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Alternative Investments

02/14/2023

Dubai WGS 2023 update: World needs about $1trln annually to exert energy transition

Speaking on the first day of the World Government Summit (WGS) 2023, Makhtar Diop, Managing Director of the International Finance Corporation (IFC), said the aim of the world leaders should be building a sustainable future

02/14/2023

Oman's Abraj Energy to raise up to $244mln in IPO; Saudi PIF among anchor investors

State energy company OQ will sell 49% in drilling unit

02/13/2023

UAE provides loans, development aid worth $69.48bln in 10 years

Around 148 countries benefitted from the Emirates' aid initiatives in the past 10 years

02/13/2023

RAK Properties reports AED408mln revenues for 2022

Delivers 473 residential units

02/13/2023

Boursa Kuwait increases its net profit by 13.3% to reach KD 18mln for 2022

Total operating revenue came in at KD 35.2 million, an increase of 12.8%, while operating profit came in at KD 22.6, an increase of 22%

02/10/2023

Abu Dhabi-based Aldar records net profit of Dhs3.1bn in 2022

Aldar’s group revenue in 2022 rose to Dhs11.2 billion, up 31 per cent year on year

02/09/2023

Egypt unveils list of 32 state-owned companies to be floated by March 2024

The Arab African International Bank, Banque du Caire, and The United Bank of Egypt are the three banks on the government’s list.

02/09/2023

Bahrain's Investcorp acquires logistics facility in UK for $28mln

The alternative investment manager recently acquired a warehouse facility in Saudi Arabia

02/09/2023

Saudi Kingdom Holding leads $133mln funding round for delivery app Nana

Nana is looking to increase its market share in the region

02/08/2023

$1.65bln in transfers done through the company during 2022: Egypt's IBAG

The company said that with such growth, along with its future plans, remittances via IBAG are expected to reach a value of $3.5bln in 2025

02/07/2023

LEAP23 announces investments of over $9bn to support future technology and startups

The event is running at Riyadh Front Exhibition & Conference Centre from today until February 9

02/07/2023

Top businesses to start in the UAE in 2023

The UAE offers a variety of business opportunities, both on and offline, for entrepreneurs looking to start new ventures in 2023

02/07/2023

UAE foreign trade hits Dh2.2 trillion in 2022

Sheikh Mohammed bin Rashid chairs Cabinet meeting

02/06/2023

Middle East M&A activity surges as wealth funds use deals to build local champions

Bain & Company says combined sovereign wealth funds and corporations represented 84% of deals in 2022

02/06/2023

Investcorp to make strategic investment in DevOps Leader Eficode to boost global expansion

Eficode grew its revenues from €22 million to over €150 million in the last 4 years, and now serves over 1,400 customers

02/03/2023

Doing business in the UAE: foreign investment

With some exceptions, a foreign entity will be required to establish an entity in the UAE if they wish to carry on business.

02/03/2023

Growth in UAE’s non-oil private sector falls to 12-month low

But overall business conditions remain strong

02/03/2023

ADNOC, 23 companies ink deals for local manufacturing opportunities worth Dhs17bn

Domestic manufacturing of these products will support the ‘Make it in the Emirates’ initiative, stimulate industrial growth and create more jobs for UAE Nationals

02/02/2023

Abu Dhabi Borouge's Q4 net profit drops 17%

The polyolefin company says committed to at least $1.3bln dividend for 2023

02/02/2023

Saudi-Oman Investment Forum sees 13 MoUs signed as trade ties deepen

The agreements signed at the forum underscore the long-standing partnership between Saudi Arabia and Oman, which has accelerated in recent years with several high-level engagements.

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