UAE's largest bank inks $60m deal with UK social housing provider
Optivo, one of the largest social housing providers in the UK, has secured a revolving credit facility worth £50 million…
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Egypt: “banks well placed for growth” says Arab African International Bank’s Elwy
Reforms implemented across Egypt’s banking sector means that the sector is well placed for growth at home and abroad. …
Why Expats Shouldn’t Run Away From Debt In The Gulf
Expats in the United Arab Emirates are horrified to find out that unpaid debts can end up in a criminal…
Israeli Cryptocurrency Traders Locked Out of Banking System: Report
After being unable to deposit profits, Israeli cryptocurrency traders are looking for answers from banks and regulators. Still unfamiliar…
Abraaj founder sentenced to prison in absentia by UAE court
Arif Naqvi, the founder of defunct Dubai-based private equity firm Abraaj Group, has been sentenced in absentia to three years…
UAE is not a mature PE market but technology might help managers’ fundraising efforts
Technology tools combined with traditional roadshows are enabling managers to connect with new investors, be it for primary or secondary…
Important Israeli court ruling on the taxation of trusts
The Tel Aviv District Court has rejected the Israel Tax Authority's position that the transfer of real property into an…
DFSA, Egypt cbank team up to promote bank safety
The Dubai Financial Services Authority has partnered with the Central Bank of Egypt to facilitate the performance of their respective…
Investcorp annual net profit up 5%, cuts private equity co-investments
Bahrain-based Investcorp said on Wednesday its net profit rose 5% in its latest financial year, helped by higher fee income,…
UAE’s 18 national banks post $6.6bn in H1 profit
The combined net profits of 18 national banks listed on the country’s financial markets rose to Dh24.5 billion ($6.6 billion)…
StanChart private equity spinoff targets Middle East
Affirma Capital, the newly- spun-off former private equity business of Standard Chartered Bank, is eyeing acquisition opportunities in the Middle…
Saudi Arabia Leads Gulf IPO Activity
According to the Ernst & Young MENA IPO Eye Report, MENA IPO deal value increased by 222.6 percent to USD2.82…