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Alternative Investments

06/24/2022

Egypt finance minister says it’s time to rethink carry-trade reliance

Egypt saw FDI drop 12% in 2021, but remained one of the continent’s main recipients, according to a report this month from the United Nations Conference on Trade and Development.

06/23/2022

Bank ABC invites autonomous financial advisory solution providers to participate in its innovation challenge closing on June 26

Hosted as part of Bahrain Open Banking Supernova 2022, the challenge reflects the bank of the future’s commitment to develop effortless digital-first corporate and consumer banking experiences

06/23/2022

DGDA signs MoU with Al Rajhi Bank to help fund home buyers

The MoU was signed by Jerry Inzerillo, Group CEO of Diriyah Gate Development Authority, and Waleed Al-Mogbel, Chief Executive Officer of Al Rajhi Bank

06/22/2022

Major insurance accord signed in Bahrain

The insurance products will be designed specifically to protect startups and small to medium enterprises

06/22/2022

Pankaj Gupta of Gulf Islamic Investments to Chair new GCC chapter of 256 Network

256 Network has over 600 members in 27 countries, with membership in the GCC increasing from 3% to 15% of overall membership

06/21/2022

Saudi entrepreneurs get $27b funding as SMEs grow by 15% in Q1

“SMEs must have their basic needs fulfilled,”

06/21/2022

ATFX expands services to LEVANT via new Jordan operation

The company said that the Middle-East region has always been an important cornerstone for its global growth.

06/16/2022

Capital Bank’s Extraordinary General Assembly approves capital increase in favor of the Public Investment Fund

Al-Salem also stressed the significance of this strategic investment as a testament to Capital Bank’s solid reputation in the region.

06/15/2022

Abu Dhabi’s Aldar eyes stake in Egyptian developer - report

The Egyptian government owns a 15% stake in Medinet Nasr

06/15/2022

Rents in Dubai rising at fastest rate since 2014: CBRE

Rents surge as transaction volumes continue to rise amid strong demand from buyers

06/14/2022

NBK launches the new cohort of its leadership development program “High fliers”

In line with its strategy to upskill employees and support their career development

06/14/2022

Boursa Kuwait provides advanced equity market training for asset managers in collaboration with the ICMA

Training program aims to nurture informed and engaged capital market community and is part of the exchange’s Corporate Sustainability initiatives

06/14/2022

Dubai Chamber of Commerce members' exports rise 28% in May

The total value of $6.26bn is the highest recorded by member companies since August 2018

06/10/2022

ADFD participates in Bonds, Loans and Sukuk Middle East forum as a strategic sponsor

"We are excited to participate in this distinguished forum that brings together the elite of the industry. Our aim was to exchange ideas and insights with experts on bonds and loans and to benefit from them. Moreover, the conference focuses on both r

06/10/2022

GCC Bank Profits Surge to $11 Billion

The bottom line was supported by marginal growth in net interest income and flattish non-interest income.

06/10/2022

UAE top Arab nation for attracting FDI

Investment inflow increased from $19.88b in 2020, to $20.7b last year

06/10/2022

UAE wealth fund ADIA takes 20% stake in Indian home finance firm

The fund invests on behalf of the oil rich Abu Dhabi government

06/10/2022

Banque du Caire arranges $668mln financing for Canal Sugar’s mega projects

The financing will also fund the establishment and operation of a sugar plant with a production capacity of around 900,000 tons of sugar annually

06/09/2022

Jordan’s investment fund ISSF invests $250,000 in Gamiphy

Capital part of the $1.55mln raised in a funding round led by Kuwait’s Muhallab VC

06/09/2022

Jordan issues $650mln Eurobonds at 7.75%, oversubscribed more than 3 times

Bankers said more than 100 financial investment institutions piled into the latest issue

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