Social Development Bank allocates $621m in Q3 to support economic development
Entrepreneurs and business owners were among 39,000 recipients of a combined SR2.3 billion ($621 million) in support from the Social…
Hedge Funds & Alternative Investments
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156 Arab companies invest in JIEC industrial estates: Jordan
A total of 156 Arab companies have invested JD1.162 billion in industrial estates affiliated with the Jordan Industrial Estates Company…
Emirati company gets majority stake in Telkom on Helios exit
A United Arab Emirates (UAE)-based firm will take up a majority stake in Telkom Kenya from London’s Helios Investment Partners,…
KIB spreads banking culture and raises financial awareness at the Avenues Mall
Kuwait International Bank has recently returned to the Avenues Mall with a new booth to continue raising financial and banking…
Northern Trust Appointed Global Custodian by Abu Dhabi Pension Fund
Northern Trust has announced that it has been appointed by Abu Dhabi Pension Fund (effective 1 January 2024) to provide…
Salt Edge and SeaPay forge partnership, boosting open banking for Saudi Arabian businesses
In an era seeking digital advancement, SeaPay, a prominent Omni-Channel Payment Solutions provider, and Salt Edge, a distinguished FinTech company,…
Spurred by strong liquidity, UAE banks outperform GCC peers
Banks in the UAE are outperforming their GCC peers on the back of strong liquidity conditions underpinned by high oil…
EY celebrates 100 years in MENA with record results
EY has hit two major milestones in the Middle East and Africa region – celebrating 100 years in business and…
Ruya partners launches private credit fund
Abu Dhabi-based private capital firm Ruya Partners has launched a private credit fund through the Abu Dhabi Global Market (ADGM).…
DIFC announces consultation on new Digital Assets Law
Dubai International Financial Centre has proposed to enact a first-of-its-kind Digital Assets Law, a new Law of Security and related…
QSE loses 35 points as rate concerns loom large
The Qatar Stock Exchange, which on Sunday experienced technical snag in the pre-opening, saw its key index lose more than…
‘October forms real test for QSE upcoming directions’
The Qatar Stock Exchange index concluded this week’s trading down by 0.69 percent, losing 71.010 points to stand at 10,251…