Investments in Saudi fintech sector rises to $347mln
More than SAR 1.3 billion ($347 million) has been invested in fintech in Saudi Arabia in the last 12 months…
Hedge Funds & Alternative Investments
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Dubai, Doha and Riyadh among top five in MENA ranking
Comprising of Global Cities Index (GCI) and Global Cities Outlook (GCO), the report measures how globally engaged cities are across…
Chimera Capital's first venture capital fund exceeds initial target
Chimera Capital Ltd has achieved second close of Chimera Global Fund I LP (“the Fund”) surpassing its initial target of…
BlackRock Wins Saudi Arabia’s National Infrastructure Fund Mandate
BlackRock Inc., the world’s largest asset manager, won a mandate to help Saudi Arabia create and oversee the National Infrastructure…
Ex-Google executive raising $1 billion middle east tech fund
STV, a venture capital firm started by ex-Google executive Abdulrahman Tarabzouni, is looking to raise at least $1 billion for…
Coders critical for digital transformation in Middle East
If data is the new oil in a knowledge-based economy, then coding is all the people that are working on…
El-Khalil, IMF Executive Director discuss state’s plan for economic recovery
Minister of Finance Youssef El-Khalil received on Wednesday the Executive Director of the International Monetary Fund and the representative of…
UAE-based Fintech Galaxy closes $2m seed round for Open Finance development
The first UAE-based open finance platform, Fintech Galaxy, has successfully raised $2 million in its latest funding round, MAGNiTT reported.…
KFH reports KD 168.1 million net profit for shareholders until end of Q3 ’21, up 66.1%
Chairman of Kuwait Finance House (KFH), Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported net…
Clifford Chance advises on historic UAE first bond issue
Leading international law firm Clifford Chance has advised the Federal Government of the UAE, acting through the Ministry of Finance,…
Bahrain's Investcorp exits real estate investment in Germany
Bahrain’s Investcorp, which counts Abu Dhabi sovereign wealth fund Mubadala Development Co. as a major investor, has sold its long…
EDB, ADIO sign MoU to collaborate on boosting FDI and promoting business
Emirates Development Bank and the Abu Dhabi Investment Office [ADIO] have announced the signing of a Memorandum of Understanding (MoU)…