Axa sells insurance operations in Gulf region
AXA announced today that it has completed the sale of its 50% shareholding in AXA Gulf and its 34% shareholding…
Hedge Funds & Alternative Investments
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Abu Dhabi starts marketing two-tranche bonds, document shows
Abu Dhabi on Wednesday gave an initial price guidance of about 90 basis points (bps) over U.S. Treasuries (UST) for…
A ticket to boost the Arab world's tech sector
Countries of the GCC region have come a long way. In diversifying their economies away from oil, they have invested…
Lingering pandemic woes hamper MENA recovery: S&P report
The MENA-6: Egypt, Morocco, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates, are still operating in the shadow of…
Apex Group appointed fund administrator of the Masdar Green REIT
Apex Group has been appointed fund administrator of the Masdar Green REIT, the first REIT in the region to invest…
FundRock launches Middle East ManCo Services
FundRock and Alternative Investment Fund Manager has announced the launch of FundRock (ME) Ltd. (“FundRock ME”), in the Abu Dhabi…
Gold to stay high in the near-term, says Fitch Solutions
Gold is expected to trade sideways in the coming months; Fitch Solutions said and noted the precious metal could struggle…
Saudi Exim Bank signs reinsurance agreement with ICIEC
The Saudi Exim Bank have signed an agreement with the Islamic Corporation for the Insurance of Investment and Export Credit…
SRC signs $533.35m mortgage finance deal with Saudi Arabia's social insurance agency
The Saudi Real Estate Refinance Company (SRC), a mortgage financier backed by the kingdom’s sovereign investment arm the Public Investment…
Dubai FDI supports expansion by Amazon Web Services in UAE
The Dubai Investment Development Agency has welcomed the announcement by Amazon Web Services (AWS) of its plans to open data…
Saudi Arabia’s PIF and Saudi Tadawul Group plan voluntary exchange platform for carbon credits in MENA region
Saudi Arabia’s Public Investment Fund in collaboration with the Saudi Tadawul Group has announced plans to establish a Riyadh voluntary…
Saudi PIF to become largest shareholder in Emaar the Economic City after debt swap
Saudi Arabia’s Public Investment Fund will own a 25 percent stake in Emaar the Economic City after the sovereign wealth…