Saturday 10 June 2023

Taha seals game-changer pact with Korean industrial group

  Taha International Company for Industrial Services has announced a game-changing agreement with top South Korean company Hwarim Tech that will help strengthen and expand the cooperation between the two companies within the realm of aluminium processing. 


DFM to take to London its second roadshow on June 14

Dubai Financial Market (DFM) is gearing up for its second international investor roadshow of 2023, which will take place in London on June 14 and 15 alongside HSBC’s GCC London Conference.    The annual roadshow, in collaboration with HSBC, is part of


FBC Holdings to buy StanChart business in Zimbabwe

FBC Holdings Limited (FBCH) and Standard Chartered Bank have entered into an agreement for the acquisition of Standard Chartered’s business in Zimbabwe, subject to the approval of the regulatory authorities including the Reserve Bank of Zimbabwe.    T


BHM Capital obtains crowdfunding platform licence

BHM Capital Financial Services, one of the leading financial institutions in the UAE’s capital markets, has obtained approval to provide operating services for crowdfunding platform from the Securities & Commodities Authority of the UAE.   This makes B


Saudi economy booming; surplus at decade-high: IMF

The Saudi economy is booming, spurred by high oil prices, a strong pick up in private investment and reform implementation, says a finding by IMF staff.    The current account surplus has reached a decade-high and inflation is contained. Uncertainty in the


DIFC mobilises action on climate finance in the run up to COP28

Dubai International Financial Centre (DIFC), a leading global financial centre, is building momentum on the critical role of finance in addressing global sustainability challenges ahead of COP28 at the second Sustainable Finance Summit.   The Summit, held at the


DIFC-based STP receives DFSA brokerage licence

STP, a leading prime brokerage firm licensed by the Dubai Financial Services Authority (DFSA), has received the DFSA’s approval to offer a full suite of prime brokerage services to its clients. The firm caters to the needs of a rising number of family offices, high net-worth individuals


Ithmaar Holding reports $53.66m Q1 operating income

Ithmaar Holding, a Bahrain-based holding company, has reported an operating income of $53.66 million for the three-month period ended March 31, 2023.   The company yesterday announced its financial results for the three-month period ended March 31, 2023. The ann


Mena GDP growth to be ‘less than average of past 10 years’

The Middle East and North Africa (Mena) GDP growth this year will be less than the average of the past 10 years, according to FocusEconomics Consensus Forecast Middle East & North Africa.  &nbs


Bahrain Clear representative re-elected Ameda President

Bahrain Clear, a fully-owned subsidiary of Bahrain Bourse, has announced the re-election of Abdulla Abdin, its Chief Operating Officer, as President of the Africa and Middle East Depositories Association (Ameda).    Abdin was also elected as Vice Chair of t

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