Suez Canal to establish sovereign wealth fund
The Suez Canal Authority (SCA), the government body that operates the Suez Canal, plans to establish its own sovereign wealth…
Hedge Funds & Alternative Investments
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Saudi Alinma Bank's board recommends $211.7mln cash dividends for H2
Alinma Bank's board of directors recommended the distribution of SR795.1 million ($211.7 million) worth of cash dividend for the second…
Dubai-based Emaar Development CEO resigns for personal reasons
The CEO of Emaar Development, Bader Hareb, has resigned after three years in the role, citing personal reasons. Hareb’s…
Sharjah ruler approves $9.37bln budget for 2022
Sharjah's ruler Sheikh Dr Sultan bin Muhammad Al Qasimi has approved the emirate's Dh34.42 billion ($9.37bln) budget for 2022, according…
Real estate is second contributing sector to Saudi GDP, housing minister says
Real estate is the second largest contributing sector to the Saudi GDP and it is linked to the growth of…
GCC BDI announces First Abu Dhabi Bank as strategic partner
GCC Board Directors Institute (GCC BDI), the region’s leading not-for-profit organisation for corporate governance and board effectiveness, has tied up…
Walkers Fundamentals White Paper 2021 – Regional Update: Asia & MENA
It has been another twelve months in which the extraordinary has become the norm, the unthinkable the mundane. Lockdowns…
Kuwait’s Warba Bank lists $250m sukuk on Nasdaq Dubai
Kuwait’s Warba Bank has listed its $250 million sukuk on Nasdaq Dubai, which was 4.4 times oversubscribed by investors. …
90% of Mena employees feel optimistic about 2022, survey finds
Ninety per cent of working professionals polled in a survey in the Middle East and North Africa feel optimistic about…
Boursa Kuwait caps off a successful 2021 with five prestigious awards
Rounding off an eventful 2021, which saw Boursa Kuwait excel across all facets of its operations, the company has won…
Global Bond Winners for 2021 All Came From Emerging Markets
Emerging-market bonds were supposed to be dragged down this year as central banks moved toward withdrawing stimulus. Instead, the best-performing…
MIS, Al-Rajhi Capital to launch $266m Shariah-compliant investment fund
Saudi-based Al-Moammar Information Systems Co., and Al Rajhi Capital on Sunday launched signed a memorandum of understanding to launch a…