Kuwaiti artificial island to attract 400 development projects
More than 400 local development projects will be launched on Kuwait’s Saji Island, the acting director general of the National…
Hedge Funds & Alternative Investments
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GFH reports net profit attributable to shareholders of $66.24mln for first nine months of 2022
GFH Financial Group has announced its financial results for the first nine months of the year ended 30 September 2022…
Abu Dhabi ADNOC Distribution's Q3 net profit climbs 45% to $209mln
Abu Dhabi’s ADNOC Distribution reported a 45% jump in Q3 2022 net profit to 767 million dirhams ($209 million) and…
Egyptian credit platform Blnk raises $32 million
Blnk raises $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion…
Saudi Arabia's wealth fund pledges to reach net-zero by 2050
Saudi Arabia's Public Investment Fund aims to reach net-zero by 2050, with plans to finance projects that support the green…
Dubai’s non-oil sector adds jobs as business activity expands in October
Dubai's non-oil economy continued to expand rapidly in October as business activity rose sharply and firms added new jobs on…
Kenya secures Sh3.6 trillion in investments at Egypt summit
Kenya has made investment deals in upwards of Sh3.6 trillion ($30 billion) at the ongoing climate conference in Egypt, President…
Agthia Q3 revenue grows 20% to $260mln
Agthia Group PJSC, one of the region’s leading food and beverage companies, today announced net revenue of AED954 million for…
Dubai’s Nakheel secures financing worth $4.6bn to drive growth
Dubai’s real estate developer Nakheel has secured Dhs17bn in a strategic financing deal to drive its new phase of growth.…
Aliph Capital appoints Apex Group for fund services
Apex Group has announced its appointment by Aliph Capital, the Middle East's first female-led private equity firm. Aliph Capital…
Kuwaiti investors are second biggest purchasers of Turkey real estate
Kuwaiti investors are ranked in second position, following Iraq, for purchases of real estate properties in Turkey, with a total…
Egypt seeks shift to green economy, President El-Sisi tells COP27
Egypt is set to increase investment in renewable energy, the country’s president told world leaders gathered in Sharm El-Sheikh as…