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CBB announces overnight rate cut after US Fed moveGCC central banks have slashed interest rates after the US Federal Reserve voted to lower interest rates by a half percentage point on Wednesday. The Federal Reserve slashed its benchmark interest rates by 50 basis points, leaving rates at a range of 4.75% to More… |
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PIF-backed eWTP Arabia Capital rebrands as ewpartnerseWTP Arabia Capital, the first international private equity firm to establish an Asia-Saudi cross border investment platform, has rebranded as ‘ewpartners’ as it celebrates seven years in the kingdom. Since it was launched in Riyadh in 2017, ewpart More… |
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MUFG appoints Yoshi Katsuda as Middle East Regional HeadMUFG EMEA has announced the appointment of Yoshi Katsuda as Regional Head for Middle East. Katsuda will be responsible for all operations from the Dubai International Financial Centre (DIFC) branch in Dubai as MUFG continues to service clients across the Middle East with a focus on innovation More… |
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Reversal of oil cuts to double GCC growth in 2025: ReportThe Middle East’s economic growth is expected to see a significant acceleration to 3.7% in 2025, largely driven by the reversal of oil production cuts by Opec+, following a projected 2.1% growth in 2024, a report says. Painting a cautiously optimistic outlook for the region, the More… |
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GCC non-oil growth remains robust this yearThis year has seen relatively positive economic developments for countries in the GCC with strong non-oil growth amid looming uncertainties. However, the year has still been challenging for the broader Middle East region, with the economic impact of the More… |
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Expand North Star to kick off on October 13 in DubaiPreparations are in full swing for an action-packed Expand North Star, the world's largest event for global startups and investors, which will take place at Dubai Harbour from October 13 to 16. Organised by Dubai World Trade Centre and hosted by Dubai Cham More… |
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GFH and FII Institute extend strategic partnershipGFH Financial Group (GFH), a leading financial institution headquartered in Bahrain, and FII Institute, a global non-profit foundation, have extended their strategic partnership by three years. The tie-up aims at fostering global innovation and sustainable dev More… |
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Al Fujairah National Insurance Co launches FloodGuardAl Fujairah National Insurance Co (Afnic) has launched ‘FloodGuard’, the region’s first insurance product exclusively covering accidental loss or damage from Flood, Inundation, Storm and Tempest for third-party insured motorists. FloodGuard o More… |
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UAE's banking net international reserves up 8.1pc in H1Net international reserves of the UAE’s banking sector increased by 8.1% during the first half of the year , reaching AED1.238 trillion ($337 billion) at the end of June, compared to AED1.145 trillion at the end of the same period last year. More… |
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Playbook Partners launches $250m fund backed by Mideast, EuropeIndia-based growth capital firm Playbook Partners has announced first close having raised over $130 million through established global investors from Middle East, Europe, US, and India. In response to strong institutional investor interest, the fund is u More… |
