Kuwait Sovereign Wealth Fund Reduces Stake in Mercedes-Benz
Mercedes-Benz Group AG said Wednesday that the Kuwait Investment Authority has reduced its stake in the company by selling about…
Hedge Funds & Alternative Investments
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Dubai Financial Market introduces ‘Omnibus Accounts’ for investors
The Dubai Financial Market (DFM) launched the Omnibus Accounts structure for holding securities as a gateway to accessing investment opportunities…
Corporate loans to drive Saudi banks’ credit growth
The credit growth in Saudi Arabia’s banking system is strong and will be driven by corporate loans, said Al Rajhi…
IQ-EQ expands global footprint into the United Arab Emirates
IQ-EQ has announced the establishment of operations in Dubai, United Arab Emirates, giving our group its first physical presence in…
Family businesses contribute 60% of UAE’s GDP: KPMG
Family-owned businesses remain powerful and influential organisations in the UAE in general and Dubai in specific contributing 60% of the…
Bahrain's economy grew by 4.9% last year, the highest since 2013
Bahrain's economy grew by 4.9 per cent in 2022, the highest rate since 2013, underpinned by a robust performance in…
Al Alamiya Insurance appoints Kamran Mazhar Jaffery as CEO
Al Alamiya for Cooperative Insurance Company has announced the appointment of Kamran Mazhar Jaffery as its new Chief Executive Officer,…
Real GDP growth projected to expand by 4.3% in 2024: UAE Central Bank
The Central Bank of the United Arab Emirates has projected the country's annual real GDP growth to expand by 4.3…
UAE exchange firm Al Ansari raises $210mln in IPO
UAE-based exchange house Al Ansari Financial Services has raised AED 773 million ($210.5 million) in its initial public offering after…
Foreigners will be allowed to own property in Saudi Arabia: REGA chief
Abdullah Alhammad, CEO of the Real Estate General Authority, acknowledged that real estate prices are high owing to a gap…
UAE exchange firm Al Ansari upsizes IPO on strong investor demand
UAE-based exchange house Al Ansari Financial Services, which is looking to raise up to AED 772.5 million ($210.4 million) in…
Saudi, UAE investors plan to invest in SpaceX – The Information
A unit of Saudi Arabia's investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar…