MENA sovereigns: Only Abu Dhabi, Qatar will have fiscal surpluses in 2021
Gulf Cooperation Council sovereigns will experience significant narrowing of fiscal deficits/GDP in 2021, said Fitch Ratings in a report on…
Hedge Funds & Alternative Investments
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Kuwait's Agility unit bought by Danish firm in $4.1bln deal
DSV Panalpina said on Tuesday it had agreed to acquire the logistics division of Kuwait's Agility Public Warehousing Co in…
Abu Dhabi’s Adnoc and OCI said to hire banks for Fertiglobe IPO
Abu Dhabi National Oil Co. and chemical producer OCI have hired banks for a potential listing of their fertilizer joint…
Saudi mortgage finance firm eyes US debut issuance
The Saudi Real Estate Refinance Company, the mortgage finance giant owned by the Kingdom’s sovereign wealth fund, the Public Investment…
Dubai's Shuaa to pay $20.6mln cash dividends after profits more than doubled
Asset management and investment banking firm Shuaa Capital is set to distribute more than 76 million dirhams ($20.6 million) in…
Saudi Central Bank issues SR200 banknote to celebrate 5th anniversary of Vision 2030
The Saudi Central Bank announced its intention to issue a “Two Hundred” denomination of the Saudi currency, on the occasion…
Blackstone Hires Israeli Tech Executive Yifat Oron; Announces Opening of New Office in Tel Aviv
Blackstone has announced that it has hired Yifat Oron, who previously served as CEO of LeumiTech, as a Senior Managing…
Fintech Robos migrates to cloud-only infrastructure with AWS
Founded in 2020 in the Kingdom of Bahrain, Fintech Robos is the product of several experts pooling together to revolutionize…
Dubai's Azizi Developments claims first property sale to Israeli buyer
Property developer Azizi Developments announced on Thursday that it has facilitated the transaction of the first-ever Dubai property sold and…
Family businesses transforming for a sustainable future: PwC survey
In an exceptionally challenging year, PwC Middle East’s latest Family Business survey illustrates the extraordinary resilience and agility of family…
KPMG brings its global Oracle partnership to Saudi Arabia
KPMG and Oracle have brought their global partnership to the Saudi market – to help businesses leverage the power of…
UAE Central Bank fines an exchange house almost Dh500,000
The Central Bank of the UAE fined an exchange house operating in the country almost Dh500,000 ($136,000) for failing to…