Sunday 21 October 2018

ADGM Arbitration Centre begins operations

The ADGM Arbitration Centre, a state-of-the-art arbitration hearing facility of the Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has commenced full operations today (October 17). The ADGM Arbitration Centre further augments and enhances the arb


Abu Dhabi’s Q2 GDP up 15.3pc to top $63bn

The GDP of Abu Dhabi at current prices grew to Dh232.7 billion ($63.3 billion) in the second quarter (Q2) of 2018, up 15.3 per cent to from Dh201.8 billion in the second quarter of 2017, a report said. Abu Dhabi's oil GDP grew by 36.0 per cent to Dh94.8 billion during Q2 2018


Sharjah launches two new financial e-services

The Sharjah Finance Department has launched two new electronic services to streamline financial procedures for employees as well as clients of the Government of Sharjah at the ongoing Gitex Technology Week in Dubai, UAE. The new services include the digital payment packages for t


Abu Dhabi fund earmarks $3bn for education, health

The Abu Dhabi Fund for Development (ADFD) said that it has allocated nearly Dh11 billion ($3 billion) for development projects in the education and healthcare sectors to elevate the standard of living in developing countries and eradicate global poverty, a media report said. In a


40 key sessions planned at Future Investment Initiative

More than 40 individual plenaries, summits, open discussions and taskforce sessions will be part of the second edition of the Future Investment Initiative (FII) taking place in Riyadh next week.   Saudi Arabia's Public Investment Fund (PIF) disclosed that th


ADCorp appoints senior executive officer

ADCorp, the first ADGM (Abu Dhabi Global Market)-based Islamic financial institution, has announced the appointment of Mohammed Al Khaja as the company’s senior executive officer.   Al Khaja will report directly to ADCorp’s Board of Directors. He will have overal


Mena's M&A transaction value surges to $45bn in Q3

The value of the merger and acquisition (M&A) transactions with any Middle Eastern and North African involvement during the first nine months of the year has hit $45.1 billion, up 65 per cent over the same period last year, thus hitting an eight-year high, according to Refinitiv, formally t


Dubai set to host third Fintech Summit

Financial technology (fintech) heavyweights will return to Dubai on October 30 on board the Queen Elizabeth 2 at Port Rashid for the third annual Fintech Summit, organised by leading regional deal facilitation company Naseba. With the Middle East’s financial landscape rapid


J P Morgan appoints senior expert to Mena team

J P Morgan Private Bank, a global financial leader providing advice and customized solutions, has announced the appointment of Adrian Jossa as executive director and senior banker to the Mena team. Jossa will lead on new client acquisitions across the Mena region, while providing


Arcapita invests in Saudi women’s fitness chain

Arcapita, a global leader in Shari’ah-compliant alternative investments, has invested in NuYu, a leading chain of women-only boutique gyms in Saudi Arabia.  Arcapita’s capital will help NuYu deploy over SR250 million ($67 million) to grow its network of b

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