11/22/2019
Revealed: Dubai's 2020 hitlist to grow foreign direct investments
Dubai FDI says missions next year include two trips to the US and single trips to India, China and Australia
Alternative Investments
11/21/2019
Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees
Environmental groups celebrate major reduction in oil giant's plans
11/21/2019
Egypt wealth fund eyes Gulf partners to drum up foreign investment
CEO Ayman Soliman sets sights on Saudi Arabia, Kuwait and Oman after $20bn deal with the UAE
11/21/2019
Private equity poised as UAE relaxes restrictions
As the UAE opens up to foreign ownership, an expert panel convenes at our Dubai campus to consider private equity’s role in the region
11/21/2019
Bahrain bank, China firm create $50m venture capital fund for Middle East tech market
The fund – MEC Ventures – will invest across sectors such as e-commerce, fintech, and technology ecosystem enablers
11/21/2019
CMA allows SICO to offer asset management services in Saudi Arabia
The announcement marks the SICO Asset Management Division’s first entry into a market outside Bahrain
11/20/2019
Saudi mall operator Arabian Centres sells $500 mln debut Islamic bonds
Arabian Centres went public earlier this year with a 2.8 billion riyal ($746.65 million) initial public offering in Saudi Arabia, the kingdom's third biggest since Saudi lender National Commercial Bank raised $6 billion in 2014.
11/20/2019
China-Bahrain venture fund targets Middle East tech market
The fund also plans to target big data, artificial intelligence, cloud computing, and logistics and networking systems, it said in a statement.
11/20/2019
Al Salam Bank-Bahrain and MSA Capital (China) to launch $50 million MEC ventures positioning Bahrain as MENA's gateway to the digital Silk Road
MEC Ventures will be the first privately funded and led venture to unify Chinese and Middle Eastern capital and technology markets
11/19/2019
Moroccan sovereign fund aims to double investments to $6bn in 5 years
Ithmar Capital is speaking with long-term investors for co-investments in several projects in Morocco, its managing director says
11/19/2019
Qatar ranks top in GCC Islamic banks’ liquid asset ratio
Qatar’s Islamic banks have the highest liquid asset ratio among GCC countries in the period between 2016 and 2018. The liquid assets to total assets ratio, or liquid asset ratio, is one of the key indicators of a bank’s liquidity.
11/19/2019
Dubai's Shuaa Capital says plan to sell market-making unit fails
Buyer pulls out of deal to acquire Shuaa Capital International but to proceed with plan to buy securities brokerage
11/18/2019
Eager Saudis prepare to snap up stakes in ‘crown jewel’ Aramco
The marketing blitz contrasts with the other bumper share sale this month, the secondary listing of Chinese retail titan Alibaba
11/17/2019
Abu Dhabi bond offerings to use private cash to tackle social ills
The first 'social impact bonds' to be introduced in the Gulf were welcomed by Gordon Brown, former UK Prime Minister
11/17/2019
Trading activity in regional markets expected to be dominated by sentiments in global markets
However, the mixed economic data during the week led to volatility in rest of the global markets
11/15/2019
UAE launches venture capital fund for defence and security SMEs
Supply chain finance will also be made available for confirmed projects within the UAE
11/15/2019
UAE venture selected for Inclusive FinTech Accelerator Programme 'Finance Forward'
The program will take place from November 17-20 in Amman and two peer-selected finalists from this cohort will receive grant capital provided by MetLife Foundation totalling USD $50,000.
11/15/2019
Blame game: addressing the UAE's SME debt dilemma
Investors who had lost hundreds of thousands of dirhams in the failed business told Arabian Business at the time that Ford’s false promise made their “blood boil”.
11/15/2019
L&T Cap likely to sell Dubai Wealth business
The wealth book is estimated to be about $200-250 million which may be valued between 2 and 5 percent of the book size.
11/15/2019
Norway fund shuns G4S over human rights violation risks
Many of G4S's employees in in Qatar and the United Arab Emirates are migrant workers who paid recruitment fees to join the company