UAE’s biggest lender FAB sells 60 per cent shares in Magnati to Canada’s Brookfield Business Partners

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 Salman appoints former boss of Tadawul as new Governor of Central Bank

Saudi Arabia monarch King Salman has named former top adviser and head of Board of Directors of the Saudi Stock Exchange Tadawul, Dr Fahad bin Abdullah bin Abdullatif Al Mubarak, as the new governor of the kingdom’s central bank, reports Read more