AWS Launches Region in the United Arab Emirates
Amazon Web Services, Inc., has announced the launch of its second Region in the Middle East, the AWS Middle East…
Hedge Funds & Alternative Investments
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Realty, banking blue chips continue to drive UAE markets
The UAE financial markets posted gains of around AED4.1 billion in market cap fueled by continued upbeat sentiments at the…
Saudi Central Bank assets climb to $533bn in July amid continued economic recovery
Total assets held by the Saudi Central Bank, better known as Sama, jumped more than 8 per cent in July…
Dubai-based Stake raises $8 million to let people across the globe invest in local properties
Dubai-based startup Stake is offering retail investors from across the globe to buy fractions of rental property in UAE’s marquee…
QFC supports career exploration programme of QFBA
The Qatar Financial Centre, a leading onshore financial and business centre in the region, has sponsored a summer programme designed…
Saudi developer Jabal Omar to settle $1.4bn debt owed to Alinma RE fund
Jabal Omar Development Co.’s shareholders have approved a capital hike plan aimed at reducing the company’s liabilities by SR5.3 billion…
Kuwait announces increasing oil production to meet growing demand
Dr. Mohammad Al Faris, Kuwait Deputy Prime Minister, Minister of Oil, Minister of State for Cabinet Affairs announced that in…
Qatar wealth fund plans $3bln investment in Pakistan
Qatar's sovereign wealth fund, the Qatar Investment Authority (QIA), said it looks forward to investing $3 billion in Pakistan following…
Aldar launches Dh1.15 billion Yas Park Gate project in Abu Dhabi
Aldar Properties has announced the launch of Yas Park Gate, its latest gated community that will be located on the…
Updated Dubai Rental Index better reflects city-wide rent increases
The Dubai Rental Index has been updated to reflect the recent increases on residential rentals in the city, allowing landlords…
Moody’s downgrades APMI One’s senior secured debt rating to Ba1
Moody’s Investors Service on Tuesday downgraded the rating of fixed rate amortizing senior secured bonds issued by ACWA Power Management…
AFS relocates its UAE data center operations to Equinix Dubai International Business Exchange
Arab Financial Services has relocated its UAE data center operations to Equinix Dubai International Business Exchange (IBX) facilities in Dubai,…