Tuesday 16 July 2019
 
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Mena M&A transactions hit $112bn in H1

The value of announced M&A transactions with any Mena involvement reached an all-time high reaching $112 billion in the first half of 2019, 231 per cent more than the value recorded during YTD 2018, a report said. Additionally, both Mena target and inter-Mena/domestic transac

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DGCX joins hands with Multi Derivatives Exchange Nepal

The Dubai Gold & Commodities Exchange (DGCX) has signed an agreement with the Multi Derivatives Exchange Nepal (MDX) for joint collaboration and knowledge sharing on areas of mutual benefit surrounding commodity trading. MDX is a proposed derivatives exchange in Nepal that ha

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Saudi Arabia likely to see surge in M&A activity

Saudi Arabia is expected to witness a leap in merger and acquisition (M&A) activities during the current year, as local and foreign investors have gained confidence due to the positive fundamentals and continued growth of the economy, said a top official. "Confidence is

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Higher capital rules key to bolster GCC insurance sector

Plans to increase minimum capital requirements will lead to consolidation in the GCC Islamic insurance industry, S&P Global Ratings said in a new report. "Thanks to strong premium growth in Saudi Arabia and other GCC markets, Islamic insurers in the region recorded a 9.5

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Pinsent Masons posts 7pc jump in H1 revenues

Pinsent Masons, an international law firm, announced that it has achieved a 7 per cent increase in revenues during the financial year 2018-2019 (FY18/19), as part of its annual results. In 2018, Pinsent Masons also worked to convert 50 per cent of its global workspaces to fully a

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Mashreq offers global investments on app

Mashreq Bank, one of the leading financial institutions in the UAE, has become the first bank in the Middle East region to offer customers instant global investments and return on investment through its mobile banking app, Mashreq Snapp. The newly added service provides access to

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DAE delivers, commits to $1.1bn in aircraft assets in H1

Dubai Aerospace Enterprise, one of the largest aircraft leasing companies in the world, said its leasing division DAE Capital delivered and committed to deliver over $1.1 billion in aircraft assets during the first half (H1) of the year. Strategic and operational highligh

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ADIA to buy 30pc stake in UK appliance care group D&G

Abu Dhabi Investment Authority (ADIA) said it has reached an agreement with CVC Capital Partners to acquire a 30 per cent stake in Domestic & General Group (D&G), a leading appliance care specialist based in the UK.   D&G's appliance care plans p

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FlexxPay gets funding for financial wellness platform

Dubai-based FlexxPay has raised funding from a group of individual and corporate investors to rollout its financial wellness platform in the UAE that enables companies to offer salary advances to employees for their already earned income. FlexxPay is the first entity of its type

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Shuaa Capital wins shareholders nod for ADFG deal

Shuaa Capital (Shuaa), a market leader in regional investment banking and capital markets services, today announced that it had concluded its shareholders’ General Meeting to approve the proposed transaction with Abu Dhabi Financial Group (ADFG), a leading investment group in the region.

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