Saudi, Kuwait bourses sign deal to boost capital markets
The Saudi Stock Exchange (Tadawul) and Boursa Kuwait have signed a deal to boost their capital markets and collaborate in…
Hedge Funds & Alternative Investments
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UAE economy experiencing sustained momentum in 2022: OPEC
The UAE economy has experienced sustained momentum in 2022, boosted by Expo 2020 and the easing of COVID-19 restrictions, according…
GCC external assets to hit $6tn if oil averages $120 a barrel in next five years
A steep rise in oil revenue is set to drive up the aggregate external assets of oil-rich Gulf states to…
Saudi’s PIF acquires up to 9.5% stake in wind farm operator Skyborn
Saudi Arabia’s Public Investment Fund has acquired a stake of up to 9.5% in offshore wind energy company Skyborn Renewables.…
Dubai: November ‘one of the strongest’ months for new jobs since early 2020
Businesses in Dubai recorded further gains in November, helped by the bounce provided by the start of the FIFA World…
Al Kawthar Leasing Company selects ICS BANKS Islamic Finance Leasing Software
Al Kawthar Leasing Company – a private shareholding company owned by Arab Jordan Investment Bank – AJIB, selected ICS BANKS…
EBRD, Bank al Etihad support growth of small and women-led businesses in Jordan
The financing package consists of up to $25mln The European Bank for Reconstruction and Development is providing Bank al…
Saudi wealth fund, BlackRock to jointly explore Mideast infrastructure projects
Saudi Arabia's sovereign wealth fund and BlackRock have signed an agreement to jointly explore infrastructure projects in the Middle East,…
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…
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…