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…
Hedge Funds & Alternative Investments
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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…
Lebanon set to present debt plan this week
Lebanon will begin the process of restructuring its roughly $30bn of Eurobonds with an investor presentation on March 27, despite…
EFG Hermes concludes advisory on Al Habib Group’s $700 million IPO
EFG Hermes, a leading financial services corporation in Frontier Emerging Markets, has announced that its investment banking team had successfully…
UAE FinTech platform Rise raises over $1 million for GCC expansion
UAE FinTech platform Rise, which offers financial products and services for modest-income migrants, raised over $1 million (Dh3.67m) to expand…
Barclays cuts 2020 crude forecasts by $12 on virus, OPEC+ deal collapse
Barclays on Tuesday slashed its oil price forecasts for 2020, citing considerable downward pressure on the market from a Saudi-Russian…
Khalifa Foundation receives donation from Dubai Islamic Bank
The Khalifa bin Zayed Al Nahyan Foundation received a AED1.2 million donation from Dubai Islamic Bank, to support its efforts…
The Decline and Fall of the Gulf's Oil Empire Is Looming
For much of the world, oil wealth is a curse. Endowed with ample reserves of hydrocarbons, the likes of Nigeria,…
New Report Exposes Nigerians Owning Property in Dubai
The Chairman, Progressives Governors Forum, Alhaji Atiku Bagudu, a lawmaker representing Enugu West Senatorial District, Senator Ike Ekweremadu and former…
Taking Care of Your Mental Health in the Face of Uncertainty
Human beings like certainty. We are hard-wired to want to know what is happening when and to notice things that…
Amir orders $150mn aid to Gaza Strip
His Highness the Amir Sheikh Tamim bin Hamad al-Thani directed Sunday to provide a $150mn financial support to the Palestinian…