Cairo: CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful conclusion of the third securitized bond issuance on behalf of Aman Securitization, with the originator being Aman Consumer Finance. The issuance comes in 3 tranches: the first valued at EGP 307 Mn, with a tenor of 6 months, The second tranche, valued at EGP 222 Mn, with a tenor of 12 months. Both tranches received a Prime 1 rating from Middle East Ratings and Investor Services (MERIS). The third tranche, valued at EGP 136.5 Mn, with a tenor of 23 months, received a rating of A-. “This issuance, marking…
Author: Mahdeehassan
Cairo, Egypt — U Consumer Finance S.A.E., known under the trademark Valu, a subsidiary of EFG Holding, and EFG Holding are pleased to announce that Amazon has agreed to exercise its option to acquire a direct equity stake in Valu. In May 2022, Amazon entered into an Option Agreement with EFG Holding, acquiring USD 10 million of EFG Holding GDRs, with the option to convert such GDRs into a direct stake in Valu, equivalent to 4.255% of its share capital, upon a qualified liquidity event. Today’s exercise of that option, based on the terms and conditions of the Option Agreement, will…
DOHA, QATAR – Swissôtel, a globally recognised symbol of Swiss excellence and purposeful living, proudly introduces the executive leadership team behind its highly anticipated flagship address: Swissôtel Corniche Park Towers Doha and Swissôtel Residences Corniche Park Towers Doha. Opening in Q4 2025 along Doha’s iconic Corniche, this landmark destination merges Swiss elegance with the warmth of Qatari hospitality creating an urban retreat where vitality, craftsmanship, and sustainability shape every detail. Leading this development is a cadre of seasoned professionals, each bringing a unique perspective and a shared passion for delivering experiences that are thoughtfully designed and quietly enriching. At the helm is Ian Rydin, Cluster…
Featuring award-winning French baker Bruno Dinel and ME Dubai’s Executive Chef Biljana Nava Villarreal, the event reimagines breakfast with artisanal breads and global flavours. June 2025, Dubai, United Arab Emirates: Something special is rising at ME by Meliá Dubai this month. For one morning only, on June 17th, the hotel’s signature venue, Central Restaurant, will host an exclusive breakfast experience that brings together two celebrated culinary talents, Chef Bruno Dinel, founder of the award-winning French bakery Au Pain de Mon Grand-Père, and ME by Meliá Dubai’s Executive Chef Biljana Nava Villarreal, the creative force behind ME Dubai’s refined dining offerings. The one-day-only…
Dubai, UAE – Barceló Hotel Group is thrilled to announce the rebranding of Occidental Al Jaddaf to Barceló Al Jaddaf and its upgrade to 5-star. This rebrand marks the Spanish hospitality group’s first Barceló Hotel in the United Arab Emirates, highlighting the group’s focus on delivering exceptional guest services to the GCC market, characterised by the elevated service and personalised attention that defines the Barceló brand. Barceló Al Jaddaf ticks all the reasons why of the Barceló Hotels & Resorts DNA: an excellent location, a singular and purposeful design, a stay that never fails to surprise with all the must-haves and nice-to-haves, with a defined…
Abu Dhabi: In a strategic move to enhance access to mental health services across the region, Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has launched four specialist mental health centers under its mental health and wellbeing platform, Alkalma, through the integration of Aspris Healthcare facilities. The centers, located in Dubai’s City Walk and Dubai Healthcare City, Abu Dhabi’s Al Bateen, and Riyadh’s King Abdullah Financial District, are recognized for delivering personalized, adaptable mental healthcare across a wide spectrum of psychological needs. These newly integrated centers deliver personalized care through a range of therapy formats, including individual, group, and family sessions,…
Abu Dhabi, UAE – First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has become a Direct Participant (DP) of the Cross-border Interbank Payment System (CIPS), the official cross-border payment infrastructure for Renminbi (RMB). FAB’s direct participation in CIPS enhances its ability to provide clients with faster, more secure and efficient cross-border RMB payment solutions, reinforcing its leadership in cash management and clearing across the Middle East and North Africa (MENA) region, as well as its reputation for operational excellence and robust risk management. FAB is currently the only UAE bank…
Abu Dhabi, UAE: Following exceptional interest in Fahid Island – Abu Dhabi’s first coastal wellness destination and the world’s first Fitwel certified island – Aldar today announced it has generated over AED 3.5 billion in sales at Fahid Beach Residences and The Beach House, the island’s first residential developments released during launch week. The Fahid Island homes attracted a diverse pool of buyers, drawn by the island’s position as Abu Dhabi’s first coastal wellness destination, the waterfront lifestyle, and proximity to super-premium education at Kings College School Wimbledon which sits within the wider wellness inspired masterplan. Expatriate residents and overseas buyers…
Save the date: The show will return to the island next year, from 28–30 April. Last week, SBC Summit Malta transformed the InterContinental Hotel into a powerhouse of industry networking, bringing together 6,000 professionals from Malta and across Europe. This year marked the debut of the event under its new identity, following the rebrand from CasinoBeats Summit. With its expanded focus covering casino, sports betting, regulation, affiliation, payments, and emerging tech, the summit officially opened on Wednesday, 11 June, with a ribbon-cutting ceremony led by Malta’s Minister for the Economy, Enterprise and Strategic Projects, Silvio Schembri. Clinton Cutajar, CTO of digital marketing agency MediaTroopers, praised the rebrand: “The…
Visa (NYSE: V), a global leader in digital payments, announced significant advancements in its stablecoin initiatives, with expanded settlement capabilities in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region and a strategic partnership with Yellow Card, a leading pan-African fintech. These efforts further underscore Visa’s vision for transforming money movement and building the next generation of payment infrastructure through innovative technology. With the payments landscape more dynamic and competitive than ever, stablecoins are emerging as one of the most promising tools for faster and more accessible digital payments. Godfrey Sullivan, Visa’s Senior Vice President and Head of…