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Alternative Investments

03/19/2024

SHUAA Capital launches consent solicitation relating to modifying terms and conditions of $150mln in outstanding bonds

Amendments and extensions to the terms and conditions of outstanding bonds will form part of SHUAA Capital’s broader capital optimisation plans

03/18/2024

Alvarez & Marsal releases Saudi Arabia banking pulse for FY 2023

Banks’ profits boosted as net interest margin (NIM) increases by 3.1 percent

03/15/2024

Biz Group opens new office in Riyadh marking 30 years in the Middle East

The new Riyadh office, located in the Al Malaz District, marks a significant step in Biz Group's commitment to fostering corporate growth and talent development in line with Saudi Arabia's ambitious Vision 2030.

03/14/2024

Gulf Tamin acquires 13.85% stake in Bahrain-listed Arab Insurance Group

Gulf Tamin Ltd. was advised by SICO BSC (c), a leading GCC investment bank, and legal advisors Trowers & Hamlins and Zu’bi and Partners

03/14/2024

Saudi Arabia’s PIF updates its asset size to $925.2bn

The crown prince highlighted that the fund continues to build new economic partnerships, localize technologies

03/13/2024

Abu Dhabi wealth fund ADIA raises investment in Europe’s Cheyne Capital

New investments brings ADIA’s commitment to $836mln

03/13/2024

Dubai to announce first SME picks for Dh500m growth initiative

Chosen SMEs will get loans of up to 7-8 years - and at zero interest for first year

03/12/2024

bfinance opens office in the Middle East

With a new facility in Dubai, an independent investment consultant has expanded its global presence.

03/11/2024

Gold prices in Egypt soar by 10.8%, 21k-gram jumps by EGP 355

This decision lifted the exchange rate for the first time in more than 14 months

03/08/2024

UAE puts consumer rights as high priority as Central Bank opens 'Sanadak' ombudsman unit

UAE targets speedy settlements after new 'Sanadak' unit in Central Bank starts

03/07/2024

UAE start-ups lead MENA fundraisings with $65mln raised in February

Young businesses in Saudi Arabia raised the second-highest capital, having secured $39mln in three investment rounds

03/07/2024

GFH Financial in talks to acquire Ithmaar Holding’s investment portfolios

Two firms are already in talks regarding the potential acquisition

03/07/2024

Kuwaiti Wealth Fund Set for Banner Year After Bet on US Equities

KIA posted double-digit returns in the 11 months to February

03/06/2024

Saudi attracts $888mln in investments through tech event LEAP

Investments include venture capital funds, fresh capital for start-ups

03/06/2024

UAE: New life insurance scheme announced for Indian workers

Covering individuals aged 18 to 70, the policy will cost employers between Dh37 and Dh72 per year for each worker

03/06/2024

National Investments Company records a net profit of KD4.1mln in 2023

And recommends distributing a cash dividend of 15 fils per share

03/05/2024

Contact Financial announces FY-2023 results

Contact ended 2023 on a high note, achieving impressive financial and operational results across both its financing and insurance divisions

03/05/2024

Bahrain’s SWF Invests in Whampoa’s Digital Bank

The investment follows SGB’s obtainment of a banking license from the Central Bank of Bahrain.

03/04/2024

UAE real estate sector undergoes transformation with cross-border payments revolution

Traditionally, the process of investing in UAE real estate from overseas has been encumbered by complexities and inefficiencies associated with cross-border transactions

03/01/2024

Ooredoo Qatar awarded at Siemens Partner Day fostering innovation

The award highlights Ooredoo Qatar’s forward-thinking approach and its success

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