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…
Hedge Funds & Alternative Investments
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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…
Axa partners with UAE insurtech firm on affordable protection
Insurance provider Axa has joined forces with UAE-based technology firm Democrance to improve financial inclusion and boost the development of…
Egyptian pound forecast to drop by single digit percentage
As Egypt seeks foreign funds to mitigate the impact of the global pandemic on its balance of payments, economists expect…
Impoverished Jordan holds $3bn of foreign aid in offshore accounts
Jordan has come first in a list of countries that appear to have siphoned huge amounts of foreign aid into…
QSE seen built on a strong base of profitable companies
Qatar’s Covid-19 relief package for the private sector will give visibility for the local businesses in the short term and…
Service Quality and Resilience are Key in Current GCC Environment
The GCC was, generally, very quick to react when early signs of the coronavirus appeared in the region, with a…
Saudi Arabia's PIF buying spree is vote of confidence in pandemic recovery
We should have seen it coming. Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund (PIF), told a virtual gathering…
QR75bn stimulus key to ensure sustainability of businesses: Seetharaman
Qatar’s QR75bn financial and economic incentives programme is “very important and plays a key role in sustainability of businesses and…
Bahrain's UGH subsidiary has $8.5mln exposure to agri-trader Phoenix
Bahrain’s United Gulf Holding Company revealed that its unit, FIMBANK, has $8.5 million exposure to Phoenix Commodities, an agri-trader with…
Saudi Arabia Acquires Shares Worth $7.7 Billion in World’s Major Companies
Saudi Arabia’s sovereign wealth fund has gone bargain hunting during the current economic turmoil, snapping up about $7.7 billion worth…