Dubai's Al Mal Capital raises Dh350m for its IPO in turbulent times
Dubai's first IPO (initial public offering) in some time, Al Mal Capital, raised Dh350 million for its real estate investment…
Hedge Funds & Alternative Investments
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Gulf economies must now show equal dexterity in handling their debts
Looking back, it's easy to forget that many of the major Middle East economies were already having an extremely tough…
Lebanon to ask consultants to resume central bank audit
Lebanon’s caretaker finance minister said it would contact a consulting firm to resume a forensic audit of the central bank,…
Qatar keen on establishing cashless society with fintech focus: QFC
Qatar is focused on establishing a cashless society as the role of fintechs surges in the post-pandemic world economic recovery…
TAWAL adopts smart towers using Internet of Things to manage its infrastructure efficiently
TAWAL has recently signed an agreement with MachinesTalk the leading national provider of Internet of Things (IoT) solutions, under which…
The top 6 best companies to work for in Egypt 2020 revealed
Astrazeneca, Lundbeck, Parkville Pharmaceuticals, MSD Animal Health, Johnson & Johnson and Teleperformance are recognized as the top 6 best places…
Abu Dhabi Securities Exchange lists Zee Stores on its second market
Abu Dhabi Securities Exchange has announced that Zee Stores P.J.S.C, has listed its shares on ADX’s Second Market under the…
Saudi Arabia sees ‘strong rebound’ in foreign investor licenses
A total of 306 new international companies were granted investor licenses in Saudi Arabia in the third quarter of 2020,…
Saudi Arabia: 21.5% Saudisation in the private sector
Recent statistics revealed an increase in the rates of Saudisation in the private sector during the third quarter of this…
Egypt central bank forecast to keep interest rates unchanged
Egypt's central bank is set to leave its main interest rate on hold on Thursday, a Reuters poll showed, possibly…
Dubai property prices decline by 0.9%, rents fall by 6.9% in Q3 – central bank
Residential property prices in Dubai declined on average by 0.9 percent year-on-year (Y-o-Y) in the third quarter of 2020, the…
UAE GDP to shrink more than previously forecast, to grow by 2.5% in 2021 – central bank
The UAE's GDP is estimated to shrink about 6 percent this year, compared to a previous forecast of a decline…