Oracle building major cloud data centres in the UAE, Saudi Arabia
Digital transformation has been a buzzword in the GCC for some years now. And while most regional governments have been…
Hedge Funds & Alternative Investments
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GFH intends to expand its investments in Saudi Arabia
Hisham Al Rayes, CEO and member of the Board of Directors, revealed to the group GFH FinancialThe group intends to…
UAE clarifies scope and application of economic substance regulations
The United Arab Emirates government has made amendments to its Economic Substance Regulations, clarifying to whom the regulations apply and…
Saudi Arabia looks to cut spending in bid to shrink deficit
Saudi Arabia plans to reduce spending next year by about 7.5 percent to SR990 billion ($263.9 billion) as it seeks…
Farnek appoints Aburok to drive business growth strategy
Farnek has appointed Khaldun Aburok as director of business development. Aburok’s previous experience in business development includes a senior…
Qalaa Holdings records significant 105% y-o-y top-line growth in 2Q 2020 to EGP 7.4 bn and 148% on a six-month basis
Strong resilience and operational efficiency of diversified portfolio supported solid performance and EBITDA increase of 17% to EGP 325.6 million…
Mubadala announces long term investment partnership with Silver Lake
Abu Dhabi’s Mubadala has entered into a long-term investment strategy with US based technology investment firm Silver Lake, with the…
UAE construction industry on edge as Arabtec eyes 'liquidation
Pressure on the UAE’s construction sector is increasing by the day, with banks now tightening up project-related financing over the…
Middle East’s first sovereign green bond sees strong demand
Egypt pulled in orders for nearly five times the $750 million size of the Middle East and North Africa's first…
Qatar expected to retire debt using accumulated contingency reserve funds, says Moody’s
Qatar is expected to retire debt using accumulated contingency reserve funds, global rating agency Moody’s said and noted it understands…
Syrian olive trees put down roots in Kurdish Iraq
Tucked away in the rolling hills of Iraqi Kurdistan is a hidden treasure: tens of thousands of olive trees, thriving…
Bahrain – We overcame the circumstances by effectively implementing our strategy…
“GFH Financial is preparing to acquire two schools in Saudi Arabia … and there is no intention to invest in…