Gross UAE banks’ assets rise to $905bln
Gross assets of banks in the UAE, including bankers’ acceptances, increased by 0.8 per cent to Dh3.322 trillion at the…
Hedge Funds & Alternative Investments
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Banque Saudi Fransi first-quarter net profit up 12% on higher operating income
Banque Saudi Fransi posted a 12 per cent increase in first-quarter net profit as operating income rose and expenses fell.…
Abu Dhabi’s ADIA joins KKR in $15bln bid for Australian medical group: report
Abu Dhabi Investment Authority (ADIA) is part of a consortium led by KKR & Co. that is looking to buy…
MENA startups: $2.88bln invested in 2021, early-stage deal value doubled
Investments in MENA start-ups came close to quadrupling from 2020 to 2021, fuelled by the growth in technology adoption and…
NEOM pitches investment opportunities to more than 700 US business leaders
More than 700 US business, sustainability, and investment leaders attended a series of showcase events to highlight the development of…
The GCC’s net zero goals set to boost sustainability-linked loans, bonds
Green finance — an effort to factor sustainability into a traditional banking industry — made a big foray into the…
Saudi official entities warn against forex trading
Saudi official entities have warned against the use of forex trading on their official Twitter accounts. Forex, also known…
Fitch Affirms Egypt at 'B+'; Outlook Stable
Fitch Ratings has affirmed Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook. A full…
Bahrain Retirees Receive Pension Increase
The pension rise to the salaries of retirees from January 2021 to April 2022 has been deposited in their bank…
Noqood Holding officially launches operation in Egypt
Noqood Holding and its subsidiary KashNow, have officially announced the launch of their operations in Egypt, during a ceremony attended…
Standard & Poor's assigns Tawuniya an "A-" rating
Standard & Poor's Global Rating Agency has assigned Tawuniya Insurance Company an "A-" rating and outlook "stable", which is one…
UAE looks to build local banking and financial sector with sale of dirham-denominated Treasury bonds
Sales of dirham-denominated Treasury bonds are on the horizon for the UAE as it looks to strengthen its local banking…