Sunday 9 August 2020

Tap helps 20,000 firms accept online payments

Over 20,000 businesses were e-commerce-enabled using Tap’s online payment services since the start of the Covid-19 crisis.    “At Tap Payments, we have simplified the process of digital payment acceptance across the GCC countries so that a custo


Investcorp closes second European CLO at $293m

Investcorp, a leading global provider and manager of alternative investment products, said its credit management business has closed an approximate €250 million ($293 million) collateralized loan obligation (CLO).   The closing of the Harvest CLO XXIV DAC (


Dar Al Takaful completes acquisition of Noor Takaful

Dar Al Takaful, a Dubai-based Islamic insurance company, has completed the acquisition of Noor Takaful, according to an announcement on the Dubai Financial Market's website.   The insurer had earlier signed a deal to acquire the entire shares of Noor Takaful


NBB and ThinkSmart join hands for Forsati Project

The National Bank of Bahrain (NBB) and ThinkSmart, a leading ICT provider in the region, have joined hands to collaborate on a special project aimed at grooming the kingdom’s future IT leaders.    The program, known as ‘Forsati’, is an ini


Instinctif Partners, Advert One in key IPO advisory role for Amlak

Instinctif Partners, a leading international business communications consultancy and Advert One, a specialist in financial communication services, said they have completed their role in providing strategic communications counsel and public relations to Saudi Arabia's leading non-bank real


Mideast M&A activity on the rise: Lumina Capital

Dubai-based Lumina Capital Advisers, a specialist mid-market M&A firm, has announced the successful completion of a follow-on equity funding round from a consortium of regional investors into UK-based Amara Living Ltd. The deal follows closely on the initial April 2020 closin

More… receives retail license from ADGM, a leading global broker operated by Key Way Markets, has become one of the first brokers to receive a retail license from the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA).   The move enables to expand its value proposition a


Startupbootcamp sets up regional HQ at DIFC

Startupbootcamp, a global industry-focused startup accelerator, has established its regional headquarters at Dubai International Financial Centre (DIFC), a global financial centre in the Middle East, Africa and South Asia (MEASA) region. Startupbootcamp is part of Rainmaking, one


StanChart appoints CEO for Saudi branch

Standard Chartered Bank has announced the appointment of Yazaid Al Salloom as Chief Executive Officer, Standard Chartered Bank Saudi Arabia, effective August 1.     Al Salloom joined Standard Chartered Bank in 2018 and brings a wealth of experience fro


Mirabaud Asset Management acquires prime US properties for $95m

Mirabaud’s Asset Management division, on behalf of its Middle Eastern and international clientele, has structured the acquisition and retained management of two of the single tenant office buildings in the US.    Both properties located at District 23

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