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Property & Real Estate

Dubai’s Samana Developers targets ultra-wealthy with $600mn Elie Saab Maldives hideaway

January 24, 2025

Dubai-based Samana Developers, in partnership with luxury fashion house Elie Saab, is courting regional footballers and ultra-high-net-worth individuals for its…

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Uncategorized

Dubai lures Chinese banks looking for opportunities in wealth management

January 24, 2025

Growing connections between China and the Middle East are prompting Chinese and Hong Kong financial companies to set up shop…

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FinTech

Praxis collaborates with Allvue Systems to deliver customer-centric innovation in international fund administration

January 24, 2025

Praxis has selected alternative investment software provider Allvue Systems to enhance its fund administration services.    This move further aligns…

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Hedge Funds & Alternative Investments

Saudi Arabia plans $600 billion in new US investment, trade over four years

January 23, 2025

Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into…

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Regulation, Risk & Compliance

Pakistan says it has agreed $1bln loan with two Middle East banks

January 23, 2025

Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7% interest rate, its…

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Hedge Funds & Alternative Investments

Saudi Vision 2030 spurring growth across the real estate sector, says industry leader at Davos

January 23, 2025

Saudi Arabia’s real estate sector is undergoing a transformation that ranges from affordable housing to luxury living under the Kingdom’s…

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Legal

Ecobank faces $68m lawsuit over alleged defamation, coercion

January 23, 2025

Ecobank Transnational Incorporated (ETI), its CEO Jeremy Awori, and two other entities affiliated with the financial institution are facing a…

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Regulation, Risk & Compliance

African Development Bank approves USD 170 million loan to support Egypt’s private sector and economic diversification

January 23, 2025

The African Development Bank has approved a loan of USD 170 million to the government of Egypt for the implementation…

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Retail Banking

Burgan Bank Launches Responsible Waste Management Initiative in Collaboration with Tadwire

January 23, 2025

Burgan Bank announced launching a waste management and recycling initiative at its head office in collaboration with Tadwire, the first…

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FinTech

Paymob lands Retail Payment Services licence to further UAE expansion

January 23, 2025

Paymob, an Egypt-based B2B merchant financial services platform, has been granted a Retail Payment Services (RPS) licence by the Central…

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Islamic Finance

Maples Group supports Warba Bank with launch of $200mln Islamic fund

January 22, 2025

Warba Bank has expanded its global investment products offering by establishing a Cayman Islands-based Shariah-compliant structure to allocate capital to…

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Environment and Sustainable Investments

Gulf Bank completes sustainability governance infrastructure

January 22, 2025

Abdulrahman Al-Saddah: “We have taken a significant step toward strengthening the Bank’s role in achieving sustainable development goals.” Meshal Al-Wazzan:…

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