Saudi-Oman Investment Forum sees 13 MoUs signed as trade ties deepen
The Saudi-Oman Investment Forum and exhibition beginning in Riyadh on Wednesday discussed various ways and means to enhance long-term economic…
Hedge Funds & Alternative Investments
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Saudi Arabia issues first license at OXAGON to NEOM Green Hydrogen
Saudi Arabia’s Ministry of Industry and Mineral Resources on Tuesday issued the first industrial license to NEOM Green Hydrogen Co.…
Dubai’s stock exchange attracts over 167,000 new investors amid flurry of listings, IPOs
The number of investors in Dubai’s capital market jumped significantly over the course of one year, as more companies chose…
Egypt's net foreign assets climb by $2bln in December
Egypt's net foreign assets (NFAs) improved by 47.28 billion Egyptian pounds in December, marking a second month of increases after…
Saudi Real Estate Refinance looks to debut dollar sukuk in Q2
The Saudi Real Estate Refinance Co., the kingdom's equivalent of US mortgage finance business Fannie Mae, plans to issue debut…
NBK reports KD 509.1mln in net profits for the year 2022
NBK record earnings enable the bank’s efforts to support the economy, employ local talents, and boost community investments. Our internal…
Dubai Investments buys stake in UK digital bank Monument
Dubai Investments has acquired a nine per cent stake in Monument, a digital banking startup targeting the UK's mass affluent…
UAE banks’ investments hit 13-month high in November
UAE banks’ investments exceeded 511 billion dirhams ($139 billion) at the end of November 2022, the highest level in 13…
Qatar’s retail sector forecasts steady growth in Q1 2023
The retail industry in Qatar is poised to augment steadily benefiting the economy of the country during Q1 of 2023. …
UAE Yas Holding’s luxury real estate division to develop ‘exclusive’ homes
Abu Dhabi investment group Yas Holding has launched a new real estate business to capitalize on the strong demand for…
Saudi Aramco’s Wa’ed invests $14mln in Japanese drone firm
Saudi Aramco’s venture capital fund has invested $14 million in a Japanese startup that develops technology for drones which will…
UAE accounting start-up Wafeq raises $3m as it aims to enter Egypt
Software-as-a-service start-up Wafeq has raised $3 million in a seed-funding round, as the UAE-based company aims to enter Egypt and…