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Egypt’s three biggest state-owned banks are setting up an $85 million financial technology fund that aims to accelerate innovation in the sector, Reuters reports citing venture capital firm Global Ventures, a partner in the fund. Global Ventures, which focuses on Read more
Abu Dhabi-based commercial bank, ADCB, has received an offer to sell its majority stakes in Alexandria Medical Services Company, a public shareholding company engaged in the provision of medical diagnostic and treatment services in various medical fields, headquartered in Egypt. Read more
Dubai’s biggest bank, Emirates NBD, Monday published satisfactory figures concerning its performances for the first nine months of 2017 marked by a 15-rise in the profit for a total of $1.67 million. Among other good performances, the Dubai bank underlined Read more
A released statement coming from the Qatar Islamic Bank (QIB) revealed the bank’s intentions to launch a Sukuk issuance program. The amount to be offered will be up to $1,5 billion the statement declared. At present, the program is being Read more