Saudi Arabia creates new tourism, sports, investment ministries
Saudi Arabia announced on Tuesday the creation of three new ministries, for tourism, sports and investment, according to royal decrees…
Hedge Funds & Alternative Investments
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Bahrain's GFH lists $300 sukuk to support expansion plans
Jassim Alseddiqi, chairman of Bahrain-based GFH Financial Group, on Tuesday rang the market opening bell at Nasdaq Dubai to celebrate…
Bahrain’s Investcorp acquires two US properties for $164m
Bahrain investment firm Investcorp has acquired two residential properties in South Florida for $164m. The most recent acquisition has…
Qatar First Bank 'successfully exits' Shariah-compliant aviation deal
Qatar First Bank has announced the 'successful exit of a Shariah-compliant aviation deal, along with its investors, through the sale…
Qatar Foundation helps to grow the game of golf in Qatar
The Education City Golf Club, for the first time ever will host the Commercial Bank Qatar Masters in March and…
Egypt’s microfinance balances jump 47% in 2019
The value of microfinance balances in Egypt rose by 47% year-on-year during 2019, head of the Egyptian Microfinance Federation, Mona…
Incolease’s profit drops 13% in 2019; dividends proposed
The International Company for Leasing (Incolease) reported a 13.4% year-on-year decrease in its net profits during 2019. The company’s net…
Saudi Aramco launches largest shale gas development outside US
Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and…
SICO appointed as Bahrain receiving agent
SICO BSC has announced that it has been mandated by Kuwait Finance House K.S.C.P. (Kuwait Finance House K.S.C.P.5) as Bahrain…
KEC International buys tower making units in Dubai to expand Middle East operations
RPG Enterprises' infrastructure company KEC International has acquired a transmission tower manufacturing facility with a capacity of 50,000 tons a…
Sri Mulyani invites Saudi Arabia to invest in Indonesia’s sovereign wealth fund
Finance Minister Sri Mulyani Indrawati hopes to get Saudi Arabia on board to invest more in Indonesia, particularly through the…
Bank Audi Assembles $210 Million for Capital Increase
On February 20, 2020, Bank Audi S.A.L. raised more than US$ 210 million in cash. The Central Bank of Lebanon…