Lebanese banks turning to France to outflank government rescue plan
Lebanon’s banks are trying to outmanoeuvre the government before the new premier forms a cabinet, throwing prospects for a bailout…
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Turkish banking sector’s credit volume increases
The Turkish banking sector’s credit volume increased by over TL 15.18 billion ($2.01 billion) in the week of Sept. 4-11,…
Preqin opens new office in Dubai
Preqin has announce that it has established a new permanent office in Dubai, United Arab Emirates. This location marks…
Egypt-Based EFG-Hermes Sells Controlling Stake In British Solar Project For $647M
Egyptian investment bank EFG-Hermes Holding’s private equity arm, Vortex Energy, sold a controlling sale in a British solar project to…
Wiz Holding closes $2mn seed round
Wiz holding has announced that it closed a seed round from international investors from the USA, Canada and KSA who…
ADQ acquires shares in global logistics firm Aramex
ADQ has announced it has acquired approximately 22 percent of the issued share capital of Aramex. Murtaza Hussain, Acting…
Credit Suisse AM partners with Qatar Investment Authority
Credit Suisse Asset Management has partnered with Qatar Investment Authority to create a private credit platform. According to a…
COVID-19 or not, these 7 UAE SME business ideas are here to stay
look at the top 7 COVID-19 and time-tested SME business ideas today, but also why the UAE is the right…
UAE Central Bank reviews continuous development plans, new initiatives
The Board of Directors of the Central Bank of the United Arab Emirates, CBUAE, today reviewed the new initiatives and…
Backed by billionaire Simons, former bank CEO shifts to fintech
Rakefet Russak-Aminoach, who previously led one of Israel’s biggest banks, has enlisted one of the world’s richest men to bankroll…
DP World and Dubai Customs to explore trade links with Israel
DP World, one of the world’s biggest port operators, and Dubai Customs will explore opportunities to develop trade links between…
Iraq's inability to borrow money has 'plunged it into crisis'
A member at the Iraqi parliament’s finance committee yesterday said that the country’s federal budget would be released “soon”. …