$1,850 potential upside target: Gold price technical analysis
Gold has been appearing increasingly bullish since last week, after bulls rallied the yellow-metal back towards the $1,930 technical area.…
Hedge Funds & Alternative Investments
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Saudi-based APICORP hires Citi, Goldman, StanChart for dollar bonds -sources
The Arab Petroleum Investments Corporation (APICORP), a Saudi-headquartered multilateral development bank, has hired banks to arrange investor meetings ahead of…
Saudi Arabia’s Public Investment Fund Acquires $500 Million Stake in Live Nation
The Public Investment Fund, Saudi Arabia’s sovereign-wealth fund, recently purchased a large stake in Live Nation Entertainment, the world’s largest…
Solidarity Fund: Dubai Islamic Bank unveils Dh120 million contribution
The Dubai Islamic Bank has announced on Saturday a Dh120 million contribution to the Community Solidarity Fund against COVID-19 launched…
Gulf bonds prove resilience amid virus-induced adversity
As investors dealt with volatility across most of its prized asset classes, Gulf bonds are emerging resilient after yet another…
UAE, Gulf states can raise billions via asset sales
Gulf nations may turn to asset sales to complement an almost $50 billion debt spree to support economies rocked by…
COVID-19 exacerbates challenges for GCC insurers' profitability and capitalisation
Insurance companies in the GCC are expected to face heightened challenges to their profitability and capialisation levels following COVID-19 outbreak…
Real estate, insurance equities drag QSE
The Qatar Stock Exchange yesterday fell below 8,500 levels, mainly dragged by real estate and insurance equities. The increased…
Contact Finance obtains first consumer credit licence from Egypt's FRA
Contact Finance has obtained the first licence to practice consumer finance activities in Egypt, according to Mohamed Omran, Chairoerson of…
Sculptor, Farallon among hedge funds readying for NMC debt talks
NMC started unravelling in December, when short seller Muddy Waters Capital alleged it overpaid for assets and understated debt …
Standard Chartered: gold prices supported by investment demand
Gold prices remain near the recent seven-year highs, with strong demand from exchange-traded products offsetting weakness in the physical markets…
UAE telco Du reports 4.8% drop in year-on-year revenues for Q1
Emirates Integrated Telecommunications Company, Du, has announced a 4.8 percent drop in revenues to AED2.99 billion for the first quarter…