QSE gains 28 points mainly on buying interests in banks and industrials stocks
Snapping four days of bearish run, the Qatar Stock Exchange on Thursday gained 28 points mainly on the back of…
Hedge Funds & Alternative Investments
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Kuwait Wins MSCI Upgrade to Emerging Market Starting in 2020
MSCI Inc. will add Kuwait to its main index tracking stocks in emerging markets next year, once some trading mechanisms…
Saudi extends gains while most Gulf markets drop
Saudi Arabia’s stock market rose on Wednesday, lifted by Advanced Petrochemical, while political concerns continued to weigh on most other…
Oman's Ominvest unit acquires stake in EastBridge to expand in SE Asia
Ominvest’s fully-owned subsidiary Jabreen Capital has entered into an agreement with EastBridge Partners Singapore to expand its private equity footprint…
Dubai’s ICD achieves record revenues of Dh232.4b, increase of 15.7%
The Investment Corporation of Dubai has announced its consolidated financial results for the year ended December 31, 2018, achieving record…
NRB Bank re-elects chairman
Mohammed Mahtabur Rahman has recently been re-elected chairman of NRB Bank. After completing his education, Rahman pursued a career…
UAE extends long-term visas to high earning execs
The UAE has said foreign executive directors will be eligible for long-term residency permits if they earn a monthly salary…
Dubai's sovereign wealth fund posts record $63bn revenue in 2018
Investment Corporation of Dubai, the emirate’s sovereign wealth fund with holdings in companies such as Emirates airline and Emirates NBD,…
Bahrain's VCBank expands US property portfolio
Venture Capital Bank (VCBank) has acquired Glenbridge Manors in Cincinnati, US, for a total transaction value of $57 million. …
UAE's Federal Credit Insurance Company signs MoU with South African's Export Credit Agency
At the recently held South Africa-UAE Forum organised by the UAE Ministry of Economy, Etihad Credit Insurance, the UAE Federal…
Blackstone raises more than $12bn for Saudi-backed infrastructure fund
Blackstone Group is set to close on more than $12 billion for its debut infrastructure fund, anchored by money from…
Abu Dhabi Financial Group Agrees to Merge With Dubai's Shuaa
Abu Dhabi Financial Group agreed to a reverse merger with Shuaa Capital PSC that will create an investment bank managing…