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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
FA Holding, a Group based in Bahrain has invested $200,000 in UAE-based and plant-based kid food startup, Sprout FZCO. The fresh investment will be used for retail expansion of products and services, Sprout FZCO said in a statement. Founded by Read more
Saudi British Bank, SABB, has appointed former CEO of Singapore HSBC Tony Cripps as its new CEO as incumbent managing director and chief executive officer David Dew is set to leave on May 23, 2021, reports say. Cripps boasts more Read more
Al Ahli Bank of Kuwait (ABK) has appointed from deputy CEO of the National Bank of Kuwait as the CEO in the UAE. “We are very pleased to welcome Omar to ABK. He has an excellent track record of strong Read more
The Central Bank of UAE has slapped multiple millions of dollars sanctions on 11 banks operating in the country for facilitating money laundring, reports say. The sanctions according to the Central bank were confirmed Jan. 24 and valued at 45.8 Read more