06/15/2020
Oman on course for best-ever year for deals
Dealmaking is up 145% in the sultanate
Alternative Investments
06/15/2020
Temporary committee to handle impacts of COVID-19 discusses initiatives, procedures to support affected economic sectors
The committee discussed several topics on its agenda, including the disbursement of the stimulus packages provided by the Central Bank of the UAE
06/15/2020
Northern Trust Selected by Sancta Capital to Provide Institutional Brokerage and Global Custody Services
Appointment Supports Dubai-based Asset Manager’s Trading Programme, Driving Enhanced Efficiency, Transparency and Oversight
06/14/2020
Abraaj ex-CEO’s alleged theft cost the firm $385m – liquidators
Naqvi is one of six former Abraaj executives who face charges stemming from the private equity’s firm’s 2018 collapse
06/12/2020
Winning investments: UAE Mubadala's 2019 income surges to $14.43bln
Mubadala's assets under management grew 1.5% to $232bln in 2019, according to the company's annual review
06/12/2020
Oman's Taageer Finance shareholders approve up to $25.97mln bond issuance
Issuance is with a green shoe option for an amount up to 5 million Omani riyals
06/12/2020
Banking equities help Qatar bourse cross 9,200 level
Local retail investors' weakened net selling also had its role in the bourse, whose year-to-date losses stood at 11.44%.
06/12/2020
Oman weighs seeking financial aid from Gulf countries
Sultanate's debt is rated junk by three major credit assessors
06/11/2020
Saudi trade surplus declines 25% in 2019
Saudi merchandise imports surged by 5.3% in 2019
06/11/2020
Dubai's Deira City Centre set to open new section after $102.6mln revamp
This marks the culmination of a two-year-long project towards a renewed shopping experience
06/11/2020
Dubai continues to see big confidence from health sector investors
2,340 healthcare professionals licensed included 466 physicians, 210 dentists, 922 nurses and midwifes and 723 assistant medical professionals among others
06/11/2020
Mena IPO deals raise $814.2m in first quarter of 2020
Potential issuers nevertheless continue to seek new capital, in some cases driven by the current market environment.”
06/11/2020
Technology, Digital Strategies Will Power MEA’s Recovery and Create New Economies
Those organizations that will thrive have a clear understanding of technology innovation, an ability to develop a single, integrated strategy that is built around using IT to transform and have a clear understanding of the value of digital investments to
06/10/2020
Dubai Meraas merger ‘will advance growth’
The collapse in travel and tourism — and the slowdown in trade — have had a big effect on Dubai, which is the leisure and commercial capital of the Gulf.
06/10/2020
Egypt launches platform for international partnerships to support economy amid COVID-19 crisis
The minister also highlighted the government’s actions to contain COVID-19 and its repercussions as well as the partnerships that Egypt has established with international institutions in this regard.
06/10/2020
Nemir Kirdar, father of private equity globally, dies at 83
The former Chase Manhattan banker founded Bahrain's Investcorp and ran the alternative investment firm for more than three decades
06/09/2020
Shariah-compliant gold trading platform to launch in UK
The concept of Minted is based on purchasing physical gold at highest purity of 24 karat
06/09/2020
Dubai developer gets 'locked out' of own project by contractor
Croesus Holdings finds entrances boarded up at its two Dh100m projects in Majan
06/08/2020
French talent management firm steps into UAE
The company has partnered with UAE based PR agency, Spread Communications
06/08/2020
Dubai DIFC invests in innovative FinTech start-up companies
DIFC FinTech Fund invested in 'FlexxPay,' 'Go Rise,' 'NOW Money,' and Sarwa'