IMF calls for "strong" fiscal consolidation in Kuwait
The International Monetary Fund said on Thursday Kuwait would need strong fiscal consolidation to support growth after its finances were…
Hedge Funds & Alternative Investments
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More than QR783m volume of real estate transactions during past week
The volume of real estate transactions in sales contracts registered within the Real Estate Registration Department at the Ministry of…
Saudi Arabia based Fintech Prexle Secures $670K via Seed Round, Company Offers Cloud based POS Services
Saudi Arabia-based Cloud-enabled Point-Of-Sale startup Prexle has reportedly finalized its seed funding round which is valued at 2.5 million Saudi…
Nigeria joins Middle East’s Digital Cooperation Organization at first meeting
Nigeria and Oman have joined the Digital Cooperation Organization (DCO) at its first meeting in Riyadh this week, joining Bahrain,…
UAE: Unbundling how much money goes into launching a business in Dubai
The costs that go into establishing and registering a business in Dubai vary a lot depending on the type of…
G20’s missed opportunity
This month, G20 finance ministers agreed to a proposal to issue $650 billion worth of the International Monetary Fund’s reserve…
Qatar shares outperform as cap on foreign ownership removed
Major Gulf stock markets registered sharp gains on Thursday, boosted by financials, with Qatar outperforming the region after it approved…
Abu Dhabi based LuLu Financial Holdings appoints former ADGM FSRA CEO to its Board of Directors
LuLu Financial Holdings has announced the appointment of Richard Teng, former CEO of Financial Services Regulatory Authority at Abu Dhabi…
Deyaar profits rise, sees Dubai property demand growing
Deyaar, one of Dubai’s biggest property developers, reported a rise in first quarter profit, the company said in a statement.…
Saudi's SABIC to distribute $1.2bln in H2 2020 dividends
The Saudi Basic Industries Corporation has approved cash dividends amounting to SR4.5 billion ($1.2 billion) to shareholders for the second…
Six selectors reveal popular fund products in Middle East
It’s been a year of two halves. In the first six month we have seen a lot of interest in…
ADGM Introduces Regulations Governing SPVS and Foundations
The Abu Dhabi Global Market has introduced a regulatory framework governing the appointment of Company Service Providers by special purpose…