Oman banks on SMEs, tourism to revive economy
Oman is banking on its non-oil sectors, including small-to-medium enterprises and tourism, to revive the local economy, national daily Times…
Hedge Funds & Alternative Investments
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EBRD invests in Egypt-focused private equity fund
The European Bank for Reconstruction and Development is boosting the resilience of the financial sector in Egypt and supporting equity…
Saudi Aramco and Sumitomo Chemical to lend Petro Rabigh $2 billion
Japan’s Sumitomo Chemical and Saudi Aramco will lend $2 billion to their refinery and petrochemicals joint venture as it faces…
ADGM established close partnerships with over 100 Chinese leading institutions: Al Sayegh
Ahmed Ali Al Sayegh, Minister of State and Chairman of Abu Dhabi Global Market, ADGM, has extended warm congratulations to…
ADDED signs cooperation agreement with ADQ
The Abu Dhabi Department of Economic Development and ADQ have signed a cooperation agreement to support the Abu Dhabi Local…
Saudi Arabia imposes new tax on property deals, exempts them from VAT
Saudi Arabia’s king on Friday issued an order exempting real estate deals from a 15% value-added tax (VAT) and imposed…
Discover Qatar draws over 100,000 visitors in 2019-20
Over 100,000 passengers from across the world have enjoyed Discover Qatar services during 2019-20, showing Qatar is fast emerging as…
GCC Islamic asset managers stay resilient
Net inflows into some large Islamic funds in the GCC countries have remained positive despite weaker markets and lower oil…
SANAD, Banque du Caire strengthen partnership to support MSMEs in Egypt
The SANAD Fund for MSME (SANAD) announced on Thursday that it has provided a new loan of $15m to Banque…
“GFH” decides to cancel the listing of its shares on the…
The general assembly of the “GFH” Financial Company, listed on the Dubai, Bahrain and Kuwait Stock Exchanges, approved the cancellation…
G20 discusses ways to enhance access to opportunities in ME
Younis Haji Al Khoori, Undersecretary of the Ministry of Finance (MoF), participated in a high-level G20 virtual forum titled ‘Enhancing…
Top banks set climate targets for loans and investments
HSBC Holdings Plc, Societe Generale SA, BNP Paribas SA and other banks, insurance companies and financial firms around the world…