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Alternative Investments

04/04/2023

DIFC registers 'strong interest' from digital asset companies and hedge funds

'Dozens of companies' are looking to set up trading platforms, provide alternative trading systems or put crypto assets into a fund, DFSA chief executive Ian Johnston says

04/04/2023

Saudi Arabia's sovereign wealth fund reveals its VC portfolio

The Information earlier reported on Sanabil's portfolio disclosures.

04/04/2023

MENA equity capital markets stutter in Q1-2023 as number of deals fall

ECM raised 6% less in proceeds compared to year-ago period, says Refinitiv data

04/03/2023

National Finance wins ‘Leadership in SME Financing’ Award at Muntada Al Mara

The award recognises National Finance's commitment to providing innovative financial solutions that meet the unique needs of Small and Medium Enterprises (SMEs) in Oman

04/03/2023

Saudi Arabia, UAE and allies announce surprise oil production cuts

The output cuts will exceed more than one million barrels per day and will be effective from May until the end of the year

04/03/2023

UAE: Gold prices drop after Opec+ announces surprise oil output cuts

Precious metal is now vulnerable to move down to $1,900

04/03/2023

Saudi: Jabal Omar turns to $94mln losses in 2022 results

Revenues stood at $226.53mln last year

04/03/2023

UAE ranks 18th globally in FDI confidence index

The GCC countries were high in the emerging markets ranking with Qatar ranking fourth and Saudi Arabia ranking sixth globally

03/31/2023

Kuwait bourse closes higher

Meanwhile, the bourse Main 50 Index increased by 25.6 points to the level of 5,593.05 points.

03/31/2023

UAE ranks first regionally and third globally in Kearney's emerging markets index

GCC economies Qatar and Saudi Arabia also feature in world's top 25 first

03/30/2023

Kuwait Sovereign Wealth Fund Reduces Stake in Mercedes-Benz

The sovereign wealth fund will still own about 53 million shares of the German car company

03/30/2023

Dubai Financial Market introduces ‘Omnibus Accounts’ for investors

This move will enhance international investors’ access to DFM’s diversified investment opportunities

03/30/2023

Corporate loans to drive Saudi banks’ credit growth

However, relatively modest growth in profits (before Zakat) indicates the ongoing pressure on the cost of funding, according to the report

03/29/2023

IQ-EQ expands global footprint into the United Arab Emirates

The new office, located in the Dubai International Financial Centre

03/28/2023

Real GDP growth projected to expand by 4.3% in 2024: UAE Central Bank

For the whole year, growth is estimated at 7.6%

03/27/2023

UAE exchange firm Al Ansari raises $210mln in IPO

The retail offer was oversubscribed 44 times

03/27/2023

Foreigners will be allowed to own property in Saudi Arabia: REGA chief

The new law for ownership of a real estate by foreigners is in its final stages, and will be made public in a short period

03/24/2023

UAE exchange firm Al Ansari upsizes IPO on strong investor demand

Qualified investor tranche has been trimmed

03/24/2023

Dubai's DEPA posts higher revenue for 2022 on post-COVID recovery

Public Investment Fund’s investment has propelled growth in Saudi Arabia, chairman says

03/23/2023

Saudi, UAE investors plan to invest in SpaceX - The Information

The funding round is expected to value the rocket maker at about $140bln, the report added

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