Tuesday 23 May 2017

Oman’s PEIE inks $129m facility with BankDhofar

Oman’s Public Establishment for Industrial Estates (PEIE) has signed financial facility worth RO50 million ($129 million) with Bank Dhofar for several infrastructure projects undertaken by the PEIE in its industrial estates, a report said. “Moreover, the agreement rep


Bahrain business confidence index gains in Q2

The business confidence index in Bahrain has amounted to more than 19.91 positive points in the second quarter of 2017, according to a survey conducted by the Information & eGovernment Authority (iGA). The survey measures indexes of investors’ confidence, evaluate the c


Boeing signs defence, commercial deals with Saudi

Boeing has signed several defence and commercial agreements with Saudi Arabia, bolstering their partnership and creating thousands of jobs in both the US and Saudi Arabia during a visit by US President Donald Trump to the kingdom. President Trump and Secretary of State Rex Tiller


Alabbar buys key stake in top venture capital firm

Mohamed Alabbar, founder and chairman of Dubai-based Emaar Properties, has acquired a non-controlling stake in Middle East Venture Partners (MEVP), a leading venture capital firm in the region. The move is aimed at creating one of the leading venture capital investment platforms


Mastercard opens Levant HQ in Amman

Mastercard, a leading technology company in the global payments industry, has established its Levant headquarters in Amman, Jordan, coming closer to partners in Jordan, Lebanon, Iraq and Palestine. This follows the recent inauguration of its offices i


Sico launches online trading platform

Securities & Investment Company (Sico), licensed by the Central Bank of Bahrain as a conventional wholesale bank, has launched a Mena-wide online brokerage trading platform – ’sicolive’.  This seamless and secure multi-functional service will enable cli


Al Thani Global Investment appoints new group CEO

Al Thani Global Investment Holding, a Qatar-based investment company, has announced Dr Abdulrahman Al Ansari as the company's new group chief executive officer. Working alongside Al Thani Global Investment Holding's chairman Dr Sheikh Hamad Nasser Al Thani, Dr Al Ansari i


Saudi Arabia, Blackstone plan $40bn infrastructure fund

Saudi Arabia’s Public Investment Fund (PIF) and Blackstone have signed an agreement to launch a $40 billion investment vehicle dedicated to infrastructure with an anchor $20 billion contribution by PIF. Blackstone anticipates that the programme will have $40 billion in tota


UAE Exchange offers salary disbursals through Mobile Exchange

UAE Exchange, a leading global remittance, foreign exchange and payment solutions brand, is bringing its financial services to the doorsteps of its customers through its Mobile Exchange. Smart Pay, the wages protection system (WPS)-compliant payroll solution of UAE Exchange, is i


ADGM joins R3 consortium on distributed ledger technology

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has joined R3 as a new member of its international consortium.   ADGM is the first regulatory body in the Middle East and North Africa (Mena) region to be part of the R3 consortium, comprising over 80

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