Middle East expected to see more investment from China and east Asia, Savills says
The Middle East is expected to receive further investment from China and countries in east Asia, largely driven by funding…
Hedge Funds & Alternative Investments
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Saudi insurance firms to benefit from fewer claims, but challenges ahead
Despite a grim economic outlook, insurers in Saudi Arabia may have benefited from the recent coronavirus lockdown and are likely…
Edita subsidiary obtains $8.2mln from Arab Bank
Edita Food Industries (Edita) has announced that its Moroccan subsidiary obtained a seven-year MAD 80m loan (EGP 133.2m) from Arab…
Dubai World Fulfils Obligations to Creditors Totalling USD 18.9 Billion
Dubai World has announced the repayment of the final tranche of debt to its original creditors, completing the refinancing program…
Dubai GDP records 3.5% decline in first three months
Dubai’s GDP (gross domestic product) recorded a 3.5 per cent dip in the first three months of the year, just…
Islamic finance sector needs to unlock its long-term potential
The Covid-19 pandemic has caused significant disruption to the global economy and financial markets, including the global Islamic finance industry.…
Gulf economies to shrink by 7.6% this year, says IMF
Gulf Cooperation Council (GCC) countries will see their economies shrink by 7.6 percent this year, an International Monetary Fund (IMF)…
Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai
Saudi Arabia’s Islamic Development Bank has listed a $1.5bn sukuk on Nasdaq Dubai and will use the capital raised to…
Qatar participates in 20th meeting of GCC Committee of Capital Markets Authorities
The State of Qatar participated in the 20th meeting of the GCC Committee of Heads of Capital Markets Authorities originating…
Saudi net foreign assets rise for first time since January
Saudi Arabia’s net foreign assets rose in May, reversing three months of declines. The stockpile climbed by about SAR3bn…
APICORP issues $750mln five-year bond
The Arab Petroleum Investments Corporation has issued a $750 million five-year bond. The issuance is part of APICORP’s $3…
Japan's SMFG brokerage arm to set up office in Abu Dhabi
The brokerage arm of Japan's Sumitomo Mitsui Financial Group (SMFG) 8316.T plans to set up an office in Abu Dhabi…