Saudi Arabia's wealth fund to sell part of stake in Saudi Telecom
Saudi Arabia's Public Investment Fund (PIF), the country's sovereign wealth fund, is considering selling part of its 70% stake in…
Hedge Funds & Alternative Investments
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Fintech Fund Launched by Banking Institutions in Egypt to Support Nationwide Digital Transformation Strategy
Three Egypt-based banking institutions will be establishing a 1 billion Egyptian pound Fintech fund (appr. $63.6 million) in order to…
Banque Misr concluded its largest syndicated term facility to date
Banque Misr (BM) initially planned to refinance the existing US$ 550 Million syndicated loan signed in 2018 and for general…
Dubai Private Equity Firm Lures Veteran Banker From Credit Suisse
Veteran private banker Christian Zouein has joined Levant Capital after more than a decade at Credit Suisse Group AG, the…
Dubai Economy signs deal to participate in UAE KYC Blockchain Platform
Dubai Economy, Dubai Silicon Oasis Authority (DSOA), Dubai Multi-Commodities Center (DMCC), and Dubai Airport Free Zone Authority (DAFZA) have signed…
GFH Group names Samahiji as new UK chief
Bahrain-based GFH Group, a leading regional financial group with major interests in asset management and real estate, has appointed Tariq…
UAE residential market expands at ‘fastest pace since 2015’: Knight Frank
A record 54 sales of Dubai homes valued more than $10 million and above was made during the third quarter…
EFG Hermes close to obtain licence to finance startups
Egyptian Financial Group Hermes Holding (EFG Hermes) (HRHO) is close to obtain a licence to finance startups and small- and…
Energy crunch: How high will oil prices climb?
Oil continued to climb on Monday with global benchmark Brent nearing $80 a barrel, its highest price since October 2018,…
PraxisIFM secures coveted corporate services provider licence in the UAE capital
PraxisIFM Group has celebrating its fifth year of establishment in the heart of the ADGM financial district and has been…
S&P affirms Saudi’s rating on expected rebound through 2024
S&P Global Ratings on Tuesday affirmed Saudi Arabia’s A- (minus) credit rating with a stable outlook, expecting a rebound in…
Record US$ 10m+ home sales as Dubai, Abu Dhabi residential markets bounce back
Residential property values in the UAE’s two largest cities, Dubai and Abu Dhabi, have expanded at their fastest pace since…