Saudi Arabian fintech Hakbah closes $2mln funding
The Saudi Arabia-based fintech savings platform Hakbah has closed a $2 million, pre-Series A, funding round after it was granted…
Hedge Funds & Alternative Investments
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The UAE’s top rank for safe investment is bolstering Dubai’s property sector
The UAE was ranked the seventh-best country to invest in globally in 2022 Nearly 60% of prospective buyers and 80%…
Middle Eastern wealth funds are readier than ever to shine – Global SWF
The position and momentum of Middle Eastern sovereign wealth funds (SWFs), especially in the GCC nations, are much better this…
Saudi Arabia on course to emerge as future luxury capital of the Middle East
As Saudi Arabia has firmly established itself as a top destination for high-end shopping, it may not be long before…
Middle East is a rare ‘global sweet spot’ for M&A in 2023 – PwC
The Middle East is a rare “global sweet spot” for merger & acquisition (M&A) activities amid the current market conditions,…
Fitch upgrades Saudi Arabia’s economy to A+
Saudi Arabia’s economy has been handed a boost after international credit rating agency Fitch upgraded its grade for the Kingdom…
Egyptian treasury bond sales plummet on currency concerns
Sales of three-year treasury bonds issued on Tuesday plummeted to 1.09 million Egyptian pounds ($35,332) after the government baulked at…
Jordan issues $1.25bn Eurobonds at 7.5% oversubscribed six times
Jordan issued $1.25 billion of Eurobonds at 7.5 percent that were oversubscribed six times, reflecting global investor confidence in the…
Demand gain momentum in non-energy private sector
The latest Purchasing Managers’ Index survey data from Qatar Financial Centre for March indicated a further strengthening in business conditions…
Jordan issues $1.25bln Eurobonds at 7.5% oversubscribed six times
Jordan issued $1.25 billion of Eurobonds at 7.5% that were oversubscribed six times, reflecting global investor confidence in the country's…
Qatar offers growth opportunities for US private sector entities
Qatar and US share strong economic ties that have expanded significantly over the years. There are several growth opportunities for…
Dubai's luxury home sales hit $1.63 billion in the first quarter
Dubai's luxury home sales hit Dh6 billion ($1.63 billion) in the first quarter of 2023, with wealthy buyers snapping up…