Business & Economy
Saudi Venture Capital to increase allocation to private credit funds
Saudi Venture Capital (SVC), a state-backed investor and part of the National Development Fund (NDF) with more than…
Category: Business & Economy
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Business & Economy
UAE ombudsman Sanadak slashes financial complaint resolution time to 15 working days
Sanadak, the UAE financial ombudsman, has cut complaint resolution times from 30 to 15 working days — a…
Business & Economy
IHC acquires majority stake in Pakistan’s First Women Bank Limited
IHC, Abu Dhabi’s global investment company and the most valuable company listed on Abu Dhabi Securities Exchange (ADX),…
Business & Economy
Dubai’s DIFC surpasses 8,000 companies as banking assets triple to $240 billion
Dubai International Financial Centre (DIFC) has cemented its position as the Middle East, Africa and South Asia’s largest…
Business & Economy
Saudi fintech Tamara gains UAE Central Bank approval to boost Gulf expansion
Saudi Arabia’s first homegrown fintech unicorn, Tamara, has received a restricted finance licence from the Central Bank of…
Business & Economy
Kuwait Fund wins award for financing $416 million water project in Egypt
The Kuwait Fund for Arab Economic Development has received the 2024 Abdullatif Yousef Al-Hamad Development Award for financing…
Business & Economy
Emirates NBD to acquire controlling stake in India’s RBL Bank in $3bn deal
Emirates NBD Bank and RBL Bank Limited have approved entering into definitive agreements for Emirates NBD to acquire…
Business & Economy
UAE exempts 222 citizens from $39mn in debts
The initiative, which operates under the supervision of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime…
Business & Economy
Dubai Future District Fund reports $1.65bn boost, support for 190 startups
Dubai Future District Fund (DFDF), has unveiled a dynamic performance update for 2024 at its Annual General Meeting,…
Business & Economy
Former Lebanese PM Saad Hariri registers SPV company at ADGM
Saad Hariri, the former Lebanese Prime Minister and businessman, is launching an investment firm in Abu Dhabi, Bloomberg…