Wednesday 31 August 2016
 
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Etihad Aviation Group, partners raise $500m additional funds

Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have successfully raised a further $500 million in a second platform financing transaction, following the success of last year’s bond which raised

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EFG Hermes to acquire 76pc stake in Tanmeyah

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.

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Swift's growth in MEA outpaces global rate

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

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Exchange firm in Bahrain 'failed to report deals'

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 revelation

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Private sector to 'boost opportunities for power deals'

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

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DIP transfer, sub-leasing transactions surge 50pc

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

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Qatar property transaction up 35.2pc

Qatar's property transaction value jumped 35.2 per cent to QR11.9 billion ($3.1 billion) in the first quarter, compared to QR8.8 billion during the same period last year, said a report.   The country’s

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ME oil, gas transaction value up 15pc

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. The co

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Dubai to double real estate transaction fee

  The emirate of Dubai will double the registration fee charged on real estate transactions in an effort to prevent excessive speculation in its property market, a top official said on Thursday.  

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Dubai eGov seals ePay deal with DTCM

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

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