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 the United Arab Emirates (CBUAE), the...
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 Egypt’s Bahr Al-Baqar wastewater treatment and...
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 a controlling stake in RBL Bank...
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 Minister and Chairman of the Presidential...
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, highlighting more than $1.65bn in capital...
