Chubb Arabia, Saudi AlAhli Takaful discontinue merger discussions
Chubb Arabia Cooperative Insurance Company and AlAhli Takaful Company announced they agreed to end and discontinue merger discussions. The…
Hedge Funds & Alternative Investments
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Emirate of Sharjah to raise $250mln in 2029 sukuk re-opening
Sharjah, the third-largest of the United Arab Emirates, sold $250 million in a re-opening of existing sukuk due in October…
Why is Mergers and Acquisitions Thriving in These Regions?
While the coronavirus pandemic has had a negative impact on many businesses throughout 2020, a recent rebound in mergers and…
MENA startup founded by ex-McKinsey consultant raises $2.3 million
Glowing success: Wahaj Ahmed is a former McKinsey consultant who was previously the youngest ever General Manager at Dubai-based ride…
Firm hired to audit Lebanon central bank has not received all requested info – sources
Restructuring consultancy Alvarez & Marsal has yet to receive all the information it has requested to conduct a forensic audit…
DFM announces direct deal on Emirates Refreshments' shares
The Dubai Financial Market has announced a direct bulk deal on around 1.47 million shares of Emirates Refreshments Company at…
Most UAE investors plan to adjust portfolios prior to US polls – UBS
The 2020 US election is less than a week away. According to a survey by global wealth manager UBS, 72…
Dentons advises Commercial Bank of Dubai on its issue of Additional Tier 1 capital securities​
Dentons has advised longstanding client Commercial Bank of Dubai on its issue of US$600 million perpetual Additional Tier 1 capital…
Ooredoo Kuwait Reports 8% Improvement in EBIDTA and 2% in Customer Base in Q3 2020 vs. Q2 2020
The first to launch e-learning solutions to support the Educational System in Kuwait Ooredoo Kuwait has announces its third quarter…
Trade between Saudi Arabia, Egypt worth $6.8bn, report shows
Trade exchange between Egypt and Saudi Arabia totalled about $6.8 billion in 2019, a slight drop on the $7.1 billion…
Bahrain's robust banking sector 'a role model for region'
Banking sector has emerged as a role model in attracting major regional and international financial institutions to Bahrain, localising their…
Saudi Mawani, KPMG Al Fozan sign deal to achieve financial sustainability
The Saudi Ports Authority (Mawani) and KPMG Al Fozan & Partners on Wednesday signed a contract to renew their partnership.…