Saudi-based Qawafel raises a US$3mln seed round
Saudi Arabia’s Qawafel, a B2B marketplace simplifying trade between buyers and suppliers of perishable food products across the Kingdom, has…
Hedge Funds & Alternative Investments
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Investcorp agrees sale of Dainese SpA
Investcorp has announces that it has reached an agreement on the sale of Dainese SpA to global investment firm Carlyle …
PIF-owned SRC signs $270m refinancing deal with Saudi National Bank
The Saudi Real Estate Refinance Company, a wholly-owned company of the Public Investment Fund, has signed a joint agreement with…
Saudi wealth fund buys stakes in Korea game makers
Saudi Arabia is pouring money into South Korean game makers NCSoft and Nexon, doubling down on its bet in the…
UAE to inject money in Sudanese banks: minister
Acting foreign Minister Ali al-Sadiq Sunday said the United Arab Emirates agreed to inject money into Sudanese banks to support…
Oman approves first licence for crowdfunding platform after rules change
The Capital Market Authority has approved the licensing of the first global crowdfunding platform operator in Oman. Ethis Investment…
Banque Saudi Fransi’s CEO resigns
Banque Saudi Fransi has announced the resignation of Rayan Mohammed Fayez from his position as the bank’s Managing Director and…
APBEF-UBA: A new agreement on settlement of disputes between banks
As part of strengthening cooperation between Tunisian banks and financial institutions and the Arab banking sector, the Tunisian Professional Association…
Dubai Investments board proposes $139mln dividend for 2021
UAE-based Dubai Investments has proposed a total cash dividend of AED 510 million ($139 million) for 2021 after profits more…
Dubai a favorite destination as some Moscow-based bankers beat path to exit
In the scramble by some bankers and financial industry executives to leave Moscow, Dubai is turning out to be a…
Saudi job market bounces back with most employers looking to hire
The job market in Saudi Arabia has bounced back from the pandemic slowdown with 79 percent of employers feeling positive…
Saudi January industrial output sees third highest rise in 3 years
Increased oil output has driven Saudi Industrial Production Index in January to increase by 11.1 percent on an annual basis,…