Abu Dhabi Pension Fund, ADQ invest $2.1bln in ADNOC energy infrastructure deal
Abu Dhabi Pension Fund and ADQ, one of the region’s largest holding companies, will invest $2.1 billion into select Abu…
Hedge Funds & Alternative Investments
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Dubai's Arabtec asks banks for debt standstill for subsidiary, sources say
Arabtec Holding asked banks this week for a three-month standstill on debt repayments for its subsidiary Target, sources said, as…
Lebanon's Bankmed appoints ex-minister Hasan as CEO
Bankmed, one of the largest Lebanese banks in terms of assets, has appointed former minister Raya Haffar El Hasan as…
Buyers from the U.A.E. and U.S. Account for Highest Numbers of Mortgage Deals for U.K. Properties
Big-spending buyers from the U.A.E. and the U.S. are leading high-end international property purchases in the U.K., according to a…
Qatar ranks first worldwide on Digital Accessibility Rights Evaluation Index 2020
Qatar has ranked first worldwide on the Digital Accessibility Rights Evaluation Index 2020 (DARE Index 2020) released by the Global…
Managing the Crisis: Financial restructuring from a tax perspective
As the COVID-19 pandemic continues to bring unprecedented challenges through its economic and financial impacts, the IMF revealed its updated…
VAT will shore up Oman’s economy
Economic analysts in Oman have welcomed the decision to impose Value Added Tax (VAT) in the Sultanate, as it will…
IMF eases back on forecasts for Saudi Arabia's economic slump
The Gulf's largest economy will contract sharply this year due to the impact of the coronavirus pandemic but the extent…
Abu Dhabi Wealth Fund Mubadala Expanding With Investment in Germany’s Evotec
Mubadala Investment Co. will invest 200 million euros ($235 million) in German pharmaceutical company Evotec SE as part of the…
Projects: Saudi plan to allow more foreign banks to benefit projects
Saudi Arabia is planning to allow the operation of more foreign banks in a bid to boost the domestic economy…
Saudi Arabia hosts a virtual meeting of finance ministers and bank…
The finance ministers and central bank governors of the G20 countries will hold a meeting tomorrow, Wednesday, under the Kingdom’s…
Kingdom’s journey from ultra-conservatism to ultra-modernism
Saudi Arabia, currently, is undergoing a phenomenal metamorphosis; a country widely known for its ultra-conservative posture is now gradually moving…