Brevan Howard appoints Middle East CEO
Brevan Howard has announced the appointment of Oualid Lahsini as Chief Executive Officer of its Middle East business, and Head…
Hedge Funds & Alternative Investments
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Insurance House announces H1 2023 financial performance
Insurance House PJSC (IH), one of the leading insurance institutions in the United Arab Emirates, predominantly recognised for offering exceptional…
Dubai house rents have jumped more than 20% so far in 2023
The Dubai housing market continued to grow over the summer, with average residential rents rising by 22% in the year…
Network International’s half-year revenues reach $239m
Dubai-based Network International Holdings’ half-year revenues surged by 17 per cent to $239m compared to the same period a year…
CBUAE revokes licence of money exchange firm
The Central Bank of the UAE has revoked the licence of Dirham Exchange, an exchange house operating in the UAE,…
Dubai's Emaar first-half profit surges 15% on higher sales
Emaar Properties, Dubai's largest listed developer, reported a 15 per cent surge in its first-half profit amid higher property sales.…
Dubai’s GDP grows 2.8% in Q1 2023 to reach Dhs111.3bn
Dubai’s real gross domestic product (GDP) grew 2.8 per cent year-on-year in the first quarter of the year to reach…
GCC wealth funds set to expand global presence on growing liquidity buffers
Continued foreign currency generation will allow GCC-based sovereign wealth funds to extend their foray into global markets in the coming…
Takaful Oman stays committed to sustained growth; records rise in profit and turnover
Takaful Oman Insurance rooted in the power of visionary leadership, strategic realignment, and operational optimisation, has showcased remarkable business transformation…
Saudi Arabia drives MENA IPO activity with $900m proceeds in Q2: EY report
Saudi Arabia continues to drive the initial public offering activity in the Middle East and North Africa, with 11 of…
Saudi wealth fund takes $15.6bn hit from SoftBank and tech
Saudi Arabia’s sovereign wealth fund reported a $15.6bn comprehensive loss for 2022 after the value of its investments in SoftBank…
Union Insurance Company launches new individual health insurance solution
Union Insurance Company has announced that it has launched a new individual health insurance solution at the most competitive rate…