Tuesday 13 April 2021

Emirates NBD’s E20. partners with MoniMove

Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region, is partnering with award winning fintech platform MoniMove to complement the bank's E20. digital business bank initiative.   The partnership is aligned to Emira


Amazon Payment Services waives service fees for small businesses

Amazon Payment Services, a payment processing service in the Middle East and North Africa (Mena) region, has announced that it will be waiving all fees for new businesses wishing to benefit from its services in Egypt. The move aligns with Amazon Payment Services’ mission to provide busi


StashAway Mena announces its Ramadan campaign

During the Holy month of Ramadan, the award-winning digital wealth management firm, StashAway Mena, will be partnering with the Al Jalila Foundation to give back to those in need by turning its revenue to charitable donations.   With the month of Ramadan being a


Abu Dhabi Global Market sets up ADGM Authority

Abu Dhabi Global Market (ADGM has established the ‘ADGM Authority’, which will drive ADGM’s growth by leveraging the trends emerging across the international financial services sector and the developments associated with the post pandemic world. This newly const


Dubai records $6.7bn FDI with 455 projects in 2020

Dubai recorded exceptional inflows of foreign direct investment (FDI) in 2020 with 455 projects worth AED24.7 billion ($6.7 billion), a report said. An estimated 18,325 new jobs were created by inbound FDI in 2020, reported state news agency Wam, citing data from the Dub


Bahrain's FDI volume for 2020 surges 3.3pc to $31.3bn

Bahrain has recorded foreign direct investments (FDI) worth BD11.9 billion ($31.3 billion) for 2020, thus registering an increase of 3.3 per cent over the previous year, said the kingdom’s Information & eGovernment Authority (iGA) in a new report.   Th


NBK Capital provides $20m financing to Reach Group

NBK Capital Partners has closed a $20 million acquisition financing facility with Reach Group, a leading UAE-based HR outsourcing company in support of its cross-border expansion. The innovative Sharia-compliant financing marks the first investment from NBK Capital Partners Shari


Saudi healthcare revenue management system to undergo major transformation

As part of Saudi Vision 2030 and the National Transformation Programme, the Ministry of Health is transforming from being an all-in-one payer, provider and regulator of health services to being predominantly a regulator, says KPMG.   KPMG’s latest report o


Investcorp to acquire RoadSafe Traffic Systems

Bahrain-based Investcorp, a global leader in alternative investment products, and Trilantic North America, a leading private equity firm, have agreed to acquire RoadSafe Traffic Systems from Orix Capital Partners. Terms of the transaction were not disclosed. Headqu


Sanad closes $55m financing deal with CBD

Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company, has closed a $55 million debt financing deal with the Commercial Bank of Dubai (CBD), one of the UAE’s leading financial institutions. The first-ever collaboration between Sanad Capital and the Commerc

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