UAE billionaire Hussain Sajwani, family still own over 85% of firm, DAMAC clarifies
Dubai’s real estate developer DAMAC Properties clarified on Wednesday that only a small portion of the company’s shares are owned…
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FAB opens Jakarta office to support MENA-Indonesia trade and investment
First Abu Dhabi Bank Wednesday announced the expansion of its global network into Asia with the opening of a representative…
Natixis sees more deals coming from Gulf states monetising oil assets
Natixis expects oil-rich Gulf states to accelerate privatisations, including by extracting revenue from oil assets, with Saudi Arabia and possibly…
British Arab Commercial Bank appoints two independent non-executive directors to board
Trade specialist, British Arab Commercial Bank (BACB), has today announced that Mr Sundeep Bhandari and Mr Nigel Boothroyd have joined…
UAE's TruKKer gets $10mln funding from US-based Partners for Growth
UAE-based on-demand truck aggregator, TruKKer, has raised $10 million (AED 36.7 million) from San Francisco-based specialty lending firm, Partners for…
Saudi sovereign fund PIF says total staff count crossed 1,000 in December
Public Investment Fund, Saudi Arabia's sovereign wealth fund, said on Thursday its total employee count surpassed 1,000 as of December,…
Dubai's Arabtec starts process for insolvent liquidation
Dubai builder Arabtec has started the liquidation process that will see the construction firm cease operations after several decades in…
UAE-Israeli partnership agrees deal to buy Finablr
A business group linked to a former Israeli prime minister has finalised a deal to buy Finablr, the scandal-hit payments…
Cabinet approves draft law on commercial companies
Prime Minister and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired yesterday the cabinet’s…
NatWest Markets and Santander sell shares in Saudi British Bank
NatWest Markets and Banco Santander have taken advice from Allen & Overy on the second disposal of their shares in…
Emirates NBD forges ahead with enterprise-wide payments hub implementation to drive real-time, seamless payments innovation
Innovative platform part of bank’s AED 1 billion digital transformation plan As part of its ongoing AED 1 billion ($272…
Covid sparks savings drop for over 50% of UAE residents
The coronavirus pandemic has caused a lot of issues globally including how people save their money. Wealth management giant…