UAE sets up $10bn fund to invest in Israel
The UAE has established a $10 billion fund to invest in strategic sectors in Israel, state news agency WAM reported…
Hedge Funds & Alternative Investments
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Saudi banks to lead the sector’s post-pandemic recovery
The profitability of Saudi banks will surpass those of its GCC peers in 2021, despite low interest rates and the…
New digital authority aims to enhance automation, reduce duplication
The Saudi Cabinet on Wednesday approved a decision to set up the Digital Government Authority, which will lead to the…
UAE lender CBI seeks shareholder vote to boost capital
United Arab Emirates lender Commercial Bank International, which is partly owned by Qatar's National Bank, is seeking to increase its…
Saudi sovereign fund signs $15bn loan with 17 international banks
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced yesterday that it had agreed to a $15 billion multi-currency…
Moody’s upgrades Beema rating to 'A3' with sable outlook
International credit rating agency Moody’s Thursday upgraded Damaan Islamic Insurance Company's (Beema) insurance financial strength rating (IFSR) to 'A3' from…
Endeavor selects EY to support scale-up programme in Jordan
Having beaten out 13 professional services firms in a competitive bidding process, EY is set to deliver consulting, training and…
Aurelien Vincent and Chadi Moujaes partners at Strategy&
Strategy& has appointed two new partners in the Middle East, consolidating its position as the region’s largest strategic consulting partnership. …
Kuwait and Saudi Arabia take 2020-2021 world branding awards by storm
The prestigious World Branding Awards, the ultimate global brand recognition accolade – now in its 12th edition, saw over 400…
Renaissance Services secures funding for expansion of workers’ village
Oman-based Renaissance Services has announced that it has secured funding worth $82 million for the expansion of its workers’ village…
Saudi Arabia, Germany in landmark alliance on green hydrogen
Saudi Arabia and Germany have launched a landmark energy partnership to help implement the goals of the Paris Agreement on…
Dubai’s DIFC Investments full-year profit declines 74%
DIFC Investments, controlled by Dubai’s tax-free business hub, posted a 74 per cent drop in profit. Full-year profit net…