Wednesday 30 November 2022

BAB highlights role of banks in supporting recovery plan

The Board of the Bahrain Association of Banks (BAB) discussed the pivotal role of Bahrain’s banks in implementing the initiatives of the Financial Services Sector Development Strategy (2022-2026) and the Economic Recovery Plan.    The board held its r


Deals inked to boost trade, investments between UAE and Africa

Etihad Credit Insurance (ECI), the UAE Federal export credit company, and African Trade Insurance Agency (ATI) signed a reciprocal reinsurance agreement to strengthen trade ties and boost exports between the two markets. This is done by providing trade credit insurance and trade finance solut


Bank ABC appoints Group Head of Corporates

Bank ABC has recently appointed Mike Davis as the Group Head of Corporates at its Head Office in Bahrain.   He will be reporting to Bank ABC’s Group Head of Wholesale Banking, Amr ElNokaly, who commented: “We are delighted to welcome Mike to the Whol


DIB successfully prices $750m inaugural Sustainable Sukuk

Dubai Islamic Bank (DIB), rated A3 by Moody's and A by Fitch, has successfully priced its inaugural Sustainable Sukuk, a landmark $750 million 5-year senior issue with a profit rate of 5.493% per annum. The issue represents a spread of 155bps over 5-Year US Treasuries. 


DPMC highlights importance of global sourcing integrity

The UAE has become a thriving hub for the precious metals trade and through the Ministry of Economy and its UAE Gold Bullion Committee, the country is further positioning itself at the heart of the global gold trade.   “The UAE is upholding the highest int


Gulf Capital opens its new global headquarters in ADGM

Gulf Capital, one of the largest private equity firms investing from the GCC to South and Southeast Asia, has opened its new global headquarters in the Abu Dhabi Global Market (ADGM).    The company has also obtained an in-principle approval for an asset ma


Masdar REIT completes $254m sustainable real estate acquisition

Masdar Green REIT, the UAE’s first real estate investment trust to invest solely in sustainable real estate assets, has concluded the acquisition of property worth AED934 million ($254.2 million), taking its portfolio value to AED1.91 billion ($520 million), with further assets identifi


DGCX opens trading of SAM Precious Metals gold and silver bars

Dubai Gold & Commodities Exchange (DGCX) has announced that SAM Precious Metals (SPM) gold and silver bars can now be traded on its exchange and clearinghouse.   SPM is an ‘Intelligent Refinery’ focused on driving innovation. Globally renowned in


GFH opens London office in Mayfair

GFH, an Islamic investment bank with headquarters in Bahrain, has announced the opening of its new London office in Mayfair, in yet another milestone in the continued growth of its global asset management business.    The office was inaugurated by the Ambas


DMCC digitises gold trading through tokenisation of Comtech

Dubai Multi Commodities Centre (DMCC) has announced a partnership with Comtech Gold to digitise the trading of gold by tokenising the precious metal backed by physical gold bars registered on DMCC Tradeflow.   DMCC Tradeflow is an online platform for registering

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