Zawya.com and ABQ Investments merge

Zawya.com and private investment group, ABQ Investments have merged to form ABQZawya. The new company, which will be headquartered in Dubai, will develop much-needed financial data on the Middle East and North African region.

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By  Vijaya George Published  February 25, 2002

Zawya.com and private investment group, ABQ Investments have merged to form ABQZawya. The new company, which will be headquartered in Dubai, will develop much-needed financial data on the Middle East and North African region.

“One of ABQ Investments’ strategic aims is to develop and market financial data and services focusing on emerging markets, including those in the MENA region. We strongly believe that there is a significant lack of reliable business and financial information in the region which is essential to the creation and growth of a healthy market,” said Dr. Sabah Al-Binali, CEO of ABQ Investments and newly elected chairman of ABQ Zawya. “Our tie-up with Zawya aims to fill this crucial void in the market by providing valuable and important information for decision makers and market analysts, to be able to make better and more accurate decisions.”

The merger will enable the two companies to share data and technology assets. “During its first year of operations, Zawya.com has successfully targeted the markets of the Arab world to provide them with crucial business and finance related information,” said Ihsan Jawad, managing director, ABQ Zawya. He also added that the decision to shift Zawya’s HQ from London to Dubai was spurred by the launch of Dubai International Financial Centre (DIFC)—which is expected to serve a market of 1.5 billion people.

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