Monday 15 October 2018

Dubai set to host third Fintech Summit

Financial technology (fintech) heavyweights will return to Dubai on October 30 on board the Queen Elizabeth 2 at Port Rashid for the third annual Fintech Summit, organised by leading regional deal facilitation company Naseba. With the Middle East’s financial landscape rapid


J P Morgan appoints senior expert to Mena team

J P Morgan Private Bank, a global financial leader providing advice and customized solutions, has announced the appointment of Adrian Jossa as executive director and senior banker to the Mena team. Jossa will lead on new client acquisitions across the Mena region, while providing


Arcapita invests in Saudi women’s fitness chain

Arcapita, a global leader in Shari’ah-compliant alternative investments, has invested in NuYu, a leading chain of women-only boutique gyms in Saudi Arabia.  Arcapita’s capital will help NuYu deploy over SR250 million ($67 million) to grow its network of b


Waha buys minority stake in Petronash in $88m deal

Waha Capital, a leading investment company based in Abu Dhabi, UAE, has acquired a significant minority stake worth $88 million in Dubai-based Petronash Holdings, a global oilfield services and manufacturing company. The deal, includes options to further increase Waha Capital&rsq


Al Salam offers rewards on its Visa credit cards

Al Salam Bank-Bahrain, a top Shari’a-compliant bank in the Kingdom, has launched a special rewards offer on its range of Visa Credit Cards from October 15 until December 14.  Visa credit cardholders can now take advantage of this special rewards on every BD 1 ($2.65) t


UAE clarifies tax for 'compensation-type payments'

UAE’s Federal Tax Authority (FTA) has issued a public clarification regarding tax treatment of compensation-type payments, noting that value added tax (VAT) is imposed on supplies of goods and services and if any payment does not relate to a supply of goods or services, then the payment i


Fairway Group launches operations in Bahrain

Fairway Group, the Jersey-based independent, owner-managed fiduciary business offering trust, fund and pension services, is expanding internationally with the opening of operations in Bahrain. Initially the new office will be used primarily to provide trust services to high net w


BIBF, AFS partner to launch payments programme

Arab Financial Services (AFS), a top payment solutions provider and the Bahrain Institute of Banking and Finance (BIBF) have signed an agreement to launch a graduate development programme under the “Payments Academy.” The programme will train and upskill financial ser


Bahrain to host KPMG MESA summit in November

Bahrain will be hosting the annual KPMG Middle East & South Asia (MESA) Partners Conference, which also coincides with KPMG’s 50th anniversary celebrations in the Kingdom. The MESA Partners Conference will take place on November 7 – 8, which includes a public rece


Badir contribution to Saudi economy hits $560m

Badir Program for Technology Incubators and Accelerators, an initiative of KACST, has contributed SR2.1 billion ($560 million) to Saudi Arabia's economy on a cumulative basis from 2010 to the end of last year, a report said. Badir Program for Technology Incubators and Acceler

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