Saudi wealth fund near to buying stake in ACWA Power
Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 percent stake in ACWA Power International…
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ADSI granted financial services permission by ADGM
ADSI then applied for and was granted a Financial Services Permission by the Financial Services Regulatory Authority of the Abu…
ADIB fourth-quarter net profit up 33.4% on fees income, lower impairments
Profits at Abu Dhabi Islamic Bank, the capital’s biggest Sharia-compliant lender, rose 33.4 per cent increase in the fourth quarter…
Nasdaq and Palestine Exchange sign new market technology agreement
Nasdaq Inc. and Palestine Exchange have signed a new market technology agreement for Nasdaq to deliver new matching engine technology…
Dubai Holding appoints new CEO to run $35bn firm
Dubai Holding appointed Amit Kaushal as chief executive officer, replacing Edris Alrafi who left the investment firm owned by the…
CBI 2017 net profit surges 40pc to $47.6m
Dubai-based Commercial Bank International has posted a net profit of Dh175 million ($47.6 million) for 2017 as compared to Dh125…
Abraaj Group Denies It Misused Healthcare Funds
Dubai-based private equity investor Abraaj Group has denied reports that it misused funds intended for healthcare projects in South Asia…
Egypt net foreign reserves rise to $38.2bln at end-Jan
Egypt's foreign reserves registered in January the biggest month-on-month jump since July last year as the country pushed forward with…
A Worryingly ‘Exceptional’ Week by Gary Dugan
That was an exceptional week in financial markets and worrying too. There have been only two occasions in the past…
Five Egyptian investment banks receive MENA Fund Manager Performance Awards
Five Egyptian investments bank have received the MENA Fund Manager Performance Awards 2018 in Dubai, winning a total of nine…
UAE's Abraaj hires KPMG to look into healthcare fund after reported row with investors
Dubai-based private equity firm Abraaj Group has hired global auditing firm KPMG to look into the finances of its healthcare…
Gulf banks continue innovative funding run
QNB's two year floating rate note was sold at 135bp over Libor and, placed on Wednesday, was sole-arranged by Bank…