03/29/2022
Qatar plans to invest $5 billion in Egypt: Egypt cabinet
The Qatari agreement comes after Abu Dhabi wealth fund ADQ earlier this month made a roughly $2 billion deal to buy Egyptian state-owned stakes in publicly listed companies.
Alternative Investments
03/29/2022
Abu Dhabi sovereign fund pausing Russia investments, CEO says
The Abu Dhabi fund's website said it had invested $3 billion in Russia in about 50 companies
03/29/2022
Al Baraka Bank covers $40.93mln of Palm Hills’ sukuk issuance
The sukuk issuance was also covered by Arab Investment Bank and Suez Canal Bank
03/28/2022
Avanz Capital Egypt Establishes Avanz Manara
The authorized capital of Avanz Manara is EGP 2 billion, with initial subscribed capital of EGP 905 million from Egyptian institutional investors.
03/28/2022
'Markaz': 2021 marks a year of achievements despite challenges
Markaz’s Ordinary and Extraordinary General Assembly approves the Board of Directors’ recommendation to distribute cash dividends of 10% per share and bonus shares of 5% and increase capital
03/28/2022
ADX to see 13 more listings before year-end
New listings could include four companies from outside the UAE, while others may be government and family-owned businesses
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
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