Middle East and North Africa

Middle East and North Africa

ESIC Makes AED 1 Billion Property Purchase with Sukuk Funds

Emirates Strategic Investments Company (ESIC) announced that it has acquired two mixed-use properties in the United Arab Emirates, one of a series of investments...

Egypt Prioritizes Education as Main Pillar of Development

The Egyptian government prioritizes the education sector as a key pillar of the country's development process, Minister of Planning and Economic Development Hala El-Said...

Egypt Insurance Law Incorporates Takaful

For a country with Egypt’s economic profile, its insurance penetration has been surprisingly low. All this is set to change with a comprehensive law...

Dana Gas to Use Egyptian Asset Sale to Pay Down Sukuk

Sharjah-based Dana Gas will use the proceeds from the sale of its Egyptian assets to pay down its sukuk due in October, its chief...

Abu Dhabi Islamic Bank to Cut Jobs, Shut Branches to Save...

Abu Dhabi Islamic Bank (ADIB) plans to save around AED 500 million ($136 million) by cutting jobs and closing branches as sluggish economic growth...

Abu Dhabi’s ESIC Acquires Two Mixed-Use Properties for $272m

Abu Dhabi-based Emirates Strategic Investments Company (ESIC) has acquired two income-generating, mixed-use properties in the UAE for $272m, as part of a series of...