 2021 Around $1.5 tn will be spent on communications services... Read more
Economy FeaturedChanges in policy framework key to transforming recovery in MENA: IMFIFM CorrespondentOctober 25, 2021 by IFM CorrespondentOctober 25, 2021 While several countries in the region have made significant strides, but the progress has been inconsistent... Read more
Economy FeaturedIFC invests $10.4 bn in the private sector of MENAWebAdminAugust 25, 2021 by WebAdminAugust 25, 2021 The funds will help thousands of small businesses gain access to finances, trading, and partnership... Read more
Featured TechnologyCybercrime, corporate fraud costing global economy $11 tn each yearWebAdminJuly 6, 2021 by WebAdminJuly 6, 2021 Global cybercrime costs to grow by 15% per year over the next five years... Read more
Featured Islamic FinanceGlobal Islamic Finance to grow by 12% in 2021-22: S&PPritam BordoloiMay 4, 2021 by Pritam BordoloiMay 4, 2021 The growth will be driven by increased sukuk issuance in key markets... Read more
Energy FeaturedEgypt to establish MENA’s biggest petrochemical complexPritam BordoloiApril 30, 2021 by Pritam BordoloiApril 30, 2021 The complex will be constructed in the Ain Sokhna industrial zone... Read more
Featured TechnologyMENA IT spending to reach $171 bn in 2021Pritam BordoloiApril 27, 2021 by Pritam BordoloiApril 27, 2021 Businesses in the region are likely to spend $7.6 bn more on IT this year... Read more
Featured FinanceMENA startups raise $170 mn in the first quarterWebAdminApril 9, 2021 by WebAdminApril 9, 2021 UAE, Egypt and Saudi completed 125 deals worth $396 mn in the first quarter of 2021... Read more
Business Leaders FeaturedGoldman Sachs hires new head for private wealth management unit in MENAPritam BordoloiApril 8, 2021 by Pritam BordoloiApril 8, 2021 Goldman Sachs has hired ex-UBS Group banker Gabriel Aractingi... Read more