Press Dossier   By Date  08/08/2022
GCC needs to secure its investment landscape: Report
CAIRO: Real and perceived political risks, the lack of focus on non-oil sectors, laxity in regulatory policies and a restrictive business environment are some of the factors impeding the growth of foreign direct investment in the Gulf Cooperation Council region, said a recent study.
Saudi Arabia targets $3.3tr of cumulative investments till 2030, says deputy minister
RIYADH: Saudi Arabia has enacted over 600 economic reforms since the launch of the Vision 2030 blueprint in a bid to attract SR12.4 trillion ($3.3 trillion) of cumulative investment and SR1.8 trillion in foreign direct investment inflows between 2021 and 2030 as part of the National Investment Strategy, said a deputy minister from the investment ministry.
Global oil prices dip on weakening market sentiment
A high commodity price environment over the last quarter, coupled with operators remaining disciplined with their spending, has resulted in massive profits for major oil producers.
BaaS is shaping Saudi Arabia’s payments industry
Financial services in the Middle East, and particularly in Saudi Arabia are constantly evolving.
Deal signed to further stimulate growth of Dubai’s creative sector
Dubai CommerCity, part of the Dubai Integrated Economic Zones Authority (DIEZ) and the region’s first and leading e-commerce free zone, signed a Memorandum of Understanding (MoU) with Dubai Culture and Arts Authority (Dubai Culture) to create a healthy ecosystem and further stimulate the growth of Dubai’s creative sector and enhance the emirate’s attractiveness as a global hub for the creative economy.
Dubai Chamber of Digital Economy forms new group to boost industry
Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, has announced the formation of the Dubai Digital Assets Business Group (D2A2), which aims to strengthen the digital asset industry’s role in the economic development of the UAE and the wider Middle East region, enhance digital business infrastructure and support the growth of digital companies in Dubai.
FAB, ENBD rank among top five Mideast lenders as assets of 22 UAE banks hit Dh3.023t
First Abu Dhabi Bank and Emirates NBD, the two largest banks of the UAE, are ranked among the top five lenders in the Middle East, according to Forbes’ list of Top 30 Banks 2022 in the region.
UAE national banks’ assets up by 4 percent to $823 billion in Jan-May 2022
The total assets of the 22 national banks in the UAE grew by 4 percent – or AED 117.3 billion – to hit AED 3.023 trillion in the first five months of 2022.
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