The proposed merger between Bank of Bahrain and Kuwait (BBK) and the National Bank of Bahrain (NBB) remains on track for potential completion this year, despite ongoing regional economic challenges, a Gulf Daily News report said.
Four urgent proposals aimed at easing economic pressure, protecting consumers and supporting food security due to the Iranian attacks were unanimously approved by Bahrain MPs yesterday and referred to the Cabinet for urgent review, a Gulf Daily News report said.
ADIB Capital Limited, located in the DIFC, a wholly owned subsidiary of Abu Dhabi Islamic Bank, has launched the ADIB Global Healthcare Fund (OEIC), a Shari’a-compliant public fund incorporated in the DIFC that is designed to provide investors with access to high-conviction investments in the listed equities of companies in the healthcare sector, with a primary focus on developed markets.
Euro zone inflation soared past the European Central Bank's 2% target this month as surging oil and gas costs drove up headline prices, but the jump was smaller than expected and core inflation declined, muddying the picture for policymakers, said a report.
E Point Zero Holding RSC Limited (ePointZero), an Abu Dhabi-based global investment company, has entered into an agreement to acquire a 100% stake in US-based Traverse Midstream Partners, a portfolio company of The Energy & Minerals Group (EMG), in a deal valued at nearly $2.25 billion.
Low-income Countries (LICs) are navigating a fluid global environment marked by high uncertainty and shifting policies in major economies spanning trade, migration, digital finance, and spending priorities, including national security and foreign aid, says an International Monetary Fund (IMF) staff paper.
Dubai Investments has announced the groundbreaking of Al Vista, its landmark mixed-use development in Meydan Horizon, featuring 312 apartments with a mix of one- to three-bedroom units alongside a 19-storey commercial tower offering 120,000 sq ft of shell-and-core office space.
Standard Chartered Foundation, in partnership with Village Capital, has launched the eighth edition of the Women in Tech Accelerator in the UAE, continuing its support for women-led, tech-enabled startups at a critical stage of growth.
Sharjah Islamic Bank said it had won approval from shareholders for a capital increase through a strategic rights issue that will help it raise up to AED2.59 billion ($705 million). Its proceeds will be used to bolster capital adequacy, fund balance sheet expansion and support returns to shareholders.
IHC, a global investment company focused on building dynamic value networks, today announced that it has received all requisite regulatory approvals to acquire approximately 41.5% stake in Sammaan Capital Limited on a fully diluted basis, for a total transaction value of approximately $1 billion (INR 8,850 crore).
