Lebanon-based equity fund EuroMena II has acquired a 51% stake in Egypts eye surgery hospital group Al-Oyoun Al-Dawali, Daily Star reported citing the funds senior investment manager Wassim Heneine. The value of the deal was not disclosed. Through this investment, EuroMena II aims at expanding into the health care sector in various MENA countries. The fund has a capital of USD 100mn. In October, the fund invested USD 13.5mn in the Lebanese electronics and appliance distributor Khoury Home. |
Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more
National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more
The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more