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First Abu Dhabi Bank’s global markets head, other senior bankers step down
The changes mark the latest in a series of management shake-ups
Infini Capital to manage ADGM Asian hedge fund
The Hong-Kong based Infini Capital secured preliminary approval to manage the fund
Chances of heavy rain and hail + It’s the last day of the WTO ministerial conference
Good morning, wonderful people. It’s a reasonably brisk news day as we start our slide into the weekend, giving us…
Emirati banks had a good 2023
The top 10 banks saw their net income surge 54.1% y-o-y
New York-based Biz2Credit + Magnati to facilitate USD 1 bn SME loans
Biz2Credit will use Magnati’s real-time payments data to boost banks’ confidence in lending to SMEs
Economy to expand by 4% in 2024 -FAB
FAB projects the GCC to grow at a 3.4% clip in the medium term
FAB issues USD 850 mn five-year debt
The lender’s issuance saw USD 2.1 bn worth of orders
ADCB to set up shop in KSA + Dubai billboards for Saudi-Emirati JV
The JV is owned by Saudi’s Al Arabia Out of Home Advertising, Mawaqie, and an undisclosed Emirati company
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