All Articles

Mergers & Acquisitions

Montfort Group enters East African market by acquiring Kencor Petroleum Limited in Kenya

September 14, 2021

Montfort Group announced the complete acquisition of Kencor Petroleum Limited (Kencor), an oil marketing company based in Nairobi, Kenya, that…

Read More

Awards and Recognition

IsDB Institute wins 'Best Islamic Research & Development' award for 2021

September 14, 2021

The Islamic Development Bank Institute (IsDBI) has gained yet another recognition by winning the ‘Best Islamic Research & Development Award’…

Read More

Hedge Funds & Alternative Investments

Mashreq, DAFZA sign MoU to boost SME growth

September 14, 2021

Mashreq Bank has signed a Memorandum of Understanding (MoU) with Dubai Airport Freezone Authority (DAFZA) to support and grow the…

Read More

Hedge Funds & Alternative Investments

Dubai's Emaar hires Emirates NBD for sale of e-commerce business Namshi – sources

September 14, 2021

Dubai's Emaar  has picked Emirates NBD  to advise it on the sale of fashion e-commerce business Namshi, sources said.  …

Read More

Hedge Funds & Alternative Investments

Dubai's Gulf Islamic Investments to acquire stake in Saudi healthcare firm

September 14, 2021

Dubai-based Gulf Islamic Investments (GII) will acquire a stake in a healthcare company in Saudi Arabia for $600 million as…

Read More

Comment & Analysis

Shuaa ex-deputy CEO eyes $1.3bn target with new asset management firm

September 14, 2021

The region’s asset management industry has grown by 11 percent, from $1.1 trillion of assets under management (AUM) in 2019…

Read More

Comment & Analysis

Best's market segment report: Profits and capital rebound for listed insurers in UAE

September 14, 2021

For the listed insurance market in the United Arab Emirates (UAE), the first half of 2021 has been marked by…

Read More

Islamic Finance

ADIB Partners with DenekB, a UAE based FinTech company, to expand digital payment choices for consumers in the UAE

September 14, 2021

Abu Dhabi Islamic Bank has announced its partnership with DenekB that is part of Visa’s Fintech Fast Track program, to…

Read More

Retail Banking

NBK succeeded in pricing USD1.0bln in senior unsecured bonds

September 14, 2021

First callable structure for a senior unsecured (fixed to floating) bond from the CEEMEA region The large demand from global…

Read More

FinTech

Egypt's B2B e-commerce startup Capiter raises $33mln Series A

September 14, 2021

Capiter has  announced that  it has raised a $33 million Series A. Co-led by Quona Capital and MSA Capital alongside…

Read More

Awards and Recognition

Dubai’s Klaim bags funding and wins tech innovation competition

September 14, 2021

Dubai-based insurtech platform Klaim has enjoyed a flying start to the post-summer season, roping in $1.6 million in fresh funding…

Read More

Hedge Funds & Alternative Investments

QFC, Rwanda Finance sign agreement to promote mutual collaboration

September 14, 2021

Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, signed a Memorandum of Understanding (MoU)…

Read More