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Mena M&A deal value hits record high of $112b in H1

Abu Dhabi / Emirates Business The value of announced M&A transactions in the Middle East and North Africa (Mena) reached an all-time high of $112 billion in the first half of 2019, according to a report from financial data provider Refinitiv. The increase of 231 percent compared to the value recorded during 2018, was driven by Saudi Aramco’s $69.1 billion ...

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Yemen is of strategic importance for Arab security, says Mohamed

Bloomberg His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, underscored that preserving Yemen’s security and stability and supporting its people were part of the established pillars of the UAE policy since the time of the late founding father, Sheikh Zayed bin Sultan Al Nahyan. His Highness ...

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Etisalat Digital signs deal with 8 banks on new blockchain platform

DUBAI / WAM Etisalat Digital, in partnership with First Abu Dhabi Bank, FAB, and Avanza Innovations, have developed UAE Trade Connect, UTC — a new nationwide platform that will use the latest disruptive technologies to digitise trade in the UAE. The initial phase will focus on addressing the risks of double financing and invoice fraud before turning to other key ...

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