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,…
Hedge Funds & Alternative Investments
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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…
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…
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…