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…
Hedge Funds & Alternative Investments
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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…
KSA and UAE is a partnership of possibilities
On UAE National Day, I would like to congratulate the leadership and the people of the UAE. Both Saudi…
Mohamed bin Zayed orders disbursement of housing loans worth a total of over $816mln to citizens in Abu Dhabi
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler of Abu Dhabi…
Egypt's net foreign assets continue to fall in October
Egypt's net foreign assets (NFAs) fell by 109.9 billion Egyptian pounds in October, extending a decline that began in September…
Capital markets need to step in to secure Vision 2030 goals: S&P Global
Saudi Arabia’s banking sector will not be able to fund all of the Kingdom’s Vision 2030 projects, according to a…