UAE startup Supy raises $1.5mln in latest funding
A UAE-based startup that digitizes communication between restaurants and suppliers has raised $1.5 million in pre-seed funding. Supy provides…
Hedge Funds & Alternative Investments
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AM Best affirms credit ratings of Bahrain Kuwait insurance company B.S.C. And Takaful international company BSC
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent)…
Number of Israeli companies in UAE to grow 100% by 2022: UIBC chief
The number of Israeli companies operating in the UAE is expected to grow 100 percent by 2022, the President of…
UAE pledges to expand investment in Britain
The United Arab Emirates is to announce a big increase in investment in the UK as the oil-rich Gulf state…
SoftBank ventures into Saudi Arabia in a deal with wealth fund
SoftBank Group Corp. has made its first investment in a company based in Saudi Arabia, partnering with a unit of…
Kuwait's Burgan Bank gets approval to issue up to $500mln unsecured bonds
Kuwait's Burgan Bank, a subsidiary of Kuwait Projects Company Holding KSC, said it has received approval from the Central Bank…
QFC, Rwanda Finance sign agreement to promote mutual collaboration
Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, signed a Memorandum of Understanding (MoU)…
Best's market segment report: Profits and capital rebound for listed insurers in UAE
For the listed insurance market in the United Arab Emirates (UAE), the first half of 2021 has been marked by…
Shuaa ex-deputy CEO eyes $1.3bn target with new asset management firm
The region’s asset management industry has grown by 11 percent, from $1.1 trillion of assets under management (AUM) in 2019…
Dubai's Gulf Islamic Investments to acquire stake in Saudi healthcare firm
Dubai-based Gulf Islamic Investments (GII) will acquire a stake in a healthcare company in Saudi Arabia for $600 million as…
Dubai's Emaar hires Emirates NBD for sale of e-commerce business Namshi – sources
Dubai's Emaar has picked Emirates NBD to advise it on the sale of fashion e-commerce business Namshi, sources said. …
Mashreq, DAFZA sign MoU to boost SME growth
Mashreq Bank has signed a Memorandum of Understanding (MoU) with Dubai Airport Freezone Authority (DAFZA) to support and grow the…