Equiom continues to grow in the UAE with new hires
Equiom have announce two new appointments to its Equiom (Isle of Man) Limited (DIFC Branch) office. Chris Cain joins as…
Hedge Funds & Alternative Investments
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Swicorp announces the opening of the first cinema in Hafr Albatin City at Al Makan Mall
Swicorp, the Fund Manager of Swicorp Wabel REIT has announced the opening of a multi-screen cinema theatre at one of…
Abu Dhabi's Eshraq Investments to resume share buyback
Eshraq Investments will resume a share buyback programme and “rebalance” its investment portfolio. The company is also engaging with Sharia…
Suez Canal Bank closes subscriptions to investment fund
Egypt’s Suez Canal Bank has announced the successful close to subscriptions to its new Daily Suez investment fund. The…
Oman secures $2bln bridge loan – sources
The government of Oman has signed a one-year $2 billion bridge loan with a group of international and regional banks,…
Saudi Arabia's Aramco raises domestic petrol prices
Saudi giant, Aramco, has raised its domestic gasoline prices for August, state TV reported yesterday. In July, the state-owned…
Dubai's Emirates NBD in early talks for possible acquisition of Blom Bank Egypt
Dubai's biggest bank, Emirates NBD, is in preliminary discussions with Lebanon's Blom Bank,regarding the possibility of a potential acquisition of…
Samba Financial Group Chooses Dubai International Financial Centre for International Operations
> First Saudi Arabian banking license launched in DIFC >DIFC presence will help Samba Financial Group access the regional markets…
Dubai leads most major Gulf markets higher; Egypt quiet
Most major Gulf bourses ended higher on Wednesday, with the Dubai's index buoyed by gains in Emirates NBD Bank after…
Al Salam Bank Reports a Net Profit Attributable to Shareholders of BD 7.1 Million in the First Half of 2020
Al Salam Bank-Bahrain (“ASBB”) (Bahrain Bourse Trading Code: “SALAM”; Dubai Financial Market Trading Code: “SALAM_BAH”) reported a net profit attributable…
CDC reinforces Egyptian ties with new appointment
The hire of an experienced development finance professional is intended to improve the UK development finance institution's relationships in Egypt,…
Al Baraka Banking Group first-half profit falls as pandemic provisions soar 345%
Islamic bank Al Baraka posted $47.09 million in half-yearly profit attributable to equity holders, a fall of 16% compared to…