UAE's National Bonds to allow customers loans from banks against their savings
UAE residents could soon start using their savings with National Bonds to take out short-term loans. Since all such loans…
Hedge Funds & Alternative Investments
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Investments into DIFC’s fintech, innovation sector hit $615mln in 2022
The fintech and innovation sector in the region has continued to expand and its market value is forecast to double…
General Atlantic joins push for Middle East sovereign wealth
Some of the private equity industry’s biggest names are expanding in the Middle East to develop closer ties with the…
Banks, real estate shares weigh on Saudi; insurer lifts Qatar
Major stock markets in the Gulf ended mixed on Sunday, with Saudi Arabia’s index pressured by real estate and banking…
Investment Corporation of Dubai joins forum of sovereign wealth funds
Investment Corporation of Dubai, the investment arm of the Government of Dubai, has become a full member of the International…
Dubai’s Mashreq approves $490mln dividend after profit nearly quadruples
The shareholders of Dubai’s Mashreq have approved a recommendation to distribute a cash dividend worth 1.8 billion UAE Dirhams ($490…
Instagram influencer Sergey Kosenko launches property brokerage firm in Dubai
A social media influencer is trying his hand at selling/marketing property in Dubai – and he’s launched a company to…
Saudi Arabia pauses wealth fund plan to acquire Egyptian bank – sources
Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold…
Dubai's real estate market remains resilient despite global recession fear
The real estate market in Dubai will remain resilient despite fear of global economic recession or slowdown in major economies…
SAMI’s new ‘Center of Excellence’ to be up and running by 2025: CEO
Saudi Arabia is set to create hundreds more jobs in the defense sector as Saudi Arabian Military Industries' new ‘Land…
GCC real estate on solid trajectory, upbeat on H1, says report
Buoyed by strong macroeconomic fundamentals, the real estate sector in GCC economies is on a solid trajectory to witness acceleration…
How Abu Dhabi Fund’s first development project in Nigeria will serve the community
Abu Dhabi Fund for Development (Abu Dhabi Fund) has just signed an agreement with the Nigerian government to finance a…