Thursday 25 May 2017

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


Tamkeen, Al Salam Bank-Bahrain ink $53m portfolio

Bahrain's labour fund Tamkeen and Al Salam Bank-Bahrain have jointly signed a portfolio worth BD20 million ($53 million)within the Sharia-compliant financing program “Tamweel+.” Recently launched by Tamkeen with a competitive profit rate, Tamweel+ aims to provide


World Bank offers $350m support to Morocco reforms

The World Bank has announced a $350 million programme to support wide-ranging reforms of financial intermediation in Morocco. The operation supports new sources of financing for small and medium enterprises (SMEs) while improving the regulatory oversight of the banking sector.

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