Bank Alfalah, a leading commercial bank in Pakistan with a network of over 1,000 branches, has announced its acquisition of a 9.9% equity stake in Jingle Pay, one of the fastest growing fintechs in …
Hamilton Lane, Welwing Join Investment Firms Expanding to Dubai
Hamilton Lane Inc. and two Hong Kong-based hedge fund firms are expanding to Dubai, joining a rush of global peers setting up offices in the Middle Eastern city.
Gulf International Finance’s Madhavan Sivashankar on Adapting to a Transforming UAE Wealth Management Landscape
Madhavan Sivashankar, Founder & CEO of Gulf International Finance, shared his views with Hubbis for the UAE Private Wealth Management Year-End Review 2024. Reflecting on a year marked by growth and …
UAE’s FAB to offload $800m bad debt to Deutsche Bank – report
The German lender outbid other international candidates for the soured loans, but it is not yet clear how much it will pay for the loan book …
‘The sky is the limit’ on Damac investment in the U.S., Dubai property giant’s chief says
“We can use initially our own financial resources, but then [in the] second phase we can use [a] third party’s money,” Sajwani said of the planned investment.
ECI and Al Maryah Community Bank sign MoU to elevate ‘Xport Xponential’ initiative and drive economic growth
H.E. Raja Al Mazrouei, CEO of ECI, said, “Our partnership with Al Maryah Community Bank marks a critical milestone in supporting the Xport Xponential initiative, with regard to its role in driving the …
UAE Adds 11 Individuals and 8 UK Entities to Terrorism List
The UAE has recently expanded its terrorism list by adding 11 individuals and 8 UK-based entities. These additions are part of the country’s ongoing efforts to disrupt terrorism financing networks …
Mintiply Capital, Fuel Venture Capital To Back UAE Startups
Photo: Hasnae Taleb, managing partner at Mintiply Capital (L), and Jeff Ransdell, founding partner at Fuel Venture Capital (R). Courtesy of Mintiply Capital.Mintiply Capital, a UAE-based advisory and …
Deutsche Bank to Buy Bad Loans From First Abu Dhabi Bank
Deutsche Bank AG is set to acquire a portfolio of soured loans worth around $800 million from the United Arab Emirates’s largest lender in a rare large deal in the Gulf for distressed debt, people …
Ashish Jain to Expand Indian Market Portfolio from INR 175 Crore to INR 1,000 Crore in 2025
PNN New Delhi [India] January 8 Billionaire Ashish Jain Founder and CEO of Alieus Hedge Fund has announced an ambitious plan to significantly increase his firm portfolio investments in the Indian mark …
Becoming An Entrepreneur In The UAE: Key Steps, Tips And Challenges
Making the transition from employee to entrepreneur is a process that calls for strategic planning, determination and the courage to tackle challenges. The UAE’s supportive ecosystem, with its …
Checkout.com teams up with noqodi to revolutionise payment solutions across UAE
As part of the collaboration, Checkout.com will integrate its cutting-edge payment technology with noqodi’s robust digital platform, offering seamless and secure payment solutions …
UAE’s ADNOC L&S signs hybrid capital facility worth $2bln to fund investments
Approximately $1 billion of the facility will be utilised to fund the acquisition of Navig8 TopCo Holdings Inc., the Singapore-based tanker management company, a deal the shipping and maritime …
Trump says Dubai billionaire Hussain Sajwani will invest $20 billion into U.S. data centers
“He was very inspired by the election and wouldn’t do it without the election,” Trump said.
UAE says it has discussed a potential role in postwar Gaza, but conditions remain unmet
The United Arab Emirates has been in discussions with Israel and the United States about the possibly of playing a role in postwar efforts to rebuild Gaza, but its conditions for doing so have yet to …
UAE rolls over $2bn loan deposit, says PM Shehbaz
ISLAMABAD: Prime Minister Shehbaz Sharif announced on Tuesday that the United Arab Emirates has extended a $2 billion loan deposit, providing Pakistan with crucial financial relief.After two …
Zand Bank, Klickl International partner to advance digital finance
Zand Bank (Zand) has announced a strategic collaboration with Klickl International (Klickl), a Web3 open finance platform. The partnership aims to bolster Klickl’s operations by leveraging Zand’s …