UPDATE 2-Abu Dhabi taps debt market after Qatar's $10 billion bond sale
Abu Dhabi started marketing U.S. dollar bonds on Wednesday, a document showed, following Qatar’s $10 billion debt sale on Tuesday,…
Hedge Funds & Alternative Investments
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Qatar issues $10bn bonds in international debt markets
Qatar has issued $10bn in bonds in tranches of five, 10, and 30 years yesterday, thus becoming the first sovereign…
Dubai’s Emaar chairman takes 100% salary cut, assures employees ‘this too shall pass’
Chairman of Dubai-based property developer Emaar, Mohamed Ali Alabbar, has taken a 100 per cent salary cut, in response to…
UAE-based agtech Pure Harvest secures $100 million commitment from Kuwait’s Wafra, raises $20.6 million Series A
Pure Harvest, a UAE-based agtech business has secured a $100 million multi-stage investment commitment from Wafra, a Kuwaiti investment firm…
Stimulus measures will help GCC banks remain stable
The sharp decline in oil prices, accelerated real-estate price corrections, and drop in vital non-oil economic sectors will pressure the…
Are there any safe havens in this global market crash?
As stock market volatility looks set to continue for some time, investors can be forgiven for wanting to flee the…
Emirates NBD and Emirates Islamic jointly contribute funds to UAE Ministry of Education
Emirates NBD and Emirates Islamic have contributed AED 4 million (from their Charity Fund) to the UAE’s Ministry of Education…
QDB launches National Guarantee Program to support private sector
In implementation of the directives of Amir H H Sheikh Tamim bin Hamad Al Thani, to support and provide financial…
Asian investor cleared of laundering Dh278 million in UAE
The Ras Al Khaimah Misdemeanour Court of Appeal has cleared an Asian trader of laundering Dh278 million via three companies.…
Kuwait to borrow $6.6bln for oil projects
State-owned Kuwait Petroleum Corporation intends to borrow nearly 2 billion Kuwaiti dinars ($6.6 billion) from local banks to fund its…
Aramco unit gives $2m to help fight virus
A Saudi Aramco unit has given $2 million to aid the fight against the coronavirus. Aramco Trading Company donated…
UAE likely to see GDP growth of 2.5pc in 2020: report
The UAE's non-oil economy will likely see stagnation in the first half of 2020, according to the latest Economic Update…