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…
Hedge Funds & Alternative Investments
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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…
Egypt’s social protection spending records EGP 302.2bn in FY2022/23’s draft budget
In the draft general budget for FY2022/23, Egypt allocated support amounting to EGP 302.2bn for social protection, compared to actual…
GCC countries to benefit from international energy market developments in 2023: EIU
GCC countries will benefit the most from international energy market developments in 2023, the Economist Intelligence Unit said and noted…
Investment portfolios rearrange accounting books: Analyst
The Qatar Stock Exchange index gained 12.09 points, or 0.11 percent at the end of trading this week, rising to…
UAE economy survived economic impact of COVID-19: IMF
The UAE economy has quickly survived the economic impact of the COVID-19, with near-term economic growth being strong, underpinned by…