EconomyFeaturedUAE recorded $52 bn non-oil trade growth with Arab countries in H1 2021International Finance Business DeskSeptember 3, 2021 by International Finance Business DeskSeptember 3, 2021 The non-oil trade between the UAE and Arab countries grew by 29%... Read more
BankingFeaturedAjman Bank-Kamel Pay partner to bring innovative payment solutions to the UAEInternational Finance Business DeskAugust 23, 2021 by International Finance Business DeskAugust 23, 2021 The partnership will have a substantial impact on the adoption of secure and cashless payments across the UAE... Read more
FeaturedReal EstateDubai records 283 sales transactions worth Dh580.54 mn in a single dayInternational Finance Business DeskAugust 19, 2021 by International Finance Business DeskAugust 19, 2021 The massive sale consisted of 194 units, 31 buildings, and 58 land plots and the mortgages included 20 units, 5 buildings and 23 land plots... Read more
FeaturedOil & GasFujairah Oil Terminal secures $280 mn from Prostar CapitalInternational Finance Business DeskAugust 18, 2021August 18, 2021 by International Finance Business DeskAugust 18, 2021August 18, 2021 The latest funds will replace the existing senior debt along with creating a connection terminal to the Very Large Crude Carrier (VLCC)... Read more
FeaturedIslamic BankingSharjah Islamic Bank launches its new SIB digital accountInternational Finance Business DeskAugust 17, 2021August 18, 2021 by International Finance Business DeskAugust 17, 2021August 18, 2021 Sharjah Islamic Bank launches its new SIB digital account... Read more
EconomyFeaturedSaudi Arabia ranks first in the MSCI Emerging Market IndexInternational Finance Business DeskJuly 27, 2021July 27, 2021 by International Finance Business DeskJuly 27, 2021July 27, 2021 Out of the 25 countries, Turkey turned out to be the worst performer in the emerging market... Read more
FeaturedLogisticsDP World to expand in Africa with Imperial Logistics acquisitionInternational Finance Business DeskJuly 20, 2021 by International Finance Business DeskJuly 20, 2021 DP World to acquire Imperial Logistics for $890 mn... Read more
FeaturedPorts and ShippingOman’s port of Duqm seeks operator for new container terminalInternational Finance Business DeskJuly 16, 2021 by International Finance Business DeskJuly 16, 2021 An international tender has been launched to grant a 30-year licence... Read more
FeaturedIslamic BankingBoubyan Bank launches mobile-only Islamic bank in the UKInternational Finance Business DeskJuly 15, 2021 by International Finance Business DeskJuly 15, 2021 Nomo provides a mobile-first banking experience for the affluent, tech-savvy customers... Read more
Asset ManagementFeaturedMiddle East AUM rises by 11% to reach $1.2 tn in 2020International Finance Business DeskJuly 12, 2021July 12, 2021 by International Finance Business DeskJuly 12, 2021July 12, 2021 A report by Boston Consulting Group mentioned that the sector grew to $1.2 tn in 2020 from $1.1 tn in 2019... Read more