$1.65bln in transfers done through the company during 2022: Egypt's IBAG
International Business Associates Group for Money Transfer Services, S.A.E. (IBAG) recorded a total of $1.65bn worth of transfers in 2022…
Hedge Funds & Alternative Investments
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LEAP23 announces investments of over $9bn to support future technology and startups
Leap23 opened a four-day run in Riyadh on Monday by announcing more than $9bn in investments to support future technologies,…
Saudi Arabia, Oman sign executive programme to enhance ICT infrastructure
Saudi Arabia and Oman have signed an executive programme in the field of communications, information technology infrastructure and submarine communications…
Top businesses to start in the UAE in 2023
With a GDP growth of 7.6 per cent in 2022 and a projected growth of 4.2 per cent in 2023,…
UAE foreign trade hits Dh2.2 trillion in 2022
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,…
Middle East M&A activity surges as wealth funds use deals to build local champions
Middle Eastern sovereign wealth funds are using merger and acquisitions (M&A) to scale into new verticals and build local champions,…
Investcorp to make strategic investment in DevOps Leader Eficode to boost global expansion
Investcorp has announced that it has agreed to make a significant investment to become a majority shareholder in Eficode (“the…
Doing business in the UAE: foreign investment
It has become easier and more attractive for foreign companies to establish a 100% foreign owned-corporate presence in the UAE.…
Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn
Saudi Arabia and Oman have signed 13 investment memoranda of understanding between the public and private sectors of the two…
Growth in UAE’s non-oil private sector falls to 12-month low
Growth in the UAE’s non-oil private sector has slowed further, dropping to a one-year low in January as global economic…
ADNOC, 23 companies ink deals for local manufacturing opportunities worth Dhs17bn
ADNOC has signed agreements with 23 UAE and international companies for local manufacturing opportunities across a wide range of critical…
Abu Dhabi Borouge's Q4 net profit drops 17%
Abu Dhabi-based polyolefin company Borouge posted a 17% year-on-year (y-o-y) fall in its Q4 2022 net profit to $247 million…