UAE businesses go slow on new jobs, while orders dip in December: S&P Global
New orders generated slowed down for UAE businesses in December as did output, as the private sector took on a…
Hedge Funds & Alternative Investments
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Saudi jobs growth is strongest in half decade amid business boom
Saudi Arabia saw the strongest increase in employment in almost five years even as business conditions in its non-oil economy…
GFH acquires Big Sky Asset Management
Builds on its thematic focus on attractive and defensive markets GFH Financial Group has completed the acquisition of a majority…
Middle East’s M&A space can expect some surprises in 2023
Mergers and acquisitions in the Middle East have seen a slowdown in 2022 as corporate and financial investors turned cautious…
Insurance industry has promising future after surviving COVID crisis
The UAE insurance industry has a promising future due to the government initiatives, increasing consumer spending and overall bullish sentiments…
Dubai records over $544mln in realty transactions on Thursday
Dubai real estate market recorded 529 sales transactions worth AED1.89 billion, in addition to 80 mortgage deals of AED133.23 million,…
Saudi fintech Manafa Capital raises $28.3mln
Saudi fintech Manafa Capital has closed a Series A funding round of SAR 106 million ($28.3 million) which it will…
Saudi Central Bank’s assets reach $505bn in November: Report
Total assets of the Saudi Central Bank, also known as SAMA, increased by SR20.44 billion ($5.4 billion) month-on-month to reach…
Gold price soars in Egypt as local currency weakens
The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency…
Success story of stc takes it from KSA to Bahrain & Kuwait
The growth and expansion plan launched by stc Group at the beginning of the 21st century’s second decade were not…
Allianz Egypt renews strategic partnership in Bancassurance with Banque Misr for coming five years
Allianz Egypt, the leading insurance company in the country affiliated to Allianz Global Investors, announced the renewal of its partnership…
AFS and ZENJEX partner to boost payments offering to Bahrain’s unbanked
Arab Financial Services has signed an agreement with Zenj Exchange (ZENJEX), that will enhance AFS’s Wage Protection Scheme (WPS) with…