Egypt’s external debt down to almost $111bn
The Central Bank of Egypt has announced, for the first time in years, a fall in the country’s external debt.…
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Waha Capital initiates fresh income generating Islamic fund
Waha Capital has announced the launch of a new income-focused Islamic fund, adding to its three existing funds within its…
Dubai plans comeback to international debt markets
Dubai has hired banks to advise it on its comeback to the international debt markets as the Middle East trade…
additiv targets Middle East expansion with new regional headquarters and appointment of Managing Director for UAE
additiv has announces the opening of a new office in Dubai as well as the appointment of a Managing Director…
UAE makes significant progress in combating money laundering and terror funding
In its continuing efforts to strengthen the UAE’s Anti Money Laundering and Counter Terrorist Financing (AML/CFT) framework, the National Committee…
Bupa Investments raises stake in Saudi's Bupa Arabia for $134mln
Bupa Investments Overseas Limited (BOIL) has completed the acquisition of four percent of Nazer Group’s stake in Bupa Arabia, raising…
Ahlibank offers medium-term bonds worth $2bn
Ahlibank has mandated Barclays, Mizuho Securities, QNB Capital and Standard Chartered Bank as joint bookrunners for its upcoming offering under…
First Abu Dhabi Bank plans to issue perpetual bonds as soon as September – sources
First Abu Dhabi Bank plans to issue Additional Tier 1 (AT1) bonds as soon as September, two sources familiar with…
UAE banks' investments in debt securities hit $72bln in June
The banks operating in the UAE have increased their investments in debt securities by 12% year-on-year (YoY) or around AED…
Dubai banks see 5% higher assets in H1-20
The assets of Dubai's banks jumped by about 5.3% to AED 1.53 trillion in the first half (H1) of 2020,…
CEO Exits Private Bank Amid Dissolution
The CEO of the Swiss bank, in the process of being dissolved, is exiting. The exit is the latest chapter…
QSE declines by more than 77 points as Gulf funds square off their position
The Qatar Stock Exchange on Monday lost more than 77 points as the Gulf funds were increasingly seen squaring off…