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HSBC Middle East has appointed its chairman of corporate and institutional banking Samir Assaf to replace David Eldon who is resigning this month, Zawya reports. Assaf will assume office on May 1st, the bank reportedly said. He is described as Read more
First Abu Dhabi Bank, UAE’s largest bank, is set to acquire Bank Audi Egypt, a private financial institution in the North African country. FAB Egypt CEO Mohamed Abbas Fayed broke the news to Al Mal News adding that the transaction Read more
Qatar, which looks to increase its aid to the besieged Gaza strip by 50 per cent, announced a $10 million grant that will benefit 100,000 poor families in the Palestinian enclave. The beneficiaries will have to go to the government Read more
Tunisia will earmark over $1.6 million to grant assistance to needy families to muddle through the holy month of Ramadan, Prime Minister Hichem Mechichi has announced. Speaking to governors on Saturday, Mechichi indicated that the financial aid will be distributed Read more
Investment Holding Group (IHG), a Doha-based Investment Management company, is mulling plans to acquire Elegancia group, a business supplies and equipment conglomerate also located in the Qatari capital. IHG’s board of Directors, Zawya notes, indicated to the Qatar Stock Exchange Read more
The Board of Directors of Abu Dhabi-based Agthia Group, a company operating in food and beverages, has approved the acquisition of majority stakes in Ismailia Investments, an Egyptian producer of frozen processed chicken and beef products, Zawya reports. The board Read more
Saudi Arabia’s national carrier, Thursday said it reached deal with several partners to fund the purchase of 73 passenger planes from Airbus and Boeing. Al Rajhi Bank, Saudi British Bank (SABB), Arab National Bank (ANB), Samba, Bank AlJazira, and Read more
The United Arab Emirates has required all listed companies on Abu Dhabi and Dubai stock markets to have at least one woman as board member as the Gulf country strives to raise the number of women on the boards of Read more
Moroccan Attijariwafa Bank (AWB) has been elected “best investment bank in Morocco for the year 2021” by the American magazine Global Finance. In its ranking of Best Investment Banks 2021 on a global, regional and local scale, the prestigious Read more
Qatar Islamic Insurance Group (QIIG) has entered into a digital partnership with global technology company SAP with aim to improve customer services, Salaam Gateway reports. The three partnership deal will provide an integrated cloud platform application of SAP Customer Experience Read more