 |
Dubai Financial Group sells stake in EFG-HermesDubai Financial Group sold its 11.8 percent stake in Egyptian investment bank EFG-Hermes Holding to France's Natixis under a debt restructuring deal, its parent company said on Sunday. The sale was "consistent with the bu More… |
 |
Fitch lowers TAIB Bank ratingsFitch Ratings has revised TAIB Bank's Long-term Issuer Default Rating to B- from B+ and its Individual Rating to D/E from D. Its Short-term IDR of B and Support Rating of 5 have been affirmed. The outlook is stable. Fitch has simultane More… |
 |
Dubai Group wins award for $1.5bn dealDubai Financial Group has been awarded the ‘Best Tawarruq Deal of the Year 2008’ by Islamic Finance News for their $1.5 billion facility arranged last August. Dubai Financial Group is the financial holding company for Dubai Group focusing More… |
 |
Dubai Financial buys Abraaj stake in bankAbraaj Capital has decided to sell two of its units in Egypt to Dubai Financial Group (DFG) for $1.1 billion. The units - Abraaj Egypt Ltd and Abraaj SPV 26 Ltd - collectively own a 24.62 per cent stake in the Cairo-based EFG-Hermes. More… |
