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Shuaa reaches deal with noteholders for bond term amendment

Shuaa Capital a leading asset management and investment banking platform in the region has reached an agreement with its noteholders to facilitate the amendment of the terms of its outstanding 150 million...

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ADGM wins 'Most Trusted Financial Centre Brand’ award

Abu Dhabi Global Market (ADGM) has clinched the top spot as the Most Trusted Financial Centre Brand Middle East for 2024 at the distinguished Global Brand Awards. The esteemed Global Brand Awards an annual...

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GCC insurers’ top-line growth to be 5pc-15pc in 2024: S&P

S&P Global Ratings expects GCC insurers top-line growth to range between 5% and 15% in 2024 with Saudi insurers likely to expand at the fastest pace. The top-line growth of insurers in Gulf Cooperation...

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stc Bahrain seals strategic partnership deal with HPE Aruba

Top telecom services operator stc Bahrain has signed a strategic partnership deal with HPE Aruba Networking as part of its efforts to enhance Wi-Fi and Networking technology offerings in the kingdom. stc...

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Sukuk market set to grow; GCC DCM to cross $1 trillion

Sukuks are expected to grow further through the remainder of 2024 albeit slowed from 1Q24 and the GCC debt capital market (DCM) is well on its way to cross 1 trillion outstanding says a Fitch Ratings report....

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Lombard Odier appoints Ali Janoudi as Head of New Markets

Bank Lombard Odier & Co Ltd has announced the appointment of Ali Janoudi as Head of the New Markets region as of April 1 2024. Based in Geneva he becomes a Limited Partner and reports to Frédéric Rochat...

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Tamkeen launches 2nd phase of CIC Programme

Bahrain s Labour Fund (Tamkeen) in partnership with Bahrain Polytechnic has announced the launch of the second phase of its Cloud Innovation Centre (CIC) programme. The initiative aims to enhance the cloud...

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Spinneys to launch IPO; offers 25% of firm's share

Spinneys 1961 Holding an operator of premium grocery retail supermarkets under the Spinneys Waitrose and Al Fair brands has announced its intention to proceed with an initial public offering (IPO) and...

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MoF launches 'digital public consultation' on R&D tax relief

The UAE Ministry of Finance (MoF) has launched a digital public consultation to gather the views of stakeholders on the potential implementation of a Research & Development (R&D) Tax Incentive under the...

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SNB Capital closes cross-border insurance M&A deal

SNB Capital has led the buyside advisory on Abu Dhabi National Insurance Company (ADNIC) s SR499 million ( 133 million) acquisition of 51% of the share capital of Allianz Saudi Fransi Cooperative Insurance...

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Every dirham lost to fraud in UAE costs firms AED4.19: study

Businesses in EMEA now bear a cost of fraud that is 3.90 times the face value lost in fraudulent transactions says LexisNexis Risk Solutions. Unveiling the findings of its 2023 LexisNexis True Cost of...

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Samsung Electronics ranks first in digital signage market again

Samsung Electronics Company Ltd has been named the number one signage manufacturer for the fifteenth consecutive year by market research firm Omdia once again demonstrating its leadership in the global...

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Tech firm launches digital supply chain financing solution

Codebase Technologies a UAE homegrown financial technology platform provider has announced the launch of its Digibanc SME Financing platform to address the needs of underserved MSME s across Mena and APAC....

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Mantra launches incubator in Dubai World Trade Centre

Mantra has launched its new incubation programme at the Dubai World Trade Centre (DWTC) following an 11 million funding round led by Shorooq Partners. This programme is part of Mantra s effort to contribute...

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GCFC partners with AGII to accelerate green growth in Africa

The Global Climate Finance Centre (GCFC) a COP28 legacy has assumed the role of host and secretariat of the Africa Green Investment Initiative (AGII) UAE s 4.5 billion finance plan aiming to unlock Africa...

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Bain & Company and stc 'top companies': LinkedIn

Consultancy firm Bain & Company and telecom major stc emerged the top companies in UAE and Saudi Arabia respectively according to the annual list of LinkedIn the world s largest professional network. After...

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