10/04/2023
Northern Trust Appointed Global Custodian by Abu Dhabi Pension Fund
Multi-asset class solution to provide integrated public and private asset support.
Alternative Investments
10/04/2023
Salt Edge and SeaPay forge partnership, boosting open banking for Saudi Arabian businesses
The collaboration between SeaPay and Salt Edge is meticulously designed to amplify the innovative open banking solutions available to local merchants in Saudi Arabia.
10/04/2023
EY celebrates 100 years in MENA with record results
Since its early MENA beginnings in 1923, when EY setup its first regional office in Cairo, the firm has grown into a powerhouse.
10/03/2023
Ruya partners launches private credit fund
The fund has been classified as a private credit fund under the ADGM’s new private credit fund framework.
10/02/2023
QSE loses 35 points as rate concerns loom large
The foreign individuals turned bearish, albeit at lower levels, in the main market, which however touched an intraday high of 10,284 points.
09/29/2023
Abu Dhabi's ADNIC to acquire 51% stake in Saudi insurance firm
Abu Dhabi's ADNIC to acquire 51% stake in Saudi insurance firm ADNIC plans to purchase the share capital via internal cash resources
09/29/2023
‘October forms real test for QSE upcoming directions’
Youssef Bouhlaika added that October will form the real test for the directions of the QSE index until the end of 2023.
09/29/2023
Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy
MidOcean is in the process of acquiring interests in four Australian LNG projects
09/28/2023
ADX appoints BNY Mellon for global custody offering
Arrangement will enable dual listings from global markets on the ADX
09/25/2023
Arab region has great opportunities to harness digitalisation, AI in making progress in implementing climate action: Mahmoud Mohieldin
Mohieldin said that the banks’ fulfilment of their Net Zero commitments would affect the economies in general and would involve the customers in the emissions reduction process.
09/25/2023
Banks urged to drive green growth and digitalization for climate action in the Arab region
Mohieldin stated that the banking sector’s fulfillment of its net zero commitments will reflect on economies in general and will play a crucial role in involving customers in the emissions reduction process.
09/22/2023
UAE and Philippines Strengthen Financial and Investment Ties
The primary focus of the discussions was the reinforcement of financial and investment cooperation between the two nations, especially as they approach the commemoration of the 50th anniversary of diplomatic relations in 2024.
09/21/2023
PIF supporting real estate renaissance in Saudi Arabia
The report showed that residential property prices rose by 1.1 percent and commercial by 0.2 percent compared to last year.
09/21/2023
Saudi holdings of US Treasuries rose for first time in 4 months to $109.2bn
Simultaneously, Saudi Arabia’s short-term bonds were worth $8.24 billion, accounting for 8 percent of the total value.
09/21/2023
93% of UAE’s small businesses plan to expand globally
Small businesses shift from ‘survival mode to growth mode’, says Visa
09/21/2023
Emirati Businessman Alabbar seeks to acquire state-run real estate company in Egypt
The sources, who preferred to remain anonymous, said that Eagle Hills is exploring various opportunities in the Egyptian real estate market, especially in the development sector
09/20/2023
ADQ-backed ADC announces landmark SPAC merger deal with United Printing & Publishing
UPP will become a publicly listed company on ADX; The transaction implies an enterprise value of $163.4 million for the company
09/19/2023
RAK Properties launches ‘Cape Hayat’ in Mina Al Arab
Premium residences with unmatched views
09/19/2023
Quantuma brings deal advisory and turnaround offering to the region
During this time the team has grown to comprise a senior team of subject matter experts in fraud investigations, asset-recovery, and forensic accounting
09/18/2023
Valu closes sixth issuance in a securitized bond offering worth EGP 922.3mln
The issuance comes as part of a renewed short-term program and is a strategic step forward in Valu’s strategic growth objectives