Sunday 17 January 2021
 
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Bahrain’s Bank ABC to acquire Blom Bank Egypt

Bahrain-based Arab Banking Corporation (Bank ABC), a leading financial institution in the Middle East, said that it has entered into an agreement with Blom Bank Lebanon to acquire its 99.4% stake of Blom Bank Egypt. The proposed cash consideration to be offered by Bank ABC for 10

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Finance House launches ‘Al Rabeh Business’

Finance House has launched ‘Al Rabeh Business’ to support local businesses, by offering a suite of products to simplify financial services and provide enhanced earnings, ease of use, and lightning speed turnaround times.   Commenting on this, Mohamme

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Investcorp acquires US e-commerce solutions provider

Investcorp, a leading global provider and manager of alternative investment products, today announced that it has entered into an agreement to acquire Unilog, a leading Software as a Service (SaaS) based e-commerce solutions provider to small and medium businesses based in the US.

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Citco opens Abu Dhabi office at ADGM

Citco, a global group of companies providing asset servicing solutions to the global alternative investment industry, has opened an office in Abu Dhabi Global Market (ADGM), an international finance centre in the UAE. The move comes after Citco increased its assets under administ

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NBB Group plans to set up data literacy academy

National Bank of Bahrain (NBB) is planning to set up a new data literate organisation later this year. The move comes as part of its digital transformation journey and its efforts to continuously increase efficiency across its operations.   The announcement was

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Citco Group opens office in Abu Dhabi Global Market

The Citco group of companies (Citco) has opened its office in Abu Dhabi Global Market (ADGM) after increasing its assets under administration (AUA) in the region last year by 400% to approximately $125 billion.   Citco’s decision to establish a base in ADG

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Mena M&A deals top $70bn in 2020: Refinitiv

The value of announced M&A transactions with Mena involvement reached $70.3 billion during 2020,making the year the fourth highest annual total of all time, despite falling 47% in value from the record high achieved last year, a report said. About $52.0 billion worth of targe

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UAE non-oil trade $281bn in first 9 months of 2020

UAE's non-oil trade reached AED1.033 trillion ($281.24 billion) during the first nine months of 2020, despite the global economic slowdown and Covid-triggered lockdowns, data released by the Federal Competitiveness and Statistics Centre showed.   The figures

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Saudi Arabia offers $6trn investment opportunities: MBS

Major investment opportunities worth $6 trillion will be available in Saudi Arabia over the next 10 years within the framework of the opportunities provided by the Kingdom's Vision 2030, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and

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EU clears acquisition of Refinitiv by LSE Group

The European Commission has approved the acquisition of Refinitiv, a provider of financial data products by the London Stock Exchange Group (LSEG) on condition of full compliance with a commitments package offered by LSEG. Executive Vice-President Margrethe Vestager, in charge of

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