Leading News Source For Middle East
Qatar Islamic Insurance Group (QIIG) has entered into a digital partnership with global technology company SAP with aim to improve customer services, Salaam Gateway reports. The three partnership deal will provide an integrated cloud platform application of SAP Customer Experience Read more
FA Holding, a Group based in Bahrain has invested $200,000 in UAE-based and plant-based kid food startup, Sprout FZCO. The fresh investment will be used for retail expansion of products and services, Sprout FZCO said in a statement. Founded by Read more
Saudi British Bank, SABB, has appointed former CEO of Singapore HSBC Tony Cripps as its new CEO as incumbent managing director and chief executive officer David Dew is set to leave on May 23, 2021, reports say. Cripps boasts more Read more
Al Ahli Bank of Kuwait (ABK) has appointed from deputy CEO of the National Bank of Kuwait as the CEO in the UAE. “We are very pleased to welcome Omar to ABK. He has an excellent track record of strong Read more
The Central Bank of UAE has slapped multiple millions of dollars sanctions on 11 banks operating in the country for facilitating money laundring, reports say. The sanctions according to the Central bank were confirmed Jan. 24 and valued at 45.8 Read more
Saudi Arabia monarch King Salman has named former top adviser and head of Board of Directors of the Saudi Stock Exchange Tadawul, Dr Fahad bin Abdullah bin Abdullatif Al Mubarak, as the new governor of the kingdom’s central bank, reports Read more
Saudi venture capital firm, KBW Ventures, has participated in the financing of $60 million debt of US cellular seafood firm BlueNalu, the company said Wednesday. The investment came during the Series A funding round of BlueNalu. KBW Ventures is owned Read more
Credit Suisse has opened a new branch in Saudi Arabia to provide extra financial services in the Gulf Kingdom, after securing in 2019 local banking license for the purpose, reports say. The financial institution on Monday said it had opened Read more
Oman expects to raise OMR300m ($779m) in revenue this year as it begins the implementation of 5 per cent of VAT, reports say. The sultanate Friday announced the 2021 budget marked by a 14 per cent drop in spending and Read more
The European Investment Bank, EIB, will finance up to €1.1 billion three metro projects in Egypt following an agreement with the North African country, Arab Finance reports citing a statement from the Egyptian government. The financing includes €138 million for Read more