SoftBank’s PayPay prices IPO below range at $16 a share
Visa, the Abu Dhabi Investment Authority and a subsidiary of the Qatar Investment Authority are anchoring the IPO by purchasing…
Hedge Funds & Alternative Investments
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Abu Dhabi wealth fund ADIA backs France’s Ardian in real estate secondaries push
The Abu Dhabi Investment Authority is backing a new real estate secondaries platform by Ardian, a French-based private investment firm.…
Estithmar Holding net profit surges 122% to QAR 938 million; revenue rises 54% to QAR 6.4 billion for the year ended 31 December 2025
Estithmar Holding Q.P.S.C. has announced its financial results for the year ended 31 December 2025. The group reported a…
Aramco CEO warns of oil market catastrophe in prolonged Iran war
Saudi Aramco’s chief executive officer warned the impact on global oil markets will be “catastrophic” the longer the disruption from…
Karm Holding secures EGP 70mln shariah-compliant financing from Banque Misr to expand Cairo 3A project
Venus, a subsidiary of Karm Holding, has secured Shariah-Compliant financing worth EGP 70 million from Banque Misr to support the…
Egyptian pound weakens past 52 per dollar amid regional tensions
The dollar closed at EGP 52.11 for buying and EGP 52.21 for selling, according to data from the Central Bank…
Egypt reviews fair value study for IPO-planned Banque du Caire
The committee reviewing the performance of state-owned and government-backed entities examined a study on the valuation of state-owned Banque du…
Middle East wealth funds ADIA, QIA to anchor SoftBank’s PayPay IPO
PayPay Corporation, a subsidiary of SoftBank Group, has lined up Abu Dhabi Investment Authority (ADIA) and the investment arm of…
Investcorp announces close of second GP staking fund with $1.1bln in commitments
Investcorp, a global alternative investment firm, today announced that its GP staking arm, Investcorp Strategic Capital Group (ISCG), has closed…
Dubai gold climbs above Dh621 after sharp fall amid volatile global markets
Gold buyers in Dubai saw prices bounce back sharply on Wednesday morning after a sudden drop a day earlier, with…
Ajman Department of Tourism, Culture and Media signs cooperation agreement with Germany’s Vtours
The Ajman Department of Tourism, Culture and Media (ADTCM) has signed a strategic agreement with Germany-based Vtours, aimed at enhancing…
Oil prices up 1% as Iran crisis disrupts Middle East supply
Oil prices rose about 1 percent on Wednesday as US-Israeli strikes on Iran disrupted Middle East supplies, but the pace…