10/21/2020
Apex Provides Fund Administration Services to Shuaa Financing Opportunities Fund
The fund is targeting special situations in the GCC and has already attracted a total of USD 68 million in commitments from investors.
Alternative Investments
10/20/2020
QFC offers 'generous' incentives for global firms looking to make Doha their expansion hub
Highlighting the increasing competition among the financial centres, he said therefore it is imperative for the QFC to come up with its own “niches” within the financial and non-financial sectors in order to attract foreign direct investments
10/20/2020
Qatar Chamber participates in GCC Chambers executive committee meeting
The virtual event reviewed ways of fostering co-operation between GCC chambers and the GCC General Secretariat in terms of global economic relations.
10/20/2020
Expat property investor in Dubai finds spending Dh89m does not guarantee the land is his
Investor wants developer to return amount, registration fees and Dh40 million in damages
10/20/2020
UAE's mechanism to fight Covid-19 hailed
On the impact of a second wave on the UAE and the region, he said countries have already learned from their previous experiences and have increased investments in their medical infrastructure.
10/19/2020
Saudi Arabia, Google partner in plan to ‘level-up’ Mideast
The program includes cloud training for local businesses, as well as workshops on advanced digital skills, such as a machine learning platform that will teach about 140,000 developers with a focus on women
10/19/2020
Abu Dhabi wealth fund ADQ said to pursue Bausch’s Egypt unit
ADQ has been evaluating the Bausch business, known as Amoun Pharmaceutical Co
10/19/2020
Dubai wealth fund readies bonds, COVID-19 may hit revenue
The group of banks mandated for the deal includes Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan and Standard Chartered
10/19/2020
MENA debt issuance reached $92.4bln in the first nine months of 2020
The UAE and Saudi Arabia were the most active issuer nations during the first nine months of 2020, according to Refinitiv
10/19/2020
Wealthier with ESG: Factor investors, ETFs in Middle East join investment boom
Nearly half of investors in EMEA more likely to make additional factor allocations
10/18/2020
Consortium of UAE investors comes to Jet Airways’ rescue
Jet Airways, founded by Naresh Goyal, had piled up debts of about Rs80 billion, and faces claims of nearly Rs360 billion, including salary arrears of employees.
10/18/2020
Why Gulf investment in US property will rise again after coronavirus crisis
Acquisition volume of Gulf investors in the United States fell 78% year-on-year between 2019 and 2020
10/16/2020
Saudi geologists aim to unlock Kingdom’s $1.3 trillion mineral wealth
The plan has a budget of SR2bn and is being driven by the Saudi Geological Survey which will survey an area of 600,000 km2 across the geological formation known as the Arabian Shield
10/16/2020
Dubai office market: Is this the best time to buy more space?
Knight Frank estimates suggest that there are 25 active projects within Dubai, with delivery dates up to 2024
10/16/2020
Employment rate in OECD countries fell to 64.6% in Q2 2020
In the euro area the employment rate decreased by 1.9% points, to 66.2% in the second quarter of 2020
10/16/2020
Turkish lira sliding as investors reject uncertainty, aggression – academic
The Turkish lira hit a fresh record low of 7.9591 per dollar last week.
10/16/2020
Standard Chartered and Experian drive financial inclusion
The success in India meant that Standard Chartered is now able to improve risk management for more clients who previously would have been underbanked.
10/15/2020
Self-employed can take unemployment pay from pension
Israel's Finance Ministry is allowing the self-employed to withdraw from private pension funds.
10/15/2020
Abu Dhabi Pension Fund, ADQ invest $2.1bln in ADNOC energy infrastructure deal
With the addition of domestic investors, ADNOC can also tap new pools of long-term equity capital
10/15/2020
Dubai's Arabtec asks banks for debt standstill for subsidiary, sources say
Arabtec told banks that Target had been identified as a sustainable business and could be protected from the collapse of the wider group if creditors agreed to a standstill, said three sources with direct knowledge of the matter.