Abu Dhabi leads major Gulf bourses higher; Egypt falls
Major stock markets in the Gulf reversed early losses to close higher on Thursday, with the Abu Dhabi index registering…
Hedge Funds & Alternative Investments
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Wataniya Insurance board recommends $53.3m capital increase
Wataniya Insurance Company’s board of directors recommended on Thursday to increase the company’s capital through a SR200 million ($53.3 million)…
Lebanon signs central bank audit contract with A&M
Lebanon’s finance minister Youssef Khalil on Friday signed a new contract with restructuring consultancy Alvarez & Marsal (A&M) to carry…
Saudi Real Estate Co. to raise $426.4mln to finance Qiddiya, Roshan projects
Saudi Real Estate Co. (Al Akaria) plans to raise SR1.6 billion ($426.4 million) via priority rights issue to finance projects…
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…
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…