Severe shortage of workers; 7,000 over 60s expat ‘craftsmen’ leave for good
The recent government decisions regarding a complete return to the manifestations of normal life to what it was before the…
Hedge Funds & Alternative Investments
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Dubai's private sector businesses see strong improvement despite inflation
Dubai's private sector business conditions improved sharply in March as output increased due to new business intakes, according to a…
National Bonds investments up 36% to AED 11.89bln marking significant shift in savings behavior across UAE
National Bonds, the UAE’s Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, saw its investments increased…
SNB Capital sees profit leaps for SABIC, Al Rajhi Bank in Q1 2022
Saudi Arabia’s major players, including Saudi Basic Industries Corp. and Al Rajhi Bank, are expected to see a jump in…
Lebanon’s central bank counts its gold for first time in at least 30 years
Lebanon’s central bank is counting its gold reserves for the first time in at least three decades as the international…
UAE’s economic growth on track for 4.2% GDP growth despite inflation rise: Central Bank
The UAE is on track to achieve the 4.2 per cent growth forecast for 2022 while inflationary pressures are rising,…
Equiom opens new office in Riyadh
Professional services provider Equiom Group has opened a new office in Riyadh, Saudi Arabia. According to the firm, the…
Egypt issues its first samurai bonds: Cabinet
Egypt is the first country in the Middle East to issue the samurai bonds, as it attempts to diversify funding…
Wale Ayeni, head of VC investments for IFC in Africa, Middle East and Central Asia, is leaving the firm
Wale Ayeni, the regional head of venture capital investments for the IFC in Africa, has left the International Finance Corporation…
High reliance on foreign funding poses risks for Qatari banks: Moody’s
Banks in Qatar are increasingly turning to foreign sources of funding due to a big demand for loans from projects…
Rainer Kasch appointed head of Saudi Arabia securities services by FAB Capital
First Abu Dhabi Bank (FAB) has announced the appointment of Rainer Kasch as managing director and head of Saudi Arabia…
UAE, Qatar, Saudi Arabia rank among top 10 in the Global Passport Index based on investment opportunities
The UAE has ranked fifth globally – and first among Middle East nations – while Qatar and Saudi Arabia have…