Empower's 2022 net income climbs 7% on revenue boost
Emirates Central Cooling Systems Corporation, better known as Empower, has reported an increase of about 7 per cent in its…
Hedge Funds & Alternative Investments
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Oman's Abraj Energy to raise up to $244mln in IPO; Saudi PIF among anchor investors
Oman's Abraj Energy Services SAOC, a fully owned oil drilling unit of state energy company OQ, on Tuesday said it…
UAE provides loans, development aid worth $69.48bln in 10 years
The UAE has provided loans and development aid to the tune of Dh255.5 billion to developing nations from 2012 to…
RAK Properties reports AED408mln revenues for 2022
RAK Properties PJSC, the largest listed property developer in Ras Al Khaimah, on Sunday 12 February reported annual revenue of…
Boursa Kuwait increases its net profit by 13.3% to reach KD 18mln for 2022
In a meeting of its Board of Directors on Sunday, February 12, 2023, Boursa Kuwait announced that it has recorded…
Abu Dhabi-based Aldar records net profit of Dhs3.1bn in 2022
Aldar reported a 35 per cent increase in net profit to Dhs3.1bn for the year ending December 31, 2022. …
Bahrain's Investcorp acquires logistics facility in UK for $28mln
Investcorp, a Bahrain-based alternative investment management firm, has acquired a prime logistics facility in Scotland from a UK institution for…
Saudi Kingdom Holding leads $133mln funding round for delivery app Nana
Saudi billionaire Prince Alwaleed Bin Talal’s investment firm Kingdom Holdings led a $133 million funding round for grocery delivery platform…
$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…
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,…