TISE listing is a first for ADGM funds industry
The International Stock Exchange has become home to the first fund established in the Abu Dhabi Global Market to be…
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Fitch places two Egyptian banks on rating watch negative
Fitch has placed Egypt’s Commercial International Bank long-term issuer default rating, viability rating, national ratings and National Bank of Egypt's …
Al-Jadaan reveals full extent of Saudi Arabia’s pandemic challenge
Mohammed Al-Jadaan, Saudi Arabia’s finance minister, has revealed the full scale of the challenges that face the Kingdom from the…
Egyptian bank enters region through Kenya
Commercial International Bank, Egypt’s largest private sector lender by assets, is targeting more buyouts in East Africa after completing acquisition…
LOOMING RECESSION: Difficult times ahead, Okonjo-Iweala warns
A former Minister of Finance and erstwhile Managing Director of the World Bank, Dr Ngozi Okonjo-Iweala, warns of difficult times…
Saudi fiscal adjustment preferable to a devaluation
A currency devaluation would be too costly for Saudi Arabia and the better option is to adapt to the oil…
Saudi Arabia wealth fund builds team to hunt for global bargains
Saudi Arabia’s $320bn sovereign wealth fund has reassigned some staff to finding quick trading wins in global markets battered by…
Dubai-based insurance aggregator Yallacompare raises $4.25 million in new funding
Dubai-based financial comparison platform and insurance aggregator Yallacompare has $4.25 million in fresh funding from Kuwaiti insurance company Gulf Insurance…
Digital technologies to play key role in fighting COVID-19: Al Mansoori
Digital technologies play a major role in accelerating the global response to the spread of the coronavirus disease (COVID-19) pandemic,…
Israel Enlists Money Managers to Help Fund Struggling Startups
Israel’s largest institutional investors manage a hoard of more than 1.9 trillion shekels ($543.4 billion) that has long drawn interest…
GCC's road to recovery amidst the Covid-19 pandemic
Oil prices have declined massively since March, as Russia and Saudi Arabia could not reach an agreement at that time…
EFG Hermes maintains buy rating for Emaar Malls on long-term business prospects and solid business model
EFG Hermes maintained its buy rating for Emaar Malls Group based on the long-term prospects of Dubai’s global positioning as…