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SNB Capital’s Rashed Sharif tops Forbes Asset Managers listRashed Sharif, CEO of SNB Capital, has topped the Forbes Middle East Top 30 Asset Managers ranking, controlling $65.6 billion in assets under management (AUM) as of December 2023. Investcorp’s Mohammed Alardhi has been placed second, managing $52.2 More… |
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NBB names winner of Bahrain luxury villa, cash prizesThe National Bank of Bahrain (NBB) has announced the first winners of the Thara’a Prize Account raffle draw. The draw, which was for March 2024 prizes, saw Dhaifalla Masaad Alsalami emerge as the winner of a luxury villa, while Yusuf Ahmed Alsaegh More… |
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IndusInd International to acquire 60pc stake in Invesco IndiaMauritius-based IndusInd International Holdings Limited (IIHL) has entered into a definitive agreement with global independent investment management firm Invesco to acquire a 60% stake in its Indian unit IAMI which boasts over $1.6 trillion in assets under management. More… |
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Saudi bank alrajhi tops Forbes Most Valuable Bank rankingForbes Middle East has revealed its ‘30 Most Valuable Banks’ ranking, featuring the resilient, profitable, and customer-centric banking titans in the region. As of February 23, 2024, the 30 banks had a combined value of $581.1 billion, up 14% over More… |
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Valu empowers ESLSCA students with flexible payments solutionsValu, Mena’s leading universal financial technology powerhouse, has partnered with ESLSCA University, a leading international university in Cairo to offer students flexible payment solutions and installment plans. This collaboration addresses finan More… |
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Bahrain's GDP surges 2.4pc in 2023 on non-oil growth: ReportBahrain’s gross domestic product (GDP) increased by 2.4% at constant prices in 2023 when compared to the previous year, according to national accounts estimates issued by the Information and eGovernment Authority (iGA). The GDP surged to BD13.6 billion ( More… |
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Top GCC insurers' revenue surges 19pc to $32bn in FY2023The price increases, regulatory enforcement as well as merger and acquisition (M&A) activity and the favourable economic conditions have boosted the insurance revenue of 76 listed insurers in GCC for a second consecutive year in FY 2023, according to a report by research and consulting pr More… |
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DFSA, SFC co-host roundtable for Hong Kong asset managersA high-level roundtable has explored opportunities for Hong Kong asset managers to distribute funds in the Dubai International Financial Centre (DIFC). The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) co-hosted the More… |
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Fajr-led bank consortium complete Aster GCC business buyA consortium of banks led by Fajr Capital, one of Mena’s leading private equity investors, alongside Dr Moopen family have completed the 100% acquisition of Aster’s GCC business, successfully separating it from Aster’s India business. T More… |
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Roshn teams up with Google Cloud to unlock the power of AIRoshn Group, a leading Saudi real estate developer powered by kingdom's wealth fund PIF, has signed an agreement with Google Cloud that seeks to leverage artificial intelligence (AI) to transform how it uses and benefits from data analysis. More… |
