FAB confirms acquisition talks with Bank Audi-Egypt
First Abu Dhabi Bank confirmed on Thursday that it is in exclusive discussions with Bank Audi to acquire its fully-owned…
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Middle East investments in US real estate soar during 2019
Demand from Middle East investors for US real estate has intensified over the last year, bolstered by the continued strength…
RAKBANK launches full product suite of Corporate Payment Solutions in partnership with Mastercard
Corporate Payment Solutions to enable and drive controls, security, efficiency and savings for medium and large corporations RAKBANK, a leading…
Christie's cancels Dubai sale of Middle Eastern art
Christie’s has cancelled its annual Middle Eastern art sale in Dubai this year, citing a “new auction format” for 2021,…
Bahraini investments in Egypt amount to $3.2bln
The value of Bahraini investments in 216 projects in Egypt has reached $3.2 billion, Egyptian trade and industry minister Neven…
Australia's CIMIC expects to take $1.8bn hit on Middle East exit
Australian contracting group Cimic is exiting the Middle East, a move which it says, could result in an A$1.8 billion…
MoneyGram taps Suez Canal Bank for remittances in Egypt
MoneyGram International has collaborated with Suez Canal Bank to facilitate remittances directly into the bank accounts of recipients in Egypt.…
Egyptian FRA approves CIB’s capital hike
Egypt’s Financial Regulatory Authority (FRA) has approved Commercial International Bank’s (CIB) capital increase, according to a bourse statement released on…
Bahrain's Investcorp raises $130m for Indian affordable housing initiative
Bahrain-based alternative asset management firm Investcorp has announced it has raised $130 million in anchor commitments which will primarily provide…
Egypt's economic outlook improves in 2020-Reuters Poll
Egypt’s economy is likely to grow 5.8% in the current fiscal year ending on June 30, and 5.9% in 2020/21,…
Davos 2020 and climate change: How investment risks have shifted over a decade
This week the annual World Economic Forum (WEF) is taking place in Davos. Attendees include leaders from the worlds of…
Egypt wants to raise its sovereign wealth fund’s capital to $63bln
The government of Egypt is seeking to increase the capital of its social wealth fund to EGP1,000 billion ($63.3 billion)…