Gulf dollar bonds rally as global markets rebound
Gulf bonds posted further gains on Wednesday as global markets rebounded on news of a $2 trillion U.S. fiscal stimulus…
Hedge Funds & Alternative Investments
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UAE banker to open investment management venture
Skycap Investment Management has been soft-launched in the UAE by its founder and chief executive Saikat Kumar. From its…
Covid-19: Saudi delivery app raises funds as virus lockdown boosts demand
A grocery delivery app in Saudi Arabia has raised funds to expand across the Middle East as lockdown measures related…
$6.6 billion – NMC Health's total debt as of now
The UAE's biggest hospital operator, NMC Health, will need to pay off $6.6 billion to lenders and not around $5…
Global economies open cash taps and hope
Evidence of the devastation wreaked on the global economy by the coronavirus pandemic mounted on Tuesday as activity surveys for…
Abu Dhabi exchange ADX turned into a public joint shares company
The Abu Dhabi Securities Exchange has been converted into a public joint shares company owned by the state holding company…
Egypt to pay pensioners five allowances
Egypt’s public treasury will afford the cost of paying EGP 35 billion worth of the five allowances to pensioners this…
Eventus Systems Establishes Presence in Europe with First Key Hire in London
Eventus Systems has announced that Roger Chandler has joined the firm in London as Senior Sales Engineer, Europe. The move…
OIII3Bank debuts in Dubai, begins operation in April
All is set for OIII3 Bank to kick-start operation in Dubai, United Arab Emirates in April 2020. OIII3 Bank…
Investor becomes shareholder in Xinja Bank
A Dubai-based investment company has become a 20 per cent shareholder in Xinja Bank after investing $433 million in the…
FAB provides laptops worth AED 5m to students to support distance learning
First Abu Dhabi Bank, FAB, has partnered with the Ministry of Education to support its distance learning platform. The…
Emirate of Sharjah lists US$200 million Sukuk on Nasdaq Dubai
The Emirate of Sharjah has listed a US$200 million Sukuk on Nasdaq Dubai, bringing the total value of Sukuk listed…