Saudi SABB signs $693mln financing facility for Riyadh mall
The Saudi British Bank (SABB) has signed a project financing agreement with Nesma & Partners Contracting Company Ltd. worth 2.6…
Hedge Funds & Alternative Investments
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UAE's Emirates Development Bank, DIB sign deal to boost SME financing
The state-run Emirates Development Bank (EDB) has signed a deal with UAE lender Dubai Islamic Bank (DIB) to set up…
Egypt HR tech start-up SAmAS Gamify raises $125,000 in pre-seed round
Egyptian HR tech start-up SAmAS Gamify, which specialises in psychometric assessment, recently raised $125,000 in a pre-seed funding round led…
Finastra partners with DataGear to help corporate banks in Egypt optimize core processes
Finastra has announced its partnership with DataGear to enable corporate banks to rationalize core operations, automate compliance and reduce costs.…
First Abu Dhabi Bank takes orders for $500mln sukuk
First Abu Dhabi Bank, the United Arab Emirates' largest lender, is expected to sell $500 million in Islamic bonds on…
Brookfield negotiating with First Abu Dhabi Bank to buy $1bn payments arm
Brookfield Asset Management is negotiating with First Abu Dhabi Bank to buy its payment arm, according to Bloomberg. According…
Kamco completes 22 banking deals worth $4.8bn in 2021
Kamco Invest, a regional non-banking financial powerhouse, completed 22 investment banking transactions in 2021 worth $4.8 billion in all three…
UAE becomes world’s largest rough diamond trading hub
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, announced that the UAE reached the top spot globally as…
Bahrain tops in MENA for key economic freedom factors
Bahrain ranked first in MENA for financial, investment, and trade freedom, according to the 2022 Index of Economic Freedom published…
Saudi PIF-owned ADES secures $1.6bln from banks
ADES Arabia Holding, a company owned by Saudi Arabia’s Public Investment Fund, has secured a $1.6 billion loan from a…
Sovereign sukuk to fall to $73bln this year; Saudi Arabia leads decline: Moody’s
Global sovereign sukuk issuance is expected to drop to $73 billion this year on the back of narrowed fiscal deficits,…
President Kenyatta welcomes UAE's plan to establish an Innovation and Entrepreneurship Centre in Kenya
President Uhuru Kenyatta has welcomed an announcement by the United Arab Emirates (UAE) to establish an innovation and entrepreneurship centre…