Kamco Invest reports net profit of KWD 3.6mln for the first quarter of 2022
Kamco Invest has announced its financial results for the first quarter ended 31 March 2022. The Company reported a net…
Hedge Funds & Alternative Investments
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AFP expands to the Middle East and Africa
The Association for Financial Professionals has announced the launch of its newly formed AFP Middle East and Africa (MEA) Treasury Advisory…
EFG Hermes entered into an agreement with Amazon
Consumer Financing Services Agreement: On 12 May 2022, valU Consumer Finance S.A.E. ("valU"), a fully owned subsidiary of EFG…
Abu Dhabi’s ADQ announces EUR4bn investment partnership with Greece
Abu Dhabi-based investment and holding company ADQ has signed investment partnership agreements with Greek entities. It signed agreements with…
Mubadala extends co-investment with Hellenic Development Bank of Investments
During Greek Prime Minister Kyriakos Mitsotakis’s official state visit to the United Arab Emirates, Abu Dhabi-based sovereign investor, Mubadala Investment…
Abu Dhabi ADNOC Distribution Q1 net profit rises to $183mln
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, reported a 6.3 percent y-o-y increase in Q1 2022 net profit…
Oman reports a budget surplus in Q1
The Sultanate's general budget achieved a financial surplus of RO357 million by the end of the first quarter of this…
GFH Financial set to launch US operations with SQ Asset Management deal
Bahrain investment firm GFH Financial Group is set to launch its operations in the US real estate market with the…
Saudi Arabia Reportedly Will Invest In Israel Through Jared Kushner’s Fund
Affinity Partners, a new private-equity fund started by Jared Kushner, plans to invest money from Saudi Arabia’s sovereign wealth fund…
Egypt equities in bottoming-out phase; low valuations attractive
Egyptian equities are entering a bottoming-out phase, although there is likely to be more economic pain this year and there…
UAE interest rate hike: Property owners will do better locking in mortgage rates for '3-5 years'
Interest rates are higher by 0.50 per cent – and the one thing UAE’s property buyers seeking mortgages should do…
Eid 2022 gifting: UAE consumers go for cashback schemes in a big way
Is ‘cashback’ making a sort of comeback in the UAE’s retail space? Through Ramadan and Eid, cashback schemes from…