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Raghavan Seetharaman, the veteran CEO of Doha Bank has resigned after 15 years of service at one of the biggest commercial banks in Qatar, Zawya reports. It is unclear why the Indian man has resigned as the bank did not Read more
Egypt’s President Abdelfattah al-Sisi Tuesday hosted in the resort city of Sharm El Sheikh both Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces and Israeli Prime Minister Naftali Bennett in a Read more
UAE’s biggest lender First Abu Dhabi Bank (FAB) has sold a 60 percent stake in its payments firm, Magnati, to Canada’s Brookfield Business Partners, Zawya reports. The transaction will bring to the Abu Dhabi-based bank around $690 million. FAB will Read more
King Abdullah II of Jordan and his wife Queen Rania, were awarded Saturday the 2022 Zayed Award for Human Fraternity at a ceremony at the Founders Memorial in the UAE capital, reports say. The award was presented to the royal Read more
Abu Dhabi-based conglomerate International Holding Company (IHC) has acquired 70 per cent in Arena Events Group PLC for AED 239.8 million dirhams ($65 million), Zawya reports. Syed Basar Shueb, CEO and Managing Director of IHC commenting on the transaction, indicated Read more
UAE and Turkey Monday agreed 13 deals on the sideline of the Turkish President Recep Tayyip Erdogan’s official visit to bolster ties between the two countries which are now putting behind themselves several years of distrust. The deals according to Read more
Yahsat Government Solutions, a satellite operator based in Abu Dhabi, has landed a $247.5 million (909.5 million dirhams) contract with the UAE government to provide enhanced services for the Gulf country’s satellite communications capabilities, Zawya reports. “The agreement augments the Read more
Abu Dhabi’s leading developer Aldar has acquired Al Hamra Mall in Ras Al Khaimah for $111.64 million, Zawya reports. The company said in a statement it will reconfigure the 27,000 sq.m. mall, which was completed in 2009 by Ras Al Read more
Abu Dhabi-headquartered investment firm Chimera Capital has joined global alternative asset manager Alpha Wave in leading a $10 billion tech fund, Arab News reports citing Bloomberg. The fund, Bloomberg notes, will have a global remit but with a concentration on Read more
Two ballistic missiles aimed at Abu Dhabi were shot down in the early hours of Monday, the Ministry of Defense has said. Authorities confirmed “that the attack did not result in any casualties, as the remnants of the intercepted and Read more