Thursday 19 October 2017

Mubadala launches new venture capital business

Abu Dhabi-based investment company Mubadala has announced the launch of its new venture capital business in partnership with leading Japanese conglomerate SoftBank. The venture capital initiative will sit within the group's financial investment arm, Mubadala Capital, said the


Bahrain's Finocracy partners with top Singapore firm

Singapore’s Alpha Fintech is entering the high-growth GCC market, teaming up with Bahrain-based Finocracy, a financial technology (fintech) solution provider.     Alpha Fintech specialises in end-to-end payment solution, enabling banks to quickly


Adnic International enters UK market

Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has announced today its expansion into the UK market with the opening of a representative office in London, under the name Adnic International Ltd.


ENBD offers Liv. customers chance to win a Tesla

Liv., the lifestyle digital bank by Emirates NBD (ENBD), a leading bank in the UAE, is rewarding its loyal customers with a chance to win a Tesla Model S. The mobile-only bank, launched earlier this year by Emirates NBD is designed around what millennials like and how they spend


NBB 9-month net profit surges 7pc to $131m

NBB, a leading bank in Bahrain, recorded a net profit of BD49.43 million ($131.46 million) for the first nine months of the year compared to BD46.21 million ($122.90 million) for the same period of 2016, an increase of seven per cent. During the nine months ended September 30, th


Nasdaq Dubai welcomes listing of $200m ICD bond

Nasdaq Dubai has welcomed the listing of a $200 million bond by Investment Corporation of Dubai (ICD) on the region’s international stock exchange. The issuance was made under ICD’s Euro Medium Note Programme of $2.5 billion. It is the second conventional bond listing


Microsoft expands partnership with Mashreq Bank

Microsoft has announced it will expand its partnership with Dubai-based Mashreq Bank to drive a bold digital transformation programme within the bank’s branches and digital services.    Through the programme, which builds on Mashreq’s market-lea


Gas output to boost Oman’s GDP next year: NBK

Oman’s economic growth will slow to just 0.3 per cent this year – its weakest since 2011 – on the back of a drop in oil output, before recovering to 2.8 per cent in 2018 as gas production expands and the non-oil economy steadies, a report said. There remain nota


400 Arab experts for SWIFT summit

More than 400 delegates and exhibitors from the Arab region are taking part in Sibos 2017, an international financial summit organised by SWIFT, a global provider of secure financial messaging services. The event is being held in Toronto, Canada from 16-19 October.


Investcorp acquires Kee Safety for $370m

Investcorp, a leading provider and manager of alternative global investment products, today announced that it has agreed to acquire Kee Safety, a global supplier of safety solutions and products designed to protect people from hazards, from Dunedin and LDC for an enterprise value of £28

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