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Mubadala, Ares to set up $1bn global credit investment JVAres Management Corporation, a global alternative investment manager headquartered in Los Angeles, has joined hands with Abu Dhabi investment group Mubadala to set up a new venture that will invest in global credit secondaries opportunities. The joint venture, More… |
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‘Convertible Notes’ means to fast and simple financing: seminarFundraising for startups and new businesses using ‘Convertible Notes’ has been discussed by KPMG and Bahrain’s Economic Development Board (EDB) at a seminar. Recently introduced as a part of the Bahrain’s Company Law Convertible Notes i More… |
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Julphar 2022 revenue jumps 41.4pc to $440mDriven by market share growth, Gulf Pharmaceutical Industries (Julphar), one of the largest pharmaceutical manufacturers in the Middle East and Africa, has seen its 2022 revenue jump 41.4% to AED1.62 billion ($440 million). In 2022, Julphar reported EBIT More… |
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Bank ABC in tie-up to change its core banking systemsBank ABC, one of Mena’s leading international banks, has signed agreements with Temenos and NdcTech to replace its core banking systems for its retail, corporate and wholesale businesses. The tie-up will also power its subsidiary, ila Bank, the Mena region’s fast growing digital m More… |
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Visa joins Dubai FinTech Summit as a co-host sponsorVisa, a global leader in digital payments, has joined the Dubai FinTech Summit from May 8 to 9 as a co-host sponsor. “FinTechs are propelling innovation in the payments industry which is helping expand access to quality, affordable financial services, an More… |
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Rakiza closes its first infrastructure fund at $1bnRakiza, an infrastructure fund investing in Oman and Saudi Arabia, which is co-managed by Oman Infrastructure Investment Management (OIM) and Equitix, has reached the target of its first fund at over $1 billion. It has already deployed 25% of capi More… |
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Emirates NBD readies Air Lease Corp’s $600m debut sukukLeading UAE bank Emirates NBD said it has successfully priced a five-year $600 million sukuk for Air Lease Corporation (ALC), thus marking the first Islamic bond issued by a US corporation. One of the world's largest aircraft leasing companies, ALC h More… |
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Sico named Best Investment Bank in BahrainSico, a leading regional asset manager, broker and investment bank, has been named the Best Investment Bank in Bahrain at the 2023 Global Finance World's Best Investment Banks awards for the fourth consecutive year. The award stands as yet another af More… |
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BisB OGM allocates $33.35m net for 2022 under various headsThe Ordinary General Meeting (OGM) of the Bahrain Islamic Bank (BisB) approved the bank’s board recommendation to allocate the net profit of BD12.57 million ($33.35 million) for 2022 to various heads. The OGM approved allocation of BD170,286 to the More… |
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Abu Dhabi to host world’s largest investment forumOver 600 high-level speakers will participate in more than 160 dialogue sessions at the 12th edition of the Annual Investment Meeting (AIM Global 2023) to be held in Abu Dhabi from May 8 to 10. Under the theme “The Investment Paradigm Shift: Future Inves More… |
