Saudi Arabia's sovereign wealth fund reveals its VC portfolio
The Saudi Arabia sovereign wealth fund's venture arm revealed on its website its portfolio of venture capital and private equity…
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DIFC registers 'strong interest' from digital asset companies and hedge funds
The Dubai Financial Services Authority, the regulator of Dubai International Financial Centre, has a strong pipeline of digital asset companies…
Egypt: NBE, Banque Misr issue 3-year certificates of deposit
The National Bank of Egypt and Banque Misr offered two new certificates of deposit with fixed and decreasing yields for…
The UAE: A Hub For Wealth
In 2022, the Middle East witnessed an unprecedented influx of affluent migrants. The United Arab Emirates (UAE), in particular, attracted…
HSBC named UAE’s Best International Private Bank at Euromoney Awards
HSBC has been named the UAE’s Best International Private Bank at the Euromoney Global Private Banking Awards 2023, the premier…
Top 5 UAE banks’ combined annual net profit rises to $11.5bn in 2022
First Abu Dhabi Bank, Emirates NBD, Dubai Islamic Bank, Abu Dhabi Commercial Bank and Mashreq Bank – posted a combined…
Gradual energy transition holds the key to a sustainable future
Concerns about energy security and the need to accelerate decarbonization seem to be growing with 2023 rolling on, as geopolitical…
Sustainability: Not just a responsibility, but also an opportunity
What kind of responsibility is FrieslandCampina and its brand Rainbow harbouring to generate awareness on recycling and sustainability? Sustainability…
Saudi consumer spending rose 10% in February 2023: SAMA
Saudi Arabia's consumer spending rose 10 percent to SR97.9 billion ($26.1 billion) in February, up from SR88.6 billion a year…
UAE ranks 18th globally in FDI confidence index
The UAE is the leading emerging market across the MENA region, as revealed in Kearney’s 2023 Foreign Direct Investment Confidence…
Saudi: Jabal Omar turns to $94mln losses in 2022 results
Jabal Omar Development Company swung to net losses after Zakat and tax worth SAR 352.43 million in 2022, against net…
UAE: Gold prices drop after Opec+ announces surprise oil output cuts
Gold prices slid on Monday morning after a surprise announcement from Opec+ about a cut to oil output sparked inflation…