Qatari sovereign fund-backed Barwa to sell 24% stake in Al Imtiaz Investment Group
Qatar’s Barwa Real Estate is looking to sell its stake in Al Imtiaz Investment Group Company, a public joint stock…
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Abu Dhabi ADX says could see first SPAC listing this year
The Abu Dhabi Securities Exchange (ADX) could see its first SPAC listing this year following the approval of a regulatory…
Saudi FinTech start-up Lean raises $33m to expand its operations
Saudi Arabian FinTech Lean Technologies has raised $33 million in its latest funding round that will allow the company to…
Turkey, UAE Sign FX Swap Deal Worth $5 Billion
Turkey signed a $4.9 billion currency swap agreement with the United Arab Emirates, boosting dwindling foreign-exchange reserves depleted by the…
Two new firms to join Saudi Exchange’s parallel market on Tuesday
The Kingdom’s stock market is to see two new company listings on Tuesday, Jan. 18, the Saudi exchange, Tadawul, announced…
Turkish central bank seen to halt easing after currency fall
Turkey’s central bank is expected to hold its policy rate steady at 14% next week, a Reuters poll showed on…
Saudi Wealth Fund Plans to Buy $10 Billion in Stocks in 2022
Saudi Arabia’s sovereign wealth fund is planning to plow deeper into public markets this year by investing about $10 billion…
MENA economies post strong recovery in H2 2021, to accelerate in 2022: World Bank
Economic growth in the Middle East North Africa (MENA) strongly recovered in the second half of 2021 and is poised…
Afreximbank and the National Bank of Egypt commit to drive investments and enhance trade in the country
African Export-Import Bank and the National Bank of Egypt has signed a Memorandum of Understanding to promote trade and investment…
Saudi main index opens higher amid stronger market sentiment: Opening bell
The main Saudi stock exchange started the day in positive territory for the fourth consecutive day as investors were buoyed…
Promising outlook for global Sukuk market following robust 2021
Fitch Ratings-Dubai : “Growth will be anchored by robust Islamic investor appetite, funding diversification goals, and Islamic-finance development agendas in…
Chimera Capital LLC launches Shariah-compliant exchange traded fund tracking the S&P Saudi Arabia Shariah Index
Chimera Capital LLC has announced the launch of its Chimera S&P KSA Shariah Compliant Exchange Traded Fund (Bloomberg: CHSASHIN), a…