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Alternative Investments

04/30/2024

Arab Monetary Fund joins Dubai FinTech Summit as a strategic partner to host the Arab Regional FinTech Working Group

AMF to host the Eleventh Meeting for the Arab Regional FinTech WG followed by a workshop on Formulation of Effective SupTech Frameworks at the Dubai FinTech Summit

04/30/2024

COP28 President addresses historic first Board meeting for the Loss and Damage Fund

Urging Parties to build on progress with a fully functioning fund that delivers lasting, positive, socio-economic impact

04/29/2024

PIF set to have $2 trillion in assets under management by 2030: report

In March 2024, PIF’s assets under management surpassed $925 billion, up from $700 billion at the end of 2022

04/29/2024

Alkhabeer Capital launches IPO of its traded fund unit

The Fund aims to distribute periodic returns of up to 8% annually by investing in various income-generating assets across local, and global markets.

04/26/2024

LIBF and TFA Collaborate to Launch Internationally Recognised Certifications in Banking and Trade Finance in Saudi Arabia

The financial education powerhouses are introducing three new public certifications in the banking and trade and transaction banking space.

04/26/2024

Saudi fund PIF's managed assets hit $749bln in 2023

The kingdom's non-oil government revenue reached 457 billion riyals last year and non-oil activities accounted for 50% of real gross domestic product (GDP)

04/26/2024

Investcorp announces $1bn GCC fund along with China’s CIC

This initiative, announced at Investcorp’s China-GCC Investment and Business Cooperation Summit, aims to attract institutional and private investors from the GCC, along with CIC

04/25/2024

Riyadh Cement’s shareholders greenlight dividends for H2-23

In 2023, Riyadh Cement recorded an annual drop of 0.56% in net profit

04/25/2024

Fakeeh Care Group announces its intention to float on the main market of the Saudi Exchange

The Offer Shares will be offered for subscription to individual and institutional investors

04/24/2024

Egypt: Al Ahly Sabbour eyes $104mln loans for developing 2 projects

Banque Misr is set to provide Al Ahly Sabbour with an EGP 3.5 billion loan for an integrated urban project owned by the firm’s subsidiary LandMark in East Cairo, one source said

04/24/2024

Baker McKenzie advises Allianz Group on the sale of its stake in Allianz Saudi Fransi Cooperative Insurance Co. to ADNIC

Baker McKenzie advises Allianz Group on the sale of its stake in Allianz Saudi Fransi Cooperative Insurance Co. to ADNIC

04/24/2024

QSE edges higher on buying interests in consumer goods, banking and transport

The foreign institutions were seen increasingly into net selling in the main bourse, which saw no trading of sovereign bonds.

04/23/2024

QIC crowned Best Travel Insurance Company in Middle East

QIC has proudly been the preferred insurer in Qatar and beyond since 1964.

04/19/2024

QSE index begins trading in green zone

During the session, all sectors witnessed an increase

04/18/2024

SAB partners with Saudi EXIM and Kafalah to boost SME exports

This collaboration will expand financing opportunities for small and medium-scale enterprises across various sectors, fostering an environment that will enable their international product exportation.

04/17/2024

Qalaa Holdings signs debt settlement agreement with four banks

Banque Misr, Banque Du Caire, Arab African International Bank, Al Ahli Bank of Kuwait, and Debt Restructuring Agreement with Arab International Bank

04/17/2024

Banks, companies contribute EGP 68.85bn to mortgage finance initiative for low-income individuals in Q1 2024

This contribution accounts for 96.5% of the entire initiative.

04/15/2024

Saudi Arabia’s point-of-sale transactions grew 20% to reach $14.33bn in February

The rise in POS payments mirrors the Kingdom’s drive toward digital transformation and its investments in a technology-centric future.

04/12/2024

Saudi banks’ foreign assets surge by 22%, reflecting robust international investments

The main difference between the foreign assets of central and commercial banks lies in their purpose and role within the financial system.

04/12/2024

Arab stock markets show varied performance in Ramadan 2024

The main index DFMGI of Dubai Financial Market showed the least decrease during Ramadan, with 0.21% (8.85 points) after closing at 4,244.15 points compared to 4,253 points

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07-31-2026

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UAE banks deferred Dh13.5b in loan repayments under CBUAE support package

07-31-2026

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