Arif Sharif
Stories by Arif Sharif
Dubai’s biggest bank seeks to raise $1.76b from rights share offering
The state-controlled Emirates NBD PJSC plans to offer 758.8 million shares at 8.5 dirhams each.
First Abu Dhabi Bank proposes removing foreign ownership cap
The U.A.E., the second-biggest Arab economy, currently caps foreign ownership of businesses at 49%.
CVC Capital Partners nears $1b deal for stake in Dubai’s GEMS Education
The deal values the firm at more than $4 billion.
Abu Dhabi Financial Group, Shuaa Capital agree on merger
The Middle East’s financial-services industry is witnessing a wave of consolidation as banks seek ways to improve competitiveness and boost capital.
Dubai Islamic Bank taps HSBC to advise on acquiring smaller rival
An acquisition would create a lender with $76 billion in assets.
Dubai Islamic Bank weighs acquiring smaller local rival
The Middle East’s financial services industry is witnessing a wave of consolidation as banks seek ways to improve competitiveness.
Abu Dhabi’s Mubadala eyes Asia investments and alliances
The fund is looking at sectors including hi-tech industries, artificial intelligence, health care, real estate, as well as traditional private equity.
SoftBank Vision Fund said to raise $3b loan with Goldman, Mizuho
Citigroup Inc., Samba Financial Group and Mitsubishi UFJ Financial Group Inc. were also among banks that participated.
Egypt’s top i-bank EFG-Hermes explores SE Asian expansion, acquisitions
The bank will focus on consolidation in markets its recently entered, including those in Africa, Pakistan and Bangladesh. The company also sees an opp
Dubai’s Noor Bank wins right to swap Abraaj debt for fund stakes
Noor Bank will hold the stakes alongside other investors and limited partners.