ICD bounces back with Dh10.1 billion in profit
The state-owned Investment Corporation of Dubai returned to a full-year profit in 2021, rebounding from a pandemic-induced $5.15 billion loss.…
Hedge Funds & Alternative Investments
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Israel to Launch Long-Delayed Sovereign Wealth Fund
Israel is set to start up its long-delayed sovereign wealth fund, using profits from its natural gas, media reports said.…
Dubai’s state investor ICD swings to $2.75bln net profit in 2021
Investment Corp. of Dubai, the Dubai government’s main investment arm, reported a net profit of 10.1 billion dirhams ($2.75 billion)…
UAE, Egypt and Jordan agree on $10bn industrial partnership investment fund
The UAE, Egypt, and Jordan on Sunday signed an industrial partnership agreement in Abu Dhabi on Sunday to enhance economic…
In Saudi Arabia, surge in Riyadh's home prices is hitting 20%, while Jeddah is still affordable
Saudi investors are suddenly finding that owning an apartment or villa is turning out to be a lot costlier than…
Qatar First Bank successfully exits Jefferson Square, US Real Estate Investment, and plans to generate more than 8% IRR for investors
Qatar First Bank LLC announced its strong financial results for the nine months period ending 30 September 2021. Qatar…
Waha Capital’s MENA Equity Fund wins EuroHedge 2021 Award
The Waha MENA Equity Fund (“Fund”) managed by Waha Capital PJSC (ADX: WAHA), an Abu Dhabi-listed investment management company, has…
EFG Hermes Holding kicks off the year with a strong set of results for the first quarter of 2022 across its operations
EFG Hermes Holding has announced an outstanding set of results to kick off the year, with revenues for the first…
Global Investor Confidence Sees an Increase of 4.8 Points in May to 97.1
State Street Global Markets has released the results of the State Street Investor Confidence Index for May 2022. Despite…
Capital Intelligence maintains investment grade rating for Kamco Invest with stable outlook
Kamco Invest has announced that Capital Intelligence Ratings maintained its Long- and Short-Term Corporate Ratings of Kamco Invest at ‘BBB’…
Saudi billionaire prince to sell 16.87% of firm to sovereign fund
A Saudi billionaire detained in a 2017 anti-graft crackdown is to sell a 16.87-percent stake of his company to a…
DIG acquires Infinity and invades the real estate market with mega projects
DIG is planning to invade the Egyptian real estate market with mega projects in the coming period. DIG has acquired…