Abu Dhabi's TAQA, ADNOC, and Mubadala become shareholders in Masdar
Abu Dhabi National Energy Company paid $1.02 billion in cash for its stake in Abu Dhabi Future Energy Company, following…
Hedge Funds & Alternative Investments
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UAE’s non-oil private sector growth slows amid concerns of global slowdown
The UAE’s non-oil private sector added new businesses at the slowest pace last month since September 2021 amid signs that…
Dubai keen to improve cooperation with global partners, support global economic growth
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today toured the 43rd…
MultiBank Group relocates its headquarters to Dubai
MultiBank Group, one of the largest financial derivatives companies in the world, has moved its headquarters to Dubai from Hong…
UAE: Gold prices drop in Dubai in early trade
Gold prices fell in the UAE at the opening of the markets on Wednesday morning. In the UAE, the…
Investcorp to acquire top US credit management group
Investcorp has announced that it has agreed to acquire Marble Point Credit Management (Marble Point), a major US-based CLO (collateralised…
Investcorp to acquire Marble Point Credit
Investcorp has announced it has agreed to acquire Marble Point Credit Management LLC. Specific terms of the transaction were not…
Saudi non-oil private sector activity grows strongly in November: PMI
Underpinned by a strong growth in business activity that was the fastest since August 2015, Saudi Arabia's non-oil private sector…
Saudi Arabia wealth fund raises $17bn loan for refinancing
Saudi Arabia’s sovereign wealth fund raised a $17bn loan to repay an existing facility that’s due to mature next year.…
GCC market seals 59 M&A deals in Q3; Multiply tops list
Multiply Group leads the GCC M&A in Q3 2022 as the market sealed a total of 59 transactions, a growth…
UAE gold rate shoots up Dh4 a gram overnight as bullion heads back to $1,800
Gold prices made a dash to break the $1,800 an ounce mark once again, before dropping just a bit to…
Dubai tops cities with highest spending by international tourists, WTTC says
Dubai has topped the list of cities with the highest spending by international visitors this year, pulling ahead of Doha…