Abu Dhabi’s Presight AI announces intention to launch IPO, list on ADX
International big data analytics company Presight AI Holding has announced its intention to carry out an initial public offering (IPO)…
Hedge Funds & Alternative Investments
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UAE’s Alpha Dhabi sees net profit rise by 104% to Dhs10.6bn
Alpha Dhabi Holding has reported its financial results for the full-year period ending December 31, 2022. In 2022, Alpha…
Abu Dhabi's G42 to launch IPO for second subsidiary, presight.ai, in Dh1.8b issue
The Abu Dhabi based G42 Group is launching an IPO for a second subsidiary – presight.ai – by offering 1.35…
Banque du Caire launches “Tally” e-payments company, with $16.28mln paid-up capital
Tarek Fayed, Chairperson and CEO of Banque du Caire, announced the launch of the “Tally” e-payments platform, as one of…
Dubai is world’s fourth most active luxury real estate market
Dubai is closing in to become the most sought-after market for luxury residential properties in the world, with high-net-worth buyers…
Central banks added 31 tonnes to global gold reserves in January 2023
Central banks around the world started the year by building up their gold holdings as they continue to see the…
Business activities in UAE’s non-oil sector pick up pace in February – PMI
Growth in the UAE non-oil private sector picked up pace in February, marking the strongest upturn since last October, according…
Saudi, Egypt, Turkey are our top markets for energy business – Enova CEO
Enova was established in 2022 as a joint venture (JV) between UAE-based retail and leisure giant Majid Al Futtaim and…
Saudi Arabia ranks first among G20 countries with 4.9% productivity growth rate: International Labor Organization
Saudi Arabia secured first place among the Group of 20 countries for factor productivity growth in 2022, according to a…
UAE jobs: Nearly 50% residents received bonuses last year, survey reveals
The year 2022 will be known as the year of revival in the post-pandemic world. In 2022, companies also revived…
Allianz Life Assurance in Egypt becomes exclusive partner of HPA
Allianz Life Assurance in Egypt has announced that it had entered into a partnership with Human Power Association - Egypt…
Family disputes are the biggest challenge facing family businesses in GCC – DIFC survey
Family disputes and insistence on family control regardless of qualification are the biggest challenges facing family businesses, according to a…