Amlak Finance unable to complete debt restructuring agreement
Dubai-based real estate finance company Amlak Finance has been unable to execute a debt-restructuring agreement because one of its creditors…
Hedge Funds & Alternative Investments
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Lebanon removes banking secrecy rules to fight corruption
Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption…
National banks invest AED200 million in stock markets in April
National banks invested AED200 million in local stock markets in April 2020 after stock prices reached attractive levels, an increase…
Investcorp raises $372mln to invest in Italy's NPL market
Bahrain-based, alternative investment firm, Investcorp, has closed €340 million (372 million dollars) in commitments that it plans to put into…
Virus pressure tests Saudi Arabia reforms as Aramco has Forbes debut
Saudi companies such as oil giant Aramco are displaying resilience in the face of the coronavirus pandemic because of reforms…
UAE property owners beware – Developers reclassifying projects will cost them
Property owners in the UAE must not let developers change the classification of their near-complete projects just because they have…
UAE businesses must ditch all that gloom talk
Focus into a vision from the recent past - you are in a boardroom convincing your biggest client about the…
Al Ruwad Real Estate appoints Alaa Masoud as General Manager of sales and marketing
Al Ruwad Real Estate has appointed Alaa Masoud as General Manager of marketing and sales. Alaa is an expert in…
Middle East investors urged to capitalise on Covid-19 opportunities
Investors in the Middle East are being urged to concentrate on three key areas – digital transformation, healthcare innovation and…
Kuwait MP set to grill finance minister over fund corruption
Kuwait’s MP Riyadh Al Adsani has vowed to reveal any details related to the Malaysian Fund in his question put…
Union Properties subsidiary announces $408.4m legal figh
A subsidiary of Dubai-based developer Union Properties has launched a $408.4 million (AED1.5 billion) legal action against an unnamed company…
Qatar SMEs seen continuing on ‘path of success’ after Covid-19
Small and medium-sized enterprises (SMEs) in Qatar are expected to gain from society’s gradual shift to the ‘new normal’ after…