Articles
Central Bank of the UAE grants licence to new digital bank
Al Maryah Community Bank plans to launch soon through app
Saudi Arabia’s Binladin Group appoints senior executives amid restructuring
Balaji Prasad joins as group chief financial officer and Roberto Liuzza is appointed chief organisational excellence officer
Vaccine distribution to poorer nations needs to improve, WTO chief says
Only 0.1 per cent of vaccines distributed so far have gone to low-income countries, director general says
NMC Health creditors presented with restructuring proposal
Administrators Alvarez & Marsal have so far received about $6.4bn of claims, with potentially $650m more to come
Saudi Arabia's FII Institute invests in German electric plane start-up Lilium
The company's 7-seater electric aircraft is set to offer a shuttle service between 14 sites in Florida when it begins commercial operations in 2024
Global co-operation on vaccines will benefit economies, IMF says
Providing access to affordable inoculations for all will 'more than pay for itself', officials say
Abu Dhabi's Agthia to buy 75% stake in Egyptian meat processor Atyab
Deal values the manufacturer of frozen chicken and beef products at $205m
Investcorp partners in venture to back minority and female-owned fund managers
The company will work with Xponance to acquire stakes in new asset management companies
Saudi Arabia's Al Gihaz Holding buys assets of UK's Enshore Subsea
New joint venture formed to provide seabed contracting services to major projects
Finablr bidders hire Alvarez and Marsal to advise on restructuring and acquisitions
Prism Group and Royal Strategic Partners agreed to buy the foreign exchange group in December but the deal is awaiting regulatory approval
IMF extends $238m of debt service relief to 28 low-income countries
Grants will cover payments that were due between April 14 and October 15 this year
Ease of doing business and diverse ecosystem will buttress growth of Dubai's creative sector, experts say
Goal set by the emirate's ruler under new five-year strategy will increase number of companies to 15,000
Dubai's Tristar IPO priced at between Dh2.20 and Dh2.70 a share
Range implies a market cap of $719m to $882m for the fuel distributor
Spac boom leads to investment bankers earning record fees
Quarterly fees for investment banks in the Middle East rose 46% to $342m
Saudi Arabia's PIF to underpin recovery of kingdom's construction sector
The fund's plan to contribute $40bn a year to the domestic economy under its five-year strategy is expected to positively impact the real estate sector
