Investcorp swings to profit, N.American PE fund raises $1bln
Manama-based Investcorp on Wednesday posted a net profit of $124 million for its financial year ending June 30, rebounding from…
Hedge Funds & Alternative Investments
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Kuwait Finance House Q2 profit more than triples
Kuwait Finance House, a Sharia-compliant bank, said on Tuesday net profit for the second quarter more than tripled due to…
Gassan Al-Kibsi and Nader Haffar in board of new Dubai chamber
Dubai’s government has announced the members of its newly established Dubai International Chamber, appointing two leaders from the consulting industry:…
Saudi CITC pushes for more tech company listings on Tadawul
Saudi Arabia’s Communications and Information Technology Commission signed an initial agreement with the Saudi Stock Exchange pushing for more listing…
Saudi mortgage lending surges 27% in first half of 2021 – SAMA
Residential mortgage financing in Saudi Arabia jumped by more than a quarter in the first half of the year even…
Foreigners file slew of lawsuits against alleged Israeli investment scammers
A new spate of lawsuits suggests that despite legislation and prosecutions by foreign governments, alleged investment fraud remains a lucrative…
Data on Maltese nationals’ Dubai offshore holdings given to police
Information on around 20 Maltese nationals’ offshore holdings in Dubai has been passed on to the financial crime police by…
Simmons hires construction and infrastructure partner in Doha
Simmons & Simmons has announced that its Middle East dispute resolution practice is to grow with the hire of construction…
Mena region to see more SPAC deal
Special Purpose Acquisition Companies are trending in Mena, which indicates that the startup ecosystem is evolving into a stronger and…
Qatar’s fiscal account to return 'surplus' this year on 'recovering' oil price: EIU
Qatar’s fiscal account will return to surplus this year aided by recovering global oil prices, Economist Intelligence Unit (EIU) has…
GCC’s Islamic insurers face profitability challenges in 2021
GCC’s Islamic insurers (Takaful) are expected to face profitability pressures due to very high competition in the overcrowded insurance industry…
Saudi Arabia plans $15bln technology fund with private investors- report
A public-private partnership will launch a $15 billion technology fund to advance the digital infrastructure in Saudi Arabia, Arab News…