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Environment and Sustainable Investments

IFC Invests in First Green Bond in Jordan to Boost Climate Finance, Spur Growth

March 13, 2023

IFC's pioneering investment in Jordan's first green bond will help fund green projects in the country, addressing growing climate challenges…

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Hedge Funds & Alternative Investments

Abu Dhabi-based IHC’s 2022 profit surges to a record $8.9bn

March 13, 2023

International Holding Company said its annual net profit surged 181 per cent in 2022 to a record $8.9bn (Dhs32.6bn), the…

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Hedge Funds & Alternative Investments

Dubai’s Union Properties returned to profit in 2022 but faces dissolution vote

March 13, 2023

Dubai-based Union Properties  returned to a profit of AED 30 million ($8.2 million) in 2022. However, the developer will present…

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Executive Moves

Sheikh Tahnoon named chair of $790bn Abu Dhabi sovereign wealth fund

March 13, 2023

Sheikh Tahnoon bin Zayed al-Nahyan has been appointed chair of the $790bn Abu Dhabi Investment Authority, the main sovereign wealth…

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Hedge Funds & Alternative Investments

Middle East non-oil economy will continue to surge in 2023: PwC chairman

March 13, 2023

The growth of the Middle East’s non-oil economy will continue to progress into 2023 as the GCC economies continue to…

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Regulation, Risk & Compliance

Silicon Valley Bank collapse will have very little effect on Kuwaiti banks – Kuwaiti central bank

March 13, 2023

The central bank of Kuwait said on Sunday that local banks would suffer very little effect from the collapse of…

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Hedge Funds & Alternative Investments

Saudi Wealth Fund Starts New Airline Headed by Former Etihad CEO

March 13, 2023

Saudi Arabia’s wealth fund has named former Etihad Aviation Group boss Tony Douglas chief executive officer of a new national…

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Comment & Analysis

Dubai: Over 60% of millionaires prefer to use the emirate as their primary residence

March 13, 2023

The majority – 66 per cent – of ultra-high net worth individuals (UHNWIs) who have brought property in Dubai use…

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Regulation, Risk & Compliance

Saudi Arabia, Germany sign 7 deals to enhance investment cooperation

March 10, 2023

 Saudi Arabia and Germany have signed seven agreements following a high-level delegation’s three-day visit to Berlin, the Saudi Press Agency…

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Environment and Sustainable Investments

UAE climate change minister is new board member of country’s largest bank

March 10, 2023

The UAE’s Minister of Climate Change and Environment has been appointed as the first female board member of the country’s…

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Hedge Funds & Alternative Investments

Investments in Saudi Arabia’s digital infrastructure hit $25bn in 6 years

March 10, 2023

Saudi Arabia’s communications and technology market is witnessing rapid growth with SR93 billion ($24.7 billion) worth of investments already pumped…

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Insurance

Price competition ‘erodes’ profitability of UAE insurers

March 10, 2023

Intense price competition in the UAE insurance market is eroding the profitability of listed insurance firms, global credit rating agency…

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