Abraaj Capital: The rise and fall of a Middle East star

Their journey has been one of innovation and entrepreneurial drive but has come to an abrupt stop, as the firm which once managed almost $14 billion, filed an application for a court-supervised restructuring in the Cayman Islands.


UAE banks handle over 12m cheques in 5 months

The Central Bank’s statistics showed that in the first five months of the year, the total number of bounced cheques reached 515,000, with an approximate value of Dh26.2 billion not exceeding 4.3 percent of the total value of the cleared cheques at t