«a strategic»:

Bank ABC secures upgrade from Fitch to investment grade rating BBB- reflecting continued strategic momentum

Fitch assigns ‘BBB-’ Long-Term IDR with Stable Outlook, recognising strengthened risk profile, capital and international footprint Manama, Bahrain: Bank ABC (Arab Banking Corporation B.S.C.), a leading international bank headquartered in the Kingdom of Bahrain, is extremely pleased to announce that Fitch Ratings has upgraded its Long-Term Issuer Default Rating (IDR) to ‘BBB-’ from ‘BB+’ and its Viability Rating (VR) to ‘bbb-’ from ‘bb+’, with the rating outlook as ‘Stable.’ Fitch has announced the rating upgrade, citing the Bank’s strengthened risk profile, diversified international operations and a robust capital and liquidity position. It has also recognised Bank ABC’s enhanced asset quality, prudent risk management and strategic rebalancing towards lower-risk markets. Fitch cited the Bank’s “regional corporate franchise and wide geographical...


A strategic partnership between Reportage Properties and Mobica Furniture

  Reportage Properties، the leading UAE real estate developer، announced signing of an agreement with، the leading company in manufacturing furniture.The partnership created a new company، “IPS Reportage Construction and Development،” which will provide state-of-the-art services in construction and real estate development.The agreement was signed by Andrea Nucera، Managing Director of Reportage Properties، and Mohamed Farouk، Chairman and CEO of Mobica.Reportage PropertiesThe agreement aims to enhance cooperation to provide innovative solutions that improve the experience of Reportage customers and contribute to creating ideal work environments.Reportage Properties confirmed their interest in strengthening strategic partnerships with famous and distinguished companies working in the field، to continue achieving more success and sustainable growth.They bank on that partnership with Mobica to be a step towards...


EFG Hermes Successfully Concludes Advisory on the Demerger of Al Arafa for Investment and Consultancies S.A.E into Two Companies which are Concrete Fashion Group and Gtex

 EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that it concluded advisory on a EFG Hermes Successfully Concludes Advisory on the Demerger of Al Arafa for Investment and Consultancies S.A.E into Concrete Fashion Group for Commercial and Industrial Investments (Concrete) and Gtex for Commercial and Industrial Investments (Gtex).In a bold strategic move، the recent demerger aimed to carve out the essence of style and industry prowess، housed within Concrete، from the array of strategic investments held by Gtex. This pivotal decision was fueled by a collective vision to sharpen management focus on every facet of the business، empowering both entities to soar to new heights of performance. By fostering specialized...


فيديو نادر لعماد مغنية مع صحافيين داخل نفق لـحزب الله.. شاهدوه!

نشرَ معهد "ألما" الإسرائيليّ للدراسات الإستراتيجيّة والأمنية، مقطع فيديو نادر جداً يُظهر القائد العسكري لـ"حزب الله" الشهيد عماد مغنية داخل أحد الأنفاق التابعة لـ"حزب الله" في لبنان.   وبحسب الفيديو، فقد بيّن الفيديو وجود آليات داخل النفق، كما ظهر أشخاص آخرون إلى جانب مغنية من بينهم الصحافي الراحل جوزيف سماحة ورئيس تحرير جريدة "الأخبار" إبراهيم الأمين.     Following the reveal of Hamas' strategic tunnel in Gaza (Dec 17), the food chain of Iranian proxies is clear. First Hezbollah, then everything else. If these are the capabilities of Hamas, then what are the capabilities of Hezbollah in the context of building strategic tunnels? pic.twitter.com/C5MHnn8a72 — Israel-Alma (@Israel_Alma_org) December 18, 2023


Valu Announces its Strategic Rebranding as Part of its Evolution into a Universal Financial Technology Powerhouse

The move reflects Valu’s growth and transformation to better serve its clients، underscoring the breadth and depth of its portfolio of value-accretive financial solutionsValu، MENA’s leading financial technology company، announced today a strategic rebranding، marking a pivotal shift in its brand architecture. Today، Valu is no longer just a Buy-Now، Pay-Later (BNPL) platform nor a consumer finance player only; it has evolved to become a universal financial technology powerhouse with a comprehensive suite of financial solutions. The rebranding is a milestone in the company’s journey of growth and transformation as it represents its commitment to better serving its clients and expanding its reach in the dynamic world of financial technology.  Valu has consistently been at the forefront of innovation and a...