Hedge Funds & Alternative Investments

Financial Results

SHUAA Capital reports preliminary FY 2020 net profit of AED 125 million up 166% from 2019

February 17, 2021

•Strong growth in profitability despite COVID-19, underscoring the resilience of the business model in a year of transformation •Net income…

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Financial Results

Economic, commercial activities in UAE continue positive run in first half of February

February 17, 2021

Economic and commercial activities in the UAE continued their positive run in the first half of February 2021, reflecting the…

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Financial Results

ADX requires companies to produce annual financial report on time

February 17, 2021

The Abu Dhabi Securities Exchange has asked companies to produce their audited annual financial report on time.   ADX said…

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Executive Moves

Chairwoman of Saudi's Allied Cooperative Insurance Group resigns

February 17, 2021

The chairwoman of the board of Allied Cooperative Insurance Group  has resigned, according to a statement to the Saudi Stock…

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Comment & Analysis

Bitcoin tops $50,000 as it wins more mainstream acceptance

February 17, 2021

Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the…

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Hedge Funds & Alternative Investments

Saudi sovereign wealth fund boosts U.S. equities exposure to nearly $12.8bln

February 17, 2021

Saudi Arabia's sovereign wealth fund has increased its holding of U.S. stocks to nearly $12.8 billion in the fourth quarter…

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Hedge Funds & Alternative Investments

Global companies to be rewarded for setting up in KSA: Officials

February 17, 2021

Saudi Arabia’s decision to stop signing contracts with foreign companies from 2024 unless their regional headquarters are based here will…

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Hedge Funds & Alternative Investments

Leading restructuring consulting firms ramping up in Gulf

February 17, 2021

Specialist restructuring consulting firms are currently beefing up their numbers in the Middle East – in anticipation of widespread business…

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Comment & Analysis

Saudi Arabia’s Raqamyah raises $2.3m in funding

February 17, 2021

Riyadh-based peer-to-peer lending platform Raqamyah has raised $2.3 million from its latest funding drive, with investors including Impact46, Vision Ventures,…

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Comment & Analysis

U.A.E.’s Residential Market Shows More Signs of Recovery

February 17, 2021

More signs point to a rebound in the United Arab Emirates real estate market, following a major disruption to home…

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Hedge Funds & Alternative Investments

Emirates NBD and MetLife form strategic partnership

February 17, 2021

Emirates NBD and MetLife have announced a strategic partnership to provide insurance products and solutions to the bank's extensive wealth,…

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Comment & Analysis

Abu Dhabi's ADQ lines up banks for $1 bln Louis Dreyfus acquisition loan – sources

February 17, 2021

Abu Dhabi's state-owned ADQ haslined up a small group of banks for a loan of about $1 billionto back its…

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