03/25/2022
As rouble plunges, wealthy Russians could boost Dubai property – S&P
Dubai remains a welcoming place for Russian citizens and HNWIs, which could boost demand, the ratings agency said
Alternative Investments
03/25/2022
Saudi Arabia's land bridge project costs 'to hit $26bln'
We have been working with an international coalition led by a Chinese company and including national companies for two years, says the minister
03/25/2022
Abu Dhabi hospital operator NMC Healthcare comes under new ownership led by ADCB
New structure will prepare the ground for NMC Group to find a new owner in 2-3 years
03/25/2022
Roland Berger strengthens its local presence in Saudi Arabia
“It is important for me, to be in Riyadh close to our key clients, and to be able to become a part of and contribute to the Kingdom’s professional and social fabric.”
03/25/2022
GCC banks stand to gain from rate rises and drop in cost of risk amid economic recovery
A 100-basis-point increase in benchmark interest rates would boost banks' earnings by 13%, S&P Global Ratings says
03/24/2022
ADQ and Türkiye Wealth Fund launch $300m venture capital fund
"ADQ TWF builds on the broader commitment to investing in the future growth of Türkiye we made in late 2021 as the UAE and Türkiye continue to advance bilateral trade and investment,"
03/24/2022
Arjun Vir Singh and Ryan Alnesayan partner at Arthur D. Little
Ryan Alnesayan is a partner in Arthur D. Little’s Public Services practice in the Middle East, and the leader of the firm’s Riyadh office.
03/24/2022
Mashreq Bank to support upcoming IPOs subscription on Dubai Financial Market
Dubai preparing to list 10 government-owned entities on DFM
03/23/2022
UAE businesses have some balancing to do as bank loans start to rise with US rate hikes
US Fed signals higher and faster rate hikes - what should UAE businesses do?
03/23/2022
Bank ABC, Emcap arrange $400mln loan for BankDhofar
Both the banks acted as joint co-ordinators, joint underwriters, initial mandated lead arrangers and bookrunners (together the Imlabs) for BankDhofar's loan facility
03/23/2022
OurCrowd appoints Apex Group for fund services
OurCrowd has set up an Australian Dollar unit trust for the first time, with Australian investors expected to comprise 12 per cent to 25 per cent of the raise.
03/23/2022
Cypher Capital launches USD100mln Blockchain Fund
USD100 million seed fund for investing in blockchain, crypto, and other digital asset projects
03/23/2022
CI Capital Holding for Financial Investments reports its FY21 consolidated results
Net profit after minority interest reached EGP681mln, up a notable 44% y-o-y, marking the highest results achieved in the history of the company
03/23/2022
Shuaa Capital launches $250m venture debt fund
Dubai investment bank has invested $545m in private debt transactions and $3bn structured across multiple sectors over the last 11 years, including technology
03/22/2022
Saudi Tadawul Group announces its intention to launch a bundle of enhancements to develop the post trade infrastructure
The bundle of enhancements across Saudi Tadawul Group’s subsidiaries will support the continuous development of the Saudi capital market into a technologically advanced, diverse, and integrated capital market
03/22/2022
Tamkeen plans tech training for 1,200 Bahrainis
This initiative will ensure that the right ecosystem is in place to grow tech startups while also increasing the kingdom’s competitiveness and positioning Bahrain as a regional investment hub.
03/22/2022
Saudi digital loan broker Arib raises $2.3m to expand operations
The capital will be used to obtain a licence, partner with financial institutions, grow its team and streamline operations, the company said
03/22/2022
APICORP receives ‘AA-’ credit rating from S&P Global
The rating enables APICORP to benefit from enhanced market access and mobilize financial resources at competitive rates
03/22/2022
Why crowdfunding is important for the UAE
The UAE Cabinet on Monday approved the use of crowdfunding in both public and private sectors
03/21/2022
Investcorp reaches €1.1bln of assets acquired in Europe
With acquisition of headquarters of Kering and a United Nations agency