06/24/2021
Kuwait’s $134bn pension fund has record gain in turnaround
The $134bn pension fund recorded 20.9 per cent growth in assets in the year ended March 31
Alternative Investments
06/23/2021
Dubai Developer to Plan $2.6 Billion Debt Restructure Talks
The company also intends to sell assets to raise fresh funds, they said.
06/22/2021
UAE receives $20bln FDI; 15th largest recipient of inflows in world
The emirates climbed seven places in global rankings from 2019 to 2020
06/22/2021
Dubai''s investment arm ICD records full year loss of 15.50 billion dirhams
ICD said the pandemic crisis significantly affected its operations and said its losses came from transportation and hospitality. It said it recorded some profits from banking and financial services.
06/21/2021
Alkhabeer Capital announces second additional offering of REIT Fund
The additional shares are priced at SR9.03, inclusive of subscriptions fees and value-added tax.
06/20/2021
Dubai GFH Capital exits U.S. industrial portfolio
Exit to deliver 40% return to investors over the holding period
06/20/2021
Abu Dhabi back to bond markets despite rebound in oil
“I’m hearing that the issue size is around $2 billion only,”
06/20/2021
Saudi-listed companies see total profits surge 44 percent in Q1 2021
“The energy and the banking sectors have helped in pushing the total market profitability upward,”
06/18/2021
World Bank forecasts Qatar economy to post GCC’s best growth rate of 4.5% in 2023
The World Bank's 2021 growth forecast for other GCC countries is Kuwait (2.4%), Oman (2.5%), Saudi Arabia (2.4%) and UAE (1.2%).
06/18/2021
SH Capital secures DIFC brokerage licence to empower SMEs
The company has selected FinIQ, a leading capital markets technology provider for its fintech platform
06/18/2021
Not a tough sell: UAE retail sector poised to be best in GCC
Rising consumer confidence and spending aiding recovery; online channels to play key role
06/18/2021
NikKhah Consulting launches operations in Dubai and Istanbul
The hubs will enable the firm to provide its Iranian customer base with an on the ground offering aimed at helping them expand into and grow in the UAE and Turkey.
06/18/2021
Saudi insurance merger to create massive investment fund
The merger will create cost savings of tens of millions of riyals
06/17/2021
Abu Dhabi broker Capex.com raises $21mln and targets millennial investors
The proceeds will be used to launch new products and for its expansion plans in key markets around the world
06/16/2021
ThinCats receives £160m from Kuwait-backed investor to scale up SME lending
WCP is an exceptional partner with proven experience in supporting specialty finance platforms.
06/14/2021
Saudi wealth fund PIF leads investment in $800m Middle East infrastructure fund
Aberdeen and Investcorp announced the fund two years ago with a view to channel investment into the Middle East’s health care, education and utilities industries
06/11/2021
Saudi sovereign fund PIF to invest in Investcorp-Aberdeen infrastructure fund
The new fund has also received board approval from the Asian Infrastructure Investment Bank to commit $90 million, the statement said.
06/10/2021
Emirates Development Bank successfully closes $750 million five-year bond
Bond issue 4-times oversubscribed
06/08/2021
See Why Abu Dhabi’s Big Sovereign Wealth Fund Wants an AI Group for Investing
Some parts of Kepler’s adventures include applying machine learning techniques to create a framework for forecasting financial statements’ line items to derive the intrinsic value of a stock.
06/08/2021
Greenstone wins award for 'Best Risk & Compliance Implementation' at MEA Finance Awards 2021
The winners were announced at a gala event held at the Armani Hotel, Burj Khalifa, Dubai, with over 100 industry leaders from the banking and financial services ecosystem in attendance.