10/07/2020
Alvarez & Marsal to administrate NMC Healthcare in UAE
The pair are now managing NMC’s affairs in London as well as across the UAE
Alternative Investments
10/07/2020
Ambani sells over $750 million Reliance Retail stake to Abu Dhabi Investment Authority
Founded in 2006, Reliance Retail serves more than 3.5 million customers each week (as of early this year) through its nearly 12,000 physical stores in more than 6,500 cities and towns in the country.
10/07/2020
GCC banks to see a wave of mergers amid pandemic-driven economic slowdown, Moody's says
Smaller banks are likely to merge or be acquired, ratings agency says
10/07/2020
How banks and insurers in Saudi Arabia are faring during Covid
Thankfully for the sector, the government very quickly took the financial burden for the pandemic off the insurance industry, covering treatment costs for citizens and residents in the country.
10/05/2020
Stakeholder capitalism - what is it, and how can it help the Middle East and North Africa?
The Forum’s Principles of Stakeholder Capitalism for the Middle East and North Africa is a roadmap for more inclusive economic growth
10/05/2020
Azimut to launch fixed income fund in Egypt
The move marks the fund as the first to contract with several receiving parties, with some allowing for subscriptions to take place electronically.
10/05/2020
Oman banks on SMEs, tourism to revive economy
Omani government data suggests that 77 percent of COVID-19 cases in the country are mainly from three governorates
10/02/2020
EBRD invests in Egypt-focused private equity fund
The EBRD’s investment in LCP Fund II helps to contribute to the development of private equity in Egypt and will help to provide long-term capital growth to small and medium-sized companies in the region.”
10/02/2020
Saudi Aramco and Sumitomo Chemical to lend Petro Rabigh $2 billion
The Japanese company also said the financial completion guarantees it and Saudi Aramco provided for financing the Rabigh Phase 2 refinery and petrochemicals complex project had been terminated as of Sept. 30.
10/02/2020
ADGM established close partnerships with over 100 Chinese leading institutions: Al Sayegh
The establishment of the ADGM’s first cross-border representative office in Beijing in May 2018 reinforces active role in facilitating bilateral trade, investment
10/02/2020
Discover Qatar draws over 100,000 visitors in 2019-20
Discover Qatar also provides a unique Qatar Stopover programme.
10/02/2020
SANAD, Banque du Caire strengthen partnership to support MSMEs in Egypt
NEW loan of $15m bolsters funding base for important economic pillars
10/02/2020
“GFH” decides to cancel the listing of its shares on the...
The shareholders’ approval of the agreements that we entered into with our commercial banking subsidiary, Khaleeji Commercial Bank, enhances its financial position and its ability to achieve greater contributions for the group during the coming peri
10/02/2020
G20 discusses ways to enhance access to opportunities in ME
During the forum; Younis Haji Al Khoori highlighted the need to benefit from opportunities in light of the COVID-19 crisis, and to enhance countries’ ability to adapt to the new environment it imposed.
10/02/2020
GFH intends to expand its investments in Saudi Arabia
Referred to as the “GFH Financial Group” previously acquired 4 schools in Riyadh in the Kingdom of Saudi Arabia.
10/01/2020
Saudi Arabia looks to cut spending in bid to shrink deficit
Saudi Arabia has issued about SR84 billion in sukuk in the year to date
10/01/2020
Qalaa Holdings records significant 105% y-o-y top-line growth in 2Q 2020 to EGP 7.4 bn and 148% on a six-month basis
Despite unprecedented global challenges; performance driven primarily by ERC which was officially inaugurated by H.E President Abdel Fattah El Sisi on 27 September
10/01/2020
Mubadala announces long term investment partnership with Silver Lake
Partnership will see Mubadala supporting Silver Lake with a $2 billion investment
10/01/2020
UAE construction industry on edge as Arabtec eyes 'liquidation
UAE banks already reducing project funding and it adds to uncertainty for contractors
10/01/2020
Middle East’s first sovereign green bond sees strong demand
The Arab world's most populous nation sold the 5-year notes at a yield of 5.25%, well inside an opening target of about 5.75%, after amassing more than $3.7 billion of investor orders.