All Articles

Hedge Funds & Alternative Investments

Investcorp and Fung Capital set up new $500m fund to invest in mid-cap companies in China

October 28, 2022

Bahrain's alternative asset management firm Investcorp and Hong Kong-based private investment office Fung Capital will set up a $500 million…

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Property & Real Estate

Abu Dhabi’s Biggest Wealth Fund Is Pushing Deeper into the U.S., Real Estate

October 28, 2022

The $829 billion Abu Dhabi Investment Authority is pushing deeper into the US and real estate investments, tapping into opportunities…

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Comment & Analysis

Central Bank of the UAE completes first real-value cross-border payment transactions

October 28, 2022

The Central Bank of the UAE (CBUAE) has completed the first and the largest scale pilot of central bank digital…

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Regulation, Risk & Compliance

IMF confirms $3bn loan for Egypt, welcomes exchange rate flexibility

October 28, 2022

The International Monetary Fund said on Thursday it had agreed a 46-month, $3 billion Extended Fund Facility with Egypt, welcoming…

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Executive Moves

UAE's central bank pilots cbank digital currencies transactions

October 28, 2022

The Central Bank of the United Arab Emirate  said on Wednesday it has completed the world's largest pilot of central…

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Financial Results

BBK discloses its financial results for the period ended 30th September 2022

October 28, 2022

BBK (trading code BBKB.BH) announce its financial results for the nine months ended 30th September 2022, including the third quarter…

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Retail Banking

Credit Suisse Becomes Part of Saudi Crown Prince's Vision

October 28, 2022

Credit Suisse is bringing Saudi National Bank on board as one of its largest shareholders to increase capital. At the…

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Retail Banking

Saudi Arabia's SNB’s shares dip as it seeks to own 10% stake in Credit Suisse worth $1.5bn

October 28, 2022

Saudi National Bank, known as SNB, is all set to invest up to $1.5 billion in Switzerland-based Credit Suisse, as…

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Executive Moves

Houlihan Lokey Expands Global Capital Markets Group Into Middle East and Africa

October 27, 2022

Houlihan Lokey has announced that Andy Cairns has joined the firm as a Managing Director and Head of Middle East…

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FinTech

Meta gives tepid revenue forecast as ad weakness persists

October 27, 2022

Meta Platforms gave a forecast for revenue in the fourth quarter that was on the low end of analysts’ estimates,…

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Hedge Funds & Alternative Investments

Drop in UAE gold prices and Diwali led to the best gold sales weekend in 2022

October 27, 2022

Online is finally making its presence felt in the UAE’s gold and jewellery market, with the recent ‘Dhanteras’ and Diwali…

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Hedge Funds & Alternative Investments

Abu Dhabi's Aldar Properties' nine-month sales of Dh9.3b is already Dh2b over full-year 2021

October 27, 2022

There is no holding back Aldar Properties, which has just delivered its ninth consecutive quarter of ‘record-breaking’ sales. In the…

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