The Abraaj Group exits investment in pan-African insurance company UAP Holdings
The Abraaj Group has announced the completion of the full exit of its investment, through one of its Funds, in…
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Kuwait's Al Ahli Bank gets Kuwaiti regulator nod to buy Piraeus Bank Egypt
Kuwait's Al Ahli Bank received approval from the Gulf state's central bank to buy Piraeus Bank's Egyptian unit, it said…
UAE bank ADIB targets 2016 acquisitions, eyes Asia, Middle East
Abu Dhabi Islamic Bank (ADIB), which failed in its bid to win Citigroup's Egypt retail business, is targeting acquisitions in…
Muslim Commercial Bank opens first wholesale banking branch in Dubai
With its first Wholesale Banking branch in the UAE, MCB has customised business products, which include business accounts as well…
UAE Exchange Enhances Customer Experience with Innovative SAP Cloud for Customer Platform
Customer experience is all set to take a new leap at UAE Exchange , with the leading global money transfer,…
Foundations, Endowments Buying Emerging Market Debt
Over the past decade, foundations and endowments have repositioned their market exposures away from long-only U.S. equities, and moved into…
Egypt's currency devalued in attempt to encourage investment
The Egyptian pound has fallen to a new low against the US dollar, the second such drop in days, the…
Saudi sovereign fund to invest $10bn in Russia
Saudi Arabia’s sovereign wealth fund has agreed to invest $10bn in Russia, in a powerful sign of the rapprochement between…
Middle East to London: Success stories of agricultural investments
Often, profitable investments are those which meet the most important requirements of the world; food, water and fuel, to name…
Saudi is said to be planning sale of local currency bonds
Saudi Arabia, the country with the world’s lowest debt-to-GDP ratio, is evaluating the sale of local currency bonds to bridge…
Muhannad Kamal appointed deputy chief executive of IBQ
International Bank of Qatar has appointed Muhannad Kamal as deputy chief executive with effect from July 2015. Prior to…
Abu Dhabi lenders’ earnings grow 11% in Q1
The total net earnings of Islamic and commercial banks in Abu Dhabi climbed 11.2 per cent in the first quarter…