The transition to accrual accounting represents a critical step that increases the efficiency of the federal budget and improves public financial management in the country. The fi …
UAE energy sector is ripe for ‘green’ funds
Despite the unwavering advantages found in financing renewable energy efforts, a majority of financial institutions in the UAE are hesitant to participate on account of numerous v …
Pinsent Masons grows its Financial Services offering in Dubai; appointment of Banking & Finance partner
Multinational law firm, Pinsent Masons, has appointed Banking & Finance partner Matthew Escritt to lead the firm’s Banking & Finance practice in the Middle East, based in Dubai. Matthew joins from …
Jordan gov’t committed to supporting industrial sector – Hammouri
Attending a ceremony held by Al Zaitouneh company for chocolate manufacturing to announce the production of vitamin- and mineral-fortified chocolate, Hammouri said that the government has contributed …
WB approves $100m in support for Syrians, host communities in Jordan
The World Bank on Wednesday approved a $100 million financial assistance package to increase access to jobs and create better work conditions for Jordanians and Syrian refugees.According to a press …
Germany, Sri Lanka sign agreement on Technical Cooperation
The Government of Federal Republic of Germany and the Government of the Democratic Socialist Republic of Sri Lanka signed the Technical Cooperation Agreement between the two countries on 10th of June …
Saudi Arabia’s Amlak International announces intention to float
Saudi Arabia’s Amlak International for Real Estate Finance will proceed with an initial public offering of 30% of its shares on the Riyadh exchange, it said in a statement on Sunday.
Saudi Home Financing Firm Starts 1st Mideast IPO Since Virus
Amlak International for Real Estate Finance plans to sell shares in an IPO this month in what will be the first Middle Eastern sale since the coronavirus prompted governments to shut down …
Turkey and Russia put off talks expected to tackle Libya and Syria
Russia and Turkey have postponed ministerial-level talks which were expected to focus on Libya and Syria, where the two countries support opposing sides in long-standing conflicts. Turkish Foreign Min …
Philippines’ MerryMart to Build Stores in Founder’s Properties
One of 10 MerryMart Consumer Corp. outlets will be located in DoubleDragon Properties Corp. malls, offices and hotels in the next 10 years, Edgar Sia, who heads both companies, said.