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…
Hedge Funds & Alternative Investments
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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…
Kuwait Starts Commercial Operations at New Al-Zour Mega-Refinery
Kuwait has started commercial operations of the first phase of its Al-Zour mega-refinery, after the initial production and sale of…
Ahmed Boshnak on Bain's growth and culture in Saudi Arabia
Global strategy consulting firm Bain & Company is continuing its growth in Saudi Arabia. To understand more about the firm’s…