Gulf Islamic Investments acquires digital bank AGTB from Mubadala

UAE-based Gulf Islamic Investments (GII) has taken full control of Anglo-Gulf Trade Bank (AGTB) from Abu Dhabi’s sovereign wealth fund Mubadala, Zawya reports. The value of the operation has not been revealed. AGTB is a Category 1 digital bank licensed Read more

Alpha Dhabi Holding injects $2.5bn in New York-based Alpha Wave Ventures II fund

Alpha Dhabi Holding, an Abu Dhabi-based investment company, will invest 9.2 billion dirhams ($2.5 billion) in Alpha Wave Ventures II; a venture fund which focuses on financial tech, artificial intelligence, life sciences, consumer internet, and B2B. With the investment, Alpha Read more

UAE pledges to invest $4.2 bn in Greece

The UAE Monday announced a $4.2 billion Investment Initiative to facilitate investments in the Greek economy across a wide range of sectors, reports say. This came as part of several other agreements signed between the two countries as Prime Minister Read more

Abu Dhabi Ports Group inks deals with Red Sea Ports Authority on project in Egypt

Abu Dhabi Ports Group and Egypt’s Red Sea Ports Authority have signed a term sheet and a head of terms agreement for the development of major port projects along Egypt’s coast, Zawya reports. Per the first deal, AD Ports Group Read more

UAE-based National Petroleum Construction Company wins $98mln deal for wind farm project in Taiwan

UAE and Abu Dhabi-based National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), has secured a deal worth 363 million dirhams ($98.8 million) for a wind farm project in Taiwan, Zawya reports according to a disclosure Read more

Veteran CEO of Doha Bank resigns after 15 years of service

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

Al-Sisi hosts Abu Dhabi Crown Prince, Israeli Prime Minister in Sharm El Sheikh

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