Thursday 29 September 2016

MoneyGram picks Langoor for digital ops

Langoor, a leading digital agency, has been selected by MoneyGram International to manage company’s digital channels in the Middle East and Asia Pacific.  The agreement also includes Langoor managing the company’s Twitter Cricket account (@MGCricket). Langoor wil


Tenmou to host Mena Angel Investors Summit

Tenmou, Bahrain’s first ‘Business Angels’ organisation, in strategic partnership with the Economic Development Board (EDB) will host the third Mena Angel Investors Summit  in November. More than 40 start-ups are expected to attend the event running on Novem


Dubai Investments Park in deal to design drainage

Dubai Investments Park (DIP) has signed an agreement with MWH, a global leader in wet infrastructure, to design a new stormwater and groundwater drainage network within the development. The scope of the agreement covers the design of the drainage network covering the 2,300 hectar


UNB, Ducab review progress on financing

Senior officials from Union National Bank (UNB) visited Ducab senior management and facilities to review progress on the Dh350 million ($95 million) loaned to Ducab group under a long-standing Islamic financing partnership.  Financial commitments from UNB have been to Dubai


Access to finance ‘critical to GCC economies’

As lower oil prices affect the role played by governments as direct and indirect drivers of GCC business investment, ensuring companies’ access to finance is becoming critical, according to a new ICAEW report. This requires ambitious policy, including prioritisation of publ


Kuwait urged to set up secondary debt market

Kuwait's government cannot issue a sovereign bond without the creation of a secondary debt market first, Ali Mousa Al Mousa, the chairman of Commercial Bank of Kuwait, said on Tuesday. Kuwait plans to issue up to KD3 billion ($10 billion) in US dollar-denominated bonds and su


Bahrain hires banks for dual-tranche dollar bond

The Kingdom of Bahrain is planning a dual-tranche, benchmark sized US dollar denominated bond issue, according to a lead. The sovereign has mandated Bank ABC, BNP Paribas, Credit Suisse, JP Morgan, Standard Chartered Bank to arrange a series of investor meetings across the Middle


New BCCI centre to help foreign investors

The Bahrain Chamber of Commerce and Industry (BCCI) has opened a new centre to help foreign investors, including those with existing businesses in Bahrain, to reinvest their profits in the economy, reported the Gulf Daily News, our sister publication. To read further, pl


Saudi Arabia cuts public sector bonuses

Saudi Arabia's government has decided to curb to some financial perks for public sector employees, according to a live broadcast of the cabinet's weekly meeting. "The cabinet has decided to stop and cancel some bonuses and financial benefits," read a line of tex


Abraaj Group acquires stake in Mexican fashion footwear firm

The Abraaj Group, a leading investor operating in global growth markets, today announced the acquisition, through its Funds, of a significant minority stake in Capa de Ozono (CDO), a leading fashion footwear designer, distributor and retailer in Mexico. Capa de Ozono was establis

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