January, 2019

• 2 January

  RBC’s McGregor eyes private-equity deals

  

  Bloomberg Call it a New Year’s resolution for Royal Bank of Canada’s top investment banker: Doug McGregor wants to spend more time with private equity in 2019. As head of RBC Capital Markets, McGregor spent a decade expanding a Canadian bank-owned firm once focussed on its home turf into a global operation with more bankers, resources and revenue in the ...

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• 2 January

  Access, Diamond banks sign pact on merger

  Bloomberg The Board of Access Bank Plc announced the signing of a memorandum of agreement (MoA) with Diamond Bank Plc regarding a potential merger of the two banks that will create Nigeria and Africa’s largest retail bank by customers. This follows its selection as preferred bidder after a competitive process undertaken by the Board of Diamond Bank. The proposed merger ...

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• 2 January

  Investors battle to swallow Absa’s road to recovery tale

  

  Bloomberg Absa Group Ltd is having a hard time convincing some investors it can win back the market share lost while under the control of Barclays Plc. South Africa’s third-largest lender was once the leading retail bank with over 10 million customers and more mortgages on its books than any of its Johannesburg-based peers. Now, released from the shackles of ...

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December, 2018

• 31 December

  UAE leaders extend New Year wishes to residents

  Abu Dhabi / Emirates Business On New Year’s eve, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, took to Twitter to greet UAE residents. In ...

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• 31 December

  UAE banks invest $24bn in Saudi Arabia, Egypt

  

  ABU DHABI / WAM The investment of UAE’s banks in Saudi Arabia and Egypt reached AED87.2 billion ($23.7 billion)at the end of Q3 2018, representing 12.5 percent of the total assets invested abroad, which amounted to about AED693 billion in September of the same year. Figures from the UAE Central Bank show that the value of investments by UAE banks, ...

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• 31 December

  UAE online travel sales set to reach AED17bn

  

  DUBAI / WAM The value of the UAE’s online travel sales in 2018 is forecast to reach AED17.3 billion, driven by a growing population, increasing number of tourists, and UAE residents’ shift towards digital services, a new analysis from the Dubai Chamber of Commerce and Industry revealed. The analysis, based on recent data from Euromonitor International, found that direct online ...

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• 31 December

  Oil heads for first annual slump in 3 yrs

  

  Bloomberg Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year that saw fears of supply scarcity turn to expectations of a surplus. Crude surrendered early gains on Monday and fell as much as 1.3 percent in New York, on track for the worst quarterly drop since the last oil market crash ...

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• 31 December

  DP World invests $3bn in acquisitions, expansions

  

  Dubai / WAM DP World, Dubai-based global operator of shipping terminals, diversified its global business portfolio through investments and acquisitions worth $3 billion in 2018, the company said. It also deepened its engagement with revolutionary new technologies and extended meaningful support to environmental initiatives around the world during the year, achieving strategic growth in diverse fields, it said. The headline ...

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• 31 December

  Mohamed receives FANR delegation

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a delegation from the Federal Authority for Nuclear Regulation (FANR) on Monday at Qasr Al Bahr in Abu Dhabi. During the meeting, attended by HH Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi ...

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• 31 December

  Sharjah provides ‘96’ traffic patrols on New Year’s eve

  Sharjah / WAM In line with the directives of Major General Saif Al Zari Al Shamsi, Commander-in-Chief of Sharjah Police, all the security services of the Sharjah Police have started their work in various fields, roads, and vital places, which are intensely gushing during the New Year’s Day celebrations. Sharjah Police provides “96” traffic patrols on New Year’s Eve to ...

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