HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said that the decision will be enforced by Q3 2018. (Image source: www.sheikhmohammed.ae)

In line with the UAE?s position as a primary destination for international investors and a global talents, the UAE Cabinet, chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has adopted a new system of entry visas for investors and professional talents providing them with a long-term visa for up to 10 years

Saudi Tabreed has an operations and maintenance contract for the district cooling plant at King Abdullah Financial District. (Image source: hamza82/Flickr)

GIB Capital, the investment banking subsidiary of Gulf International Bank (GIB), has advised Saudi Tabreed District Cooling Company on the private placement of a significant minority stake in Saudi Tabreed to IDB Infrastructure Fund II

Saudi Arabias economy was hurt by the slump in oil prices. (Image source: James N. Mattis/Flickr)

Rating agency Moodys said that Saudi Arabias efforts to reign in spending would slow the growth of its non-hydrocarbon sector, seen as an important step in diversifying the economy away from oil revenues

Banks are currently acquiring, partnering and also sponsoring fintech companies. (Image source: Laymanzoom/Adobe Stock)

The current MENA fintech market is estimated at US$2bn and expected to witness an annual growth of US$125mn until 2022, according to MENA Research Partners (MRP), who added that increasingly compelling business models of fintech are expected to drive the market growth further