A 70% chance for global growth in 2021, says Abu Dhabi's Mubadala
The global economy is likely to recover from this year's virus-driven recession with 5 per cent growth in 2021, according…
Hedge Funds & Alternative Investments
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SALAMA announces AED 13.65 million profit for Q1 2020
Islamic Arab Insurance Company (“SALAMA”) has announced its reviewed financial results for the quarter ending March 31, 2020, reporting a…
BlackRock sees Saudi Arabia as ‘attractive investment’ amid coronavirus fears
A senior official of BlackRock, a global investment management corporation, says that Saudi Arabia represents an attractive, resilient investment at…
Fiscal nightmare ties up Kuwait's stimulus with 40% deficit
Crisis economics gets complicated when the budget deficit could be equivalent to two-fifths of a nation’s entire output. It’s…
Etisalat CEO Al Abdooli resigns, Dowidar appointed acting chief
Etisalat Group announced on Wednesday the resignation of Saleh Al Abdooli as the group's Chief Executive Officer. In a…
EBRD and EU support small business Blessing in Lebanon
During coronavirus and Ramadan the company helps families in need With business advice from the EBRD and support from…
ICD net profit jumps 16.9% to $6.81bn in 2019
Investment Corporation of Dubai (ICD) today announced its consolidated financial results for the year ended December 31, 2019 having achieved…
Oil prices expected to recover on rising demand, hopes of pandemic fading away
Oil is gradually starting to rise as coronavirus-afflicted economies ease their closures and travel restrictions this month, with production subdued…
Abu Dhabi issues more bonds in the international market to raise cash
Abu Dhabi raised more money from international debt markets just weeks after a $7 billion bond sale as it takes…
CI Capital Holding's profit falls 17% in Q1-20
The consolidated financial statements of CI Capital Holding For Financial Investments showed a 17% year-on-year (YoY) drop in its net…
ICD reports Dh25 billion net profit, up 16.9% in 2019
Investment Corporation of Dubai, the principal investment arm of the Government of Dubai, on Wednesday reported a net profit of…
ADQ launches Dh1.1 billion venture fund
ADQ, one of the region’s largest holding companies with a diverse portfolio of major enterprises spanning key sectors of Abu…