Phoenix Group launches 30MW hydropower mining operation in Ethiopia
Announces the latest energization of the 30MW hydropower operation in Ethiopia Developed in partnership with Ethiopian Electric Power…
Hedge Funds & Alternative Investments
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Oman seeks investments in Brazil
Representatives from Invest Oman, the investment promotion agency of Oman, the Public Authority for Special Economic Zones and Free Zones…
Egypt’s Banque Misr expands into East Africa with new Djibouti subsidiary
Banque Misr has officially inaugurated Banque Misr Djibouti, marking its first Egyptian state-owned banking subsidiary in East Africa. The…
EFG Holding completes EGP 4.2bn capital increase at Bank NXT
EFG Holding announced on Monday the completion of a capital increase at Bank NXT, totalling EGP 4.2bn, with full participation…
National Investments Company reports profit of KD 20.7mln and earnings per share of 26 fils, a 103% growth in profits
Khaled Waleed Al Falah National Investments Company continues to build on its positive momentum, delivering sustainable financial and operational results…
Aramco announces third quarter 2025 results
Adjusted net income1: $28.0 billion (Q3 2024: $27.7 billion) Cash flow from operating activities: $36.1 billion (Q3 2024: $35.2 billion)…
Gulf markets rise for 2nd month, MSCI GCC Index up 1.2%
Gulf Cooperation Council equities recorded their second consecutive monthly gain in October as the MSCI GCC index rose by 1.2…
SABIC reports 7% revenue decline and lower profit in Q3
Saudi Basic Industries Corporation (SABIC) has reported a 7% year-on-year decline in revenue for the third quarter of 2025, with…
Apex Investment sees higher profits in 9M-25; revenues hit $172.47mln
The net profits after tax of Apex Investment Company hit AED 54.43 million in the first nine months (9M) of…
Saudi Arabia’s real GDP grows 5% in Q3: GASTAT
Saudi Arabia’s economy grew 5 percent in the third quarter from a year earlier, driven by strong gains in both…
DMCC unveils plans for new financial centre in Dubai
Dubai’s DMCC is setting up a new Financial Centre to anchor trade finance, fintech, and digital asset innovation, reinforcing the…
China Expands Yuan Clearing to First Abu Dhabi Bank in UAE
China’s central bank has appointed a second yuan clearing bank in the United Arab Emirates, signaling a deepening of financial…