EFG Hermes, a leading investment bank in the Arab world, has signed a binding deal to acquire 76.7 per cent of Tanmeyah Microenterprise Services, a provider of comprehensive microfinance solutions to business owners across Egypt.
Growth in financial transactions messaging system Swift's traffic volumes in the Middle East and Africa has accelerated by double-digit percentages this year as banks expand rapidly and non-financial institutions join the industry cooperativ
A panel set up to investigate financial irregularities at a major currency exchange company operating in Bahrain has found that the majority of its transactions over a two-year period had not been properly reported.
The increasing role of the private sector in both power generation and water could boost opportunities for large-scale transactions in Mena in the future, according to an EY report.
The leading professional ser
Dubai Investments Park, the largest integrated commercial, industrial and residential community in the Middle East, said the number of transactions for transfer and sub-leasing within the development have surged by more than 50 per cent in the
The value of oil and gas transactions in the Middle East region surged to $3.1 billion in 2013, up 15 per cent when compared to $2.7 billion the previous year led by major upstream players UAE, Oman and Iraq, said a report.
Dubai eGovernment said it has signed a new joint agreement for ePay with the Department of Tourism and Commerce Marketing (DTCM) for settling the fees of the tourism sector.
The move comes as part of Dubai eGovernment's effort
MasterCard, a global payments and technology company, has collaborated with region’s leading acquirer Network International to enhance the acceptance infrastructure of its contactless payment solutions in the UAE.