Bahrain's KHCB gets shareholder approval for delisting from Dubai's DFM
Khaleeji Commercial Bank’s shareholders agreed to delist the bank’s shares from Dubai Financial Market, the Bahraini bank said in a…
Hedge Funds & Alternative Investments
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Rise, GCC’S leading FinTech platform for modest-income migrants raises seven-figure investment led by MEVP
Dubai-based Rise, a FinTech startup focusing on democratizing access to essential financial services for the modest-income migrant population in the…
Jordan finance minister says IMF approves $1.3bn reform program
Jordan’s finance minister said on Wednesday the IMF had approved a four-year, $1.3bn funding program that signalled confidence in the…
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…
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…