First Abu Dhabi Bank (FAB) and Mastercard have joined forces in an exclusive long-term global partnership, expanding their extensive collaboration across the Eastern Europe, Middle East, and Africa (EEMEA) region. The groundbreaking agreement, covering key markets such as the UAE, Saudi Arabia, Oman, and Egypt, aims to bolster the region’s digital payments landscape through innovative […]
Al Rajhi Bank Issues USD1 Billion Sustainable Sukuk
Al Rajhi Bank, one of the world’s largest Islamic lenders, successfully raised $1 billion through the sale of 5-year sustainable Islamic Bonds or ‘sukuk’, according to a document from arranging banks released on Tuesday.
Clifford Chance Guides Sharjah’s $750M Sustainable Bond Issue
Global law firm Clifford Chance has provided legal counsel to the Government of the Emirate of Sharjah in a significant milestone: the issuance of $750 million sustainable bonds. The Government, represented by the Sharjah Finance Department,
In a significant legal victory, Charles Russell Speechlys (CRS) has guided Kuwait Finance House (Bahrain) (KFHB) through a complex case in the English High Court involving a disputed arbitration award termed as “a fabrication.” KFHB
Bank of Sharjah Facilitates Government’s $750M Bond Issuance
In a significant move towards bolstering its financial standing, the Government of Sharjah has successfully issued bonds worth USD750 million. The issuance, facilitated by Bank of Sharjah as Joint Lead Manager and Bookrunner, marks a
With Badreldin Elmogadam, SVP- Head of Legal Affairs Division (pictured), at the helm of its legal department, Ajman Bank has recently forged a strategic partnership with KPMG ESG Services, marking a significant step in its
Zaki Hashem boosts capital for Industrial Development Bank SAE
Zaki Hashem, Attorneys at Law, is announcing its pivotal role in facilitating a significant capital increase deal for the Industrial Development Bank SAE (ID Bank). The transaction, a landmark in the banking sector, amounts to
Norton Rose Leads Inaugural Chimera S&P India ETF Launch
Assisted by global law firm Norton Rose Fulbright, Lunate Capital has launched the Chimera S&P India Shariah ETF, marking the region’s inaugural exchange-traded fund (ETF) that monitors Shariah-compliant Indian stocks. The Chimera
Qatar Investment Authority Unveils Groundbreaking VC Fund
Qatar Investment Authority (QIA) is gearing up to introduce Qatar’s inaugural venture capital (VC) Fund of Funds, a groundbreaking initiative designed to propel innovation within the country. With an ambitious investment exceeding USD 1 billion,
Mashreq Closes US$88 Million Debut Deal for Agrobank
With Senior EVP, Group General Counsel, Marouf Mohamed Shweikeh (pictured), at the helm of its legal department, Mashreq, a prominent financial institution in the MENA region, has recently concluded a significant transaction by finalizing a