Sunday 17 January 2021

DIFC, Candriam offer training in sustainable investing

DIFC Academy has partnered with Candriam Academy, a global multi-asset manager, to offer the world’s first free-to-access accredited training platform for sustainable and responsible investing. The partnership between the DIFC and Candriam is in line with the UAE Vision 202


Bahrain FinTech Bay partners with Israeli fintech

Bahrain FinTech Bay (BFB) and the FinTech Association of Israel -FinTech Aviv (FTA) have signed an agreement to cooperate and collaborate on matters of mutual interest relating to the development of the fintech industry in the region. The agreement follows the signing of the Abra


World Bank to invest $5bn in 11 African countries

The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti. World Bank Group President D


Al Salam Bank launches new financing campaign

Al Salam Bank, a pioneering Shari'a-compliant Bank in Bahrain, has announced the launch of its latest personal and property financing solutions as part of an entirely new campaign.    The campaign, which will run until May 15, offers 10 lucky winners th


Private capital fundraising ‘set to improve from 2021’

Recent tepid interest in Mena private capital fundraising is set for a marked about-face starting from 2021, said the head of NBK Capital Partners, a premier alternative asset management firm. “There is a significant and persistent shortfall of Mena private capital penetrat


FAB issues five-year $500 million sukuk

First Abu Dhabi Bank (FAB) has issued the lowest-ever yield on any five-year Mena bank USD issuance with a $500 million five-year Sukuk issued at MS+90bps (all-in yield of 1.411 percent) through FAB Sukuk Company Limited. The deal is FAB’s first USD benchmark offering and t


PwC Middle East welcomes 17 new partners

PwC Middle East and Strategy&, part of the PwC network, welcomed 17 new partners across the region from January 2021 to support client demands in a transforming market and a challenging economic landscape. The firm continues to invest in the region and its digital capabilitie


Chimera Capital ETF tops $13.6m in AUM in 6 months

Chimera Capital LLC, an Abu Dhabi-based asset management firm, said that its Chimera S&P UAE Shariah Exchange Traded Fund (ETF) has surpassed AED 50 million ($13.6 million) in assets under management (AUM). Listed just six months ago in August 2020 on the Abu Dhabi Securities


Oman cbank issues new banknote denominations

The Central Bank of Oman (CBO) has issued new banknote denominations; 20 rials, 10 rials, 5 rials, 1 rial, ½ rial, and 100 baisa for circulation in the market, a media report said. This issuance is a completion of the sixth issue of the Omani banknotes (1441 H-2020G) which


ABV marks first close of $25m venture capital fund

Access Bridge Ventures (ABV), a regionally-focused early-stage venture capital fund, has made a first close. The fund, which will target a final commitment of over $25 million, garnered investments from leading regional institutional investors. The investors include Mubadala Capi

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