Can Saudi Aramco keep its pledge to investors in its 1.5% share sale IPO?
Saudi Aramco is no longer the world’s most valuable company in the world. Apple is. Give Apple credit…
Hedge Funds & Alternative Investments
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Bahrain's GFH Financial picks up majority in Global Banking Corp.
GFH Financial Group has acquired an additional 21.8 per cent stake in Global Banking Corporation (GB Corp), which gives it…
Abu Dhabi comes back to bond market with three-part dollar issue
Abu Dhabi started marketing on Tuesday a U.S. dollar-denominated bond offering split into three tranches of three, 10 and a…
UAE- Noor Takaful, Ajman Bank enter strategic partnership
The UAE's second-largest Islamic insurance entity, Noor Takaful (a Dar Al Takaful company), has entered a strategic partnership with Ajman…
QFCRA agrees settlement with GlobeMed Qatar
The Qatar Financial Centre Regulatory Authority announced yesterday that it has agreed a settlement with GlobeMed Qatar LLC on misunderstandings…
Qatar First Bank completes $41mn acquisition of a Texas property
Qatar First Bank (QFB) has completed a $41mn acquisition of Varsity Brands, a three story, 135,0000 square foot building in…
McKinsey: How UAE consumers are responding to Covid-19
A new survey of UAE residents by McKinsey & Company sheds light on how Emirati consumers are responding to the…
Softmills aims to invest in 3 startups as COVID-19 creates opportunities in tech: Founder
Egypt’s consulting and software development firm, Softmills, has invested in three startups so far, and is considering investing in three…
ENBD REIT hedges AED 400m facility with Mashreq Bank
The arrangement fixes the variable rate of EIBOR for two years from June 2021 Current low levels of EIBOR are…
Kuwait to transfer 2b dinars to General Reserve Fund
Kuwait’s Ministry of Finance is preparing to transfer 2.05 billion Kuwaiti dinar in liquid cash after the parliament approved a…
Bahrain's Ithmaar Holding reveals 43% drop in H1 profits
Bahrain-based Ithmaar Holding has revealed a 43 percent decrease in net profit for the first six months of the year,…
Saudi wealth fund PIF launches real estate company Roshn
Saudi Arabia's wealth management giant Public Investment Fund has launched a new real estate company to build "world-class" integrated communities…