11/23/2021
Saudi investment funds' assets hit $140bln in Q3-21
On a quarterly basis, Saudi Arabia's investment funds recorded a 1.7% rise in the total value of assets in Q3-21
Alternative Investments
11/23/2021
Mashreq signs MoU with Dubai South to support SMEs
This partnership comes with the backdrop of Expo 2020, which aims to build a connected robust economy in the country driven by SMEs.”
11/23/2021
Abu Dhabi's Mubadala expects unchanged investment strategy in 2022
Areas such as renewables, technology and life sciences will continue to remain themes for the state investor, Al Mubarak said at a conference.
11/21/2021
Saudi Re named ‘Reinsurance Company of the Year’
The gross written premium grew 18 percent to SR935 million
11/21/2021
Saudi EXIM Bank, HSBC and SABB sign MoU to advance trade & export finance and credit insurance collaboration
The scope includes the establishment of a framework for cooperation in export-import financing and insurance products
11/19/2021
Mubadala Capital Commences Operations as a Wholly Owned Asset Management Subsidiary of Mubadala Investment Company
While Mubadala Capital is now operating as an asset, it remains fully owned by Mubadala
11/19/2021
Saudi Arabia allocates independent budget to free zones authority
The authority had also signed with the Industrial Fund and Emaar the Economic City, a tripartite cooperation agreement to activate the industrial and logistical integration initiative
11/18/2021
Israel's Sovereign Wealth Fund to begin operating mid-2022
The Sovereign Wealth Fund had been scheduled to operate from 2018 but was postponed several times, among other things because of lower than expected revenue from some of the fields in recent years.
11/17/2021
Emirates Islamic rings market-opening bell to celebrate listing of $500mln sukuk on Nasdaq Dubai
The 5 years’ benchmark issuance rated A+ by Fitch Ratings was priced at 2.082% and was 2.4 times oversubscribed
11/17/2021
BHM Capital reports net profit of AED 9.2mln in Q3 of 2021
Company continues to deliver strong results
11/16/2021
Qatar and Rwanda Establish US$250M Pan-African Social-Economic Transformation Fund
The Fund’s Head Office will be based in Kigali and domiciled in the Kigali International Financial Centre (KIFC), which offers a safe
11/16/2021
Dubai launches $272mln Future District Fund to invest in startups
The aim of the fund is to support emerging companies in the technology sector
11/16/2021
General Reinsurance expands its Middle East presence with new office at DIFC
The establishment of General Reinsurance AG Dubai Branch reinforces DIFC as the reinsurance hub of choice
11/16/2021
Emirates Development Bank, Dubai Industries & Exports sign agreement to boost industrial growth
This partnership aligns with EDB’s continuous efforts to enable the industrial transformation and economic diversification agenda in the UAE, build a knowledge-based economy, increase global competitiveness and sustainable growth, and support startu
11/15/2021
GCC start-up & SME sectors recognised as key drivers
Become key factors for regional GDP growth, employment and innovation as regional economies recover
11/15/2021
Deutsche Bank, UAE's FAB execute Middle East's first green repo transaction
Deutsche Bank will deploy the funds into green financing activities such as development of renewable energy
11/15/2021
Bahrain Investcorp leads $17mln investment in India's Wingreens Farms
Omidyar Network India participated in the deal
11/15/2021
Gulf Insurance Group raises KWD 60mln for Kuwait's first perpetual bond in KWD and first bond issued by an insurer
Kamco Invest acted as the Lead Manager & Structuring Advisor
11/15/2021
Amlak Finance reports $294mln profit to September
The increase in income is attributed to arbitration settlements and debt settlement arrangements
11/15/2021
Kamco Invest reports net profit of KWD8.2mn
Income generating properties were acquired in the UK and US on behalf of clients with a total value of USD343mn.