Nakheel cuts salaries as pandemic hits Dubai retail and real estate
Dubai property developer Nakheel has cut salaries by as much as half as the pandemic hits Dubai property developers and…
Hedge Funds & Alternative Investments
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Habayeb named Senior VP of GE and President & CEO of Global Growth Organization
Nabil Habayeb, GE’s President and CEO for the Middle East, North Africa and Turkey, has been named Senior Vice President,…
Investcorp forms JV with Tages Group to create investment platform with $6bn in assets
Investcorp, a Bahrain-based investment firm, formed a joint venture with European alternative asset manager, Tages Group, to create a global…
QCB to encourage venture capital financing, start-up development: Sheikh Abdull
The Qatar Central Bank’s second strategic plan involves setting up policies that encourage the deepening of venture capital financing and…
Abu Dhabi sets up Dh550m fund to help out local exporters
The Abu Dhabi Exports Office is setting up a Dh550 million fund to support the export sector, by helping out…
Middle East development banks shell out millions in trade finance relief
The Arab Petroleum Investments Corporation has launched a new US$500mn package to support the energy industry in the Middle East,…
London property sales intact for Middle Eastern investors: Knight Frank
The COVID-19 clauses and growth of owner-occupiers keep London property sales intact for Middle Eastern and global investors. The…
Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies
Weakening of US dollar could increase demand for gold in other currencies “Against a global backdrop characterised by risk…
Qalaa Holdings moves to losses in 2019
Qalaa Holdings announced turning to losses during 2019, the consolidated financial statements showed. The company incurred net losses of…
SABIC cuts capital expenditure after Q1 losses
Saudi Basic Industries Corporation suspended most of its capital expenditure after recording losses of SR950 million ($203.9 million) in the…
Saudi Arabia’s Monshaat holds online sessions to support SMEs during pandemic
The General Authority for Small and Medium Enterprises (Monshaat) on Monday said that viewership of the virtual sessions it has…
IMF chief says had 'productive' call with Lebanon on its recovery plan
The head of the International Monetary Fund said on Monday she had a “productive” discussion with Lebanese Prime Minister Hassan…