ICM.com launches an investment opportunity in Empower IPO
ICM.com has announced it will be providing investors the chance to subscribe to Empower IPO - the world’s largest district…
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Capital Bank’s profits hit JD 80mln by the third quarter of 2022, a 52% increase
Capital Bank Group announced JD80 million in net profits at the end of September 2022, compared with JD52.7 million during…
Saudi wealth fund launches $24bn tech fund
A sovereign wealth fund led by Saudi crown prince Mohammed Bin Salman has launched a $24bn investment fund targetting the…
Saudi Central Bank licenses new fintech company to provide e-wallet service
The Saudi Central Bank on Thursday announced the licensing of Smart Digital Payment company (Tiqmo), a new payment technology company,…
Waha Capital more than triples Q3 profit despite global macroeconomic headwinds
Waha Capital, which counts Mubadala Investment Company among its shareholders, more than tripled its third-quarter profit as both its public…
Saudi: AlUla signs IBM to implement smart city project
The Royal Commission of AlUla and US technology mega-giant IBM have signed an agreement to help implement AlUla’s Smart City…
M7 opens Dubai office
UK-based asset manager M7 has opened an office in Dubai as part of its Middle East expansion plans. The…
Korea to expand trade, investment footprint in Qatar: Kotra Chief
Korea will explore ways to enhance its trade and investment foot-print in Qatar which has a sound and stable business…
Investcorp and Fung Capital set up new $500m fund to invest in mid-cap companies in China
Bahrain's alternative asset management firm Investcorp and Hong Kong-based private investment office Fung Capital will set up a $500 million…
Abu Dhabi’s Biggest Wealth Fund Is Pushing Deeper into the U.S., Real Estate
The $829 billion Abu Dhabi Investment Authority is pushing deeper into the US and real estate investments, tapping into opportunities…
Central Bank of the UAE completes first real-value cross-border payment transactions
The Central Bank of the UAE (CBUAE) has completed the first and the largest scale pilot of central bank digital…
IMF confirms $3bn loan for Egypt, welcomes exchange rate flexibility
The International Monetary Fund said on Thursday it had agreed a 46-month, $3 billion Extended Fund Facility with Egypt, welcoming…