CBUAE says gross banks’ assets reached Dhs3.74tn in February
The Central Bank of the UAE said gross banks’ assets, including bankers’ acceptances, increased by 2.2 per cent, from Dhs3.66tn…
Hedge Funds & Alternative Investments
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GCC economies to grow at slower pace on lower energy income, global conditions: World Bank
The GCC economies will grow at a slower pace in 2023 compared to the previous year weighed by lower earnings…
Jersey Private Funds & the Middle East
Over the course of the last few years, Ocorian’s award-wining Family Office team has seen the demand from family offices…
Khalifa Fund signs an MoU with Wio Bank
Khalifa Fund for Enterprise Development has signed a Memorandum of Understanding with Wio Bank PJSC – the region’s first platform…
Agreement between Saudi Re and BIBF for the training and employment of Saudi graduates
The Saudi Reinsurance Company (Saudi Re) announced the appointment of the Bahrain Institute of Banking and Finance (BIBF) to lead…
Dubai's Emaar Properties posts 43% rise in Q1 profit after strong sales
Emaar Properties, Dubai's largest listed developer, reported that its first-quarter profit surged 43 per cent after strong real estate sales…
SoftBank nears deal to sell Fortress to Mubadala for up to $3bn: FT
SoftBank Group Corp. is in late-stage talks to sell asset manager Fortress Investment Group to Abu Dhabi-based sovereign wealth fund…
UAE’s Islamic Treasury Sukuk oversubscribed 7.6 times, receives bids worth Dh8.3 billion
The UAE’s first auction of Islamic Treasury Sukuk received bids worth Dh8.3 billion, an oversubscription of 7.6 times, it was…
Saudi hospitality sector receives another $399.7m in international investment
Saudi Arabia’s Ministry of Tourism has backed Dublin-based Kerten Hospitality’s “The Collective” initiative to establish projects worth a total investment…
Egypt’s increases expected budget deficit rate to 6.9% for FY23/24: Finance Minister
The Minister of Finance, Mohamed Maait, announced today that Egypt increased its expected budget deficit rate to 6.9 percent for…
Deyaar reports increase in Q1 2023 profits, exceeding AED 56mln
Deyaar Development has reported increase in its profits in Q1 2023 compared to the profits of the same period in…
Qatar's QSE inches towards 10,700 levels as demand soars for insurance, realty and banking stocks
The Qatar Stock Exchange Sunday opened the week on a stronger note with its key index gaining as much as…