Abu Dhabi investment company approve merger plans
Abu Dhabi based investment holding company Multiply Group has announced its shareholders have approved plans to acquire 2PointZero and Ghitha...
Banking
Qatar wealth fund to launch $2.5 billion private equity fund
Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA), is partnering with Japan’s Orix to start a $2.5 billion (£1.9 billion)...
Syria: banks have months to plan restructure following crisis
In an attempt to revive its banking sector, Syria’s central bank has given commercial lenders six months to provision for...
Abu Dhabi’s IHC acquires stake in Pakistan’s women bank
Abu Dhabi’s IHC (International Holding Company) has acquired a majority stake in Pakistan's state-owned First Women Bank Limited (FWBL), reports...
Swiss bank UBS opens advisory office in Abu Dhabi
The Swiss bank UBS has opened a new advisory office in Abu Dhabi’s financial centre, Abu Dhabi Global Market (ADGM),...
EU bank boasts Tunisia support but questions linger
Jean-Luc Revereault, outgoing head of the European Investment Bank (EIB) office in Tunisia, claimed Tunisia remains of great importance to...
New shipment of Libyan currency lands in Tripoli
The Central Bank of Libya (CBL) have had a shipment of new Libyan banknotes arrive at Mitiga International Airport in...
Lebanon: Central bank bans deals with Hezbollah’s finance wing
The central bank of Lebanon issued an order on July 15th, prohibiting financial institutions from working with entities that are...
Morocco’s banking booms
Morocco’s banking sector is booming, with the nation’s financial stability watchdog reporting net profits of a staggering 24%, reports The...
Morocco’s economy gains momentum with 4.8% GDP growth
With gross domestic product up 4.8% in the first quarter of 2025 compared to 3% in the same period last...
Tunisia’s public banks face $2.3B in unpaid loans
Non-performing loans at Tunisia’s public banks have risen to 6.87 billion dinars (approximately $2.32 billion), reflecting the severity of the...
Algerian Dinar plummets as nation trips into EU’s blacklist
The Euro continues to soar against the Algerian dinar on the nation's black currency market according to TSA-Algerie. A reaction...
Minister stops Israeli banks from working with Palestine
The Israeli finance minister has blocked a waiver which enables his nation's banks to work with Palestinian banks, which could...
Algerian Union Bank expands in Mauritania
The Algerian Union Bank (AUB) is set to open its third branch in Zouérate this June, continuing its expansion in...
France backs Morocco’s south with major €150M investment
Investments worth an estimated 150 million euros are set to be implemented in Morocco's southern provinces by the French Development...
