UAE central bank's foreign assets surge to Dh750b
The Central Bank of the UAE has said it boosted its foreign assets by more Dh176 billion within a year…
Hedge Funds & Alternative Investments
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Saudi Re completes the sale of its stake in Probitas for £123mln
Saudi Reinsurance Company "Saudi Re" has completed all procedures for the sale of its entire 49.9% stake in Probitas Holdings…
Türkiye's wealth fund reportedly exploring stake sale in Turkcell
Türkiye’s sovereign wealth fund is reportedly weighing whether to sell its 26.2% stake in Turkcell, the country’s biggest telecommunications operator,…
UAE Virtual Asset Ecosystem
Virtual Assets in the U.A.E. have been classified as fully regulated, by the U.A.E. Ministry of Economy – Anti-Money Laundering…
Riyadh ranks among the top 15 fastest-developing cities, sole among Asian cities in Savills Growth Hubs Index
Riyadh has emerged as one of the top 15 fastest-growing cities by 2033, according to the Savills Growth Hubs Index…
PG Real Estate unveils bold AED 1bln investment plan
PG Real Estate, a part of the renowned Pure Gold Group, today announced an ambitious plan to invest AED 1…
Saudi private sector workforce surges above 11.4m – official figures
Private sector employment in Saudi Arabia reached 11.4 million by the end of June, marking a 1.24 percent increase from…
Exits Mena announces strategic JV to expand Saudi operations
Exits Mena, a premier fintech arrangement platform for startups and small and medium-sized enterprises (SMEs) in the region, has announce…
UAE raises $1.8bln in bids for Q3 2024 Islamic bonds
The UAE has attracted AED 6.76 billion ($1.8 billion) in bids for its bonds under the Q3 2024 sukuk programme.…
Allianz Egypt appoints Charles Tawdros as new CEO of the Group
Allianz Egypt has announced the appointment of Mr. Charles Tawdros as the new CEO. This strategic decision reflects the company's…
Saudi SME Bank drives economic growth with $267m disbursed since inception
Saudi Arabia’s Small and Medium Enterprise Bank disbursed SR1 billion ($267 million) between its launch in December 2022 and January…
Financial Services Group GSB launches debt and equity capital markets division: GSB Capital
Financial services group GSB has launched GSB Capital, a new division focussing on debt and equity capital markets for its…