Egypt sees strong growth in non-oil economy
An Egyptian minister has said that the performance of non-oil sectors in the country rose to the challenge of the…
Hedge Funds & Alternative Investments
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COVID-19, low oil prices set to trigger new wave of GCC bank mergers
A new wave of banking sector mergers is in the offing in the GCC with banks seeking ways to combat…
Abu Dhabi Investment Authority to invest over $750mln in Reliance Retail
Abu Dhabi Investment Authority (ADIA) will invest 55.13 billion rupees ($751.13 million) in Reliance Industries' retail arm, giving the unit…
Alvarez & Marsal to administrate NMC Healthcare in UAE
Alvarez & Marsal’s involvement in the NMC Healthcare case continues, as the firm is handed administration responsibilities for 36 of…
Ambani sells over $750 million Reliance Retail stake to Abu Dhabi Investment Authority
Abu Dhabi Investment Authority, which invested $750 million in Indian telecom giant Jio Platforms in June this year, has returned…
How banks and insurers in Saudi Arabia are faring during Covid
While Covid-19 has understandably had a significant impact on Saudi Arabia’s financial services industry, the banking and insurance sectors have…
Alstom appoints Managing Director in Middle East cluster
Alstom has appointed Mama Sougoufara as Managing Director for its Middle East Cluster. Mama was previously the Vice President…
Investcorp appoints ESG lead as it ramps up Firmwide adoption
Investcorp has announced that it has appointed Habib Abdur-Rahman, Principal, Corporate Development as its internal ESG lead. Within this…
Stakeholder capitalism – what is it, and how can it help the Middle East and North Africa?
Even before COVID-19 there was a growing buzz around stakeholder capitalism - the idea that a wide group of people,…
SHUAA launches three Sharia-compliant funds in ADGM and secures USD 75 million of commitments
United Arab Emirates: SHUAA Capital has launched three Sharia compliant funds and already secured USD 75 million of commitments. …
Azimut to launch fixed income fund in Egypt
Azimut Egypt Asset Management will launch the Group's first local fixed income fund in Egypt on 11 October, with equities…
DFM and Nasdaq Dubai ring the bell to promote financial literacy and investor awareness
The Dubai Financial Market and Nasdaq Dubai today hosted a bell ringing ceremony with the participation of the Securities and…