Emirates NBD adds impetus to SLL bond push: IFR
The growth of sustainability-linked loan financing bonds has taken a step forward with a Middle East bank becoming one of…
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Egypt: Al Ahly for Development’s consolidated profits hike 281% YoY in Q1 2024
Al Ahly for Development and Investment’s (AFDI) consolidated net profits after tax and non-controlling interest soared 280.5% year on year…
Egypt’s Commercial International Bank names Tony Prestedge as executive board advisor
The Commercial International Bank (CIB), one of the largest private sector banks in Egypt, has hired “veteran transformation banker” Tony…
Revolut bags investment from UAE sovereign fund
Challenger bank Revolut has seen its valuation rise to $45bn after Mubadala, the Abu Dhabi-based sovereign wealth fund acquired a…
SG WealthTech platform StashAway launches HNWI wealth offering in the UAE
Clients in MENA with $100,000 of assets with StashAway will be upgraded to Reserve. Singapore WealthTech platform StashAway has…
Africa’s richest man, Aliko Dangote, to establish family office in Dubai
Aliko Dangote, Africa’s wealthiest individual, is preparing to open a family office in Dubai, joining a growing number of high-net-worth…
Investec extends footprint with Dubai International Financial Centre office launch
The office connects high-net-worth clients, family offices, and financial institutions in the Gulf Cooperation Council (GCC) to Investec's international network.…
Record growth drives cost advantage of renewable power
With continuous costs decline, the socio-economic and environmental benefits of renewables are now uniquely compelling Renewables remain competitive despite fossil…
Ras Al Khaimah Transport Authority wins Middle East Technology Excellence Awards 2024
Government roads and transportation authority Ras Al Khaimah Transport Authority (RAKTA) received the prestigious Middle East Technology Excellence Awards 2024…
Mubadala acquires stake in Revolut
UAE-based investor Mubadala has announced its decision to take a substantial stake in fintech firm Revolut via a share sale…
Saudi Arabia’s Sovereign Wealth Fund’s Big AI Bets Include Mistral And Databricks
The Middle Eastern kingdom’s sovereign wealth fund has become one of the world’s most important investors, doling out over $3…
Penthouse.ae closes record-breaking AED 125mln off-plan villa sale in Dubai
Penthouse.ae, powered by Metropolitan, a Dubai-based full-service real estate agency specializing in serving the needs of Ultra High Net Worth…