IFC commits $2 billion to support Middle East private sector
IFC, a member of the World Bank Group, stepped up its investments in the Middle East and North Africa (Mena),…
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Middle East sukuk thaws as bank pair hit the road
“It would be wrong to say that there’s a constructive environment throughout emerging markets, but Gulf credits, particularly high grade…
AUB in push for merger with KFH
Bahrain’s largest lender Ahli United Bank has announced that two investment banks are evaluating a fair share exchange ratio for…
Over 600 UAE bank employees laid off in 2017
More than 600 employees were made redundant by UAE banks last year as they reduced the number of branches, reveals…
'Kuwait Banking Association' instructs local banks to stop collecting SMS fees
According to verbal instructions from the Central Bank of Kuwait, Kuwait Banking Association has informed all local banks and branches…
UAE company backs new Soviet-influenced luxury vehicle
A new state-owned Russian carmaker, Aurus, has launched a Soviet-influenced luxury vehicle, with backing from a UAE investor, according to…
Actis bids for Abraaj's emerging market funds -sources
Actis, a leading emerging market investor, has bid to buy the bulk of the private equity funds’ business of stricken…
Finastra joins Bahrain FinTech Bay
Finastra has announced that it has joined Bahrain FinTech Bay. With one of the most diverse and dynamic networks across…
ABANA to Honor David Rubenstein for his Contributions to the MENA Region
ABANA has announced that David M. Rubenstein, Co-Founder and Co-Executive Chairman of The Carlyle Group will be the recipient of…
Famous Greek-Australian Chef to Create Dishes for Qatar Airways
Qatar Airways has announced its expanded collaboration with renowned Australian chef and restauranteur, George Calombaris, who will create a new…
IFLR Middle East Awards 2018: shortlist now live
The winners of these categories, plus national firms of the year, rising stars and the lifetime achievement award will be…
ADGM’s aviation finance structure utilised in sukuk issuance
The Abu Dhabi Global Market said it had facilitated the transaction of a 12-year sukuk issued by Natixis and Noor…