Kuwait's National Real Estate sells stake in Iraq unit for $15mln
Kuwait's National Real Estate Company (NREC) said it has sold its entire shares in a subsidiary in Iraq for 4.54…
Hedge Funds & Alternative Investments
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Gulf sovereigns seen issuing less in 2022, corporate bond sales to rise
Overall debt issuance from the Gulf is expected to decline next year, as sovereigns issue less bonds due to improved…
EY beefs up MENA management consulting division with PACS
EY has beefed up its consulting practice in the Middle East with the acquisition of Dubai-based management consultancy Pinnacle Advisory…
EBRD, EU and GCF expand access to finance for Egyptian private sector
The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) are boosting…
Wealthface launches advanced investing App
- The platform offers Face X for Local AED Free Transfers - The platform offers tailored investing portfolios with…
State Investor ADQ Opens Cairo Office
ADQ has established a new office in Egypt to build on its commitment to investing in the country’s economic growth.…
Cayman Grand Court opens the floodgates to derivative claims by limited partners
In Kuwait Ports Authority & Another v. Port Link GP Ltd. & Ors (FSD 236 of 2020, unreported, 25 November…
Qatari realty firms named among region’s top firms
Qatari real estate companies have been ranked among the region’s top companies by Forbes magazine. Qatari Diar, Ezdan Holding Group,…
DeFi set to revolutionise global trade
The UAE is making significant strides and fast becoming one of the world’s most blockchain-friendly nations with decentralised finance (DeFi)…
Israel’s First Digital Bank raises USD 120 million from global investors
The First Digital Bank (FDB) announced on Tuesday that it has raised USD 120 million from backers, including Swiss wealth…
UAE's Alpha Dhabi Holding eyes $2.17bln in investments across sectors
Abu Dhabi’s Alpha Dhabi Holding, a subsidiary of International Holding Co. (IHC), has announced plans to invest up to 8…
Qatar Central Bank to start gradual reduction of pandemic stimulus
The Qatar Central Bank said on Thursday it will start working on a gradual reduction of the measures introduced to…