EFG-Hermes Holding SAE added 9.9 percent after Beltone Financial Holding, Beltone Capital and New Egypt Investment Fund, owned by billionaire Naguib Sawiris, said they’re seeking to buy 20 percent of the bank.
Saudi Arabia, supported by the U.A.E., has called for a donor conference to help Egypt pull out of the worst slowdown in two decades.
Tenmou, Bahrain’s first “Business Angels” organisation, opened the inaugural Mena Angel Investors Summit at the Ritz Carlton Hotel on June 1.
Mashreqbank PSC, Dubai’s third-biggest lender, expects its consumer business profit to double this year, driven by the wealth and small companies segments as the United Arab Emirates’ economy rebounds.
The emirate and its entities borrowed more than $110 billion to become a commercial and tourism hub before 2008, with developers relying on bank lending and advance sales of unbuilt properties to propel the world’s fastest-growing real-estate market
Abu Dhabi Islamic Bank, a top-tier Islamic financial institution, has launched a new capital-protected note, after the huge success and high demand to the first car manufacturing note, issued by the bank earlier this year.
Saxo Bank, the online multi-asset trading and investment specialist, today announced an expansion of its network in the UAE with the opening of a representative office of Saxo Bank A/S in Abu Dhabi licensed by the UAE central bank.