DIFC to organise hedge fund event in May Image WAM DIFC

Dubai: DIFC, HFM partner to launch region’s first hedge fund event in May

The invitation-only event will provide attendees with insightful content sessions, interactive roundtables and integrated networking activities

Q Holding

IHC’s Q Holding revamps top leadership with new group CEO

The new management team has been brought on from Modon Properties as the group undergoes a restructuring since August last year

Saudi Exchange Tadawul launches new index to track top 50 listed companies Image tadawul

Saudi Exchange launches TASI50 Index to track top listed firms

The launch of the real-time index advances the Saudi Exchange’s goal to provide investors with enhanced benchmark opportunities to help support Saudi Vision 2030’s Financial Sector Development Program

Bahrain Steel company to receive Dhs450m SLL Image Getty images

Bahrain Steel to receive $450m sustainability-linked loan from bank consortium

The SLL’s framework incentivises Bahrain Steel to exceed mandatory greenhouse gas emissions reductions, facilitating the company’s transition toward lower carbon operations

ADX gets new chairman

Abu Dhabi: ADQ appoints new chairman of ADX, two board directors

Al Mazrouei also serves on the boards of Abu Dhabi Retirement Pensions & Benefit Fund and AafaQ Islamic Finance

Avalon Pharma to sell 30% stake in Riyadh IPO

Saudi Arabia’s Avalon Pharma plans to list 30% on Tadawul

The pharmaceutical firm said the final offer price will be determined following a January 14-18 book-building period

Remittances rise by 5%, reveals world bank report

Bucking the trend: 2024 GCC banking outlook

GCC banks’ financial performance remains resilient while they capture and benefit from the growth opportunities arising on the back of the long-term National Vision

Mukesh Ambani and Gautam Adani

Billionaire index: Gautam Adani surpasses Mukesh Ambani as India’s richest man

Adani currently ranks 12 among the world’s richest

Saudi PIF increases stake in MEPCO to 23.08%

Saudi wealth fund PIF hikes stake in MEPCO to 23.08%

The fund said the investment will enable MEPCO to expand its production, raise its operational efficiency, and support environmental sustainability

PIF-owned SRC extends refinancing deal with Alrajhi Bank - GettyImages-1667969985

PIF’s SRC extends refinancing deal with Alrajhi Bank, total value hits SAR10.8bn

The extension of this agreement is aimed at advancing the goals of the Vision 2030 Housing Program

saving - loud budgeting

Beating back Januworry: 9 ways to start saving money now

Here is a practical and step by step saving strategy designed to empower individuals on their journey to financial success

Saudi Arabia, Qatar - GCC

How world sees GCC: Region’s sovereign wealth funds on the rise

The GCC region has been named the “region of the year” when it comes to sovereign wealth funds, according to Global SWF

Saudi Arabia e visa

Saudi wealth fund PIF splashes $31.6bn in 2023

Big-ticket purchases included $4.9bn for US gaming company Scopely, $3.6bn to buy Standard Chartered’s aircraft leasing division and $3.3bn for steelmaker Hadeed

Dubai Financial Market Company

Dubai financial frenzy: Surge as investor accounts hit new record

A major uptick in investor accounts have been recorded on the Dubai Financial Market (DFM), helped by interest in the Dubai Taxi IPO

UAE introduces law to regulate short-term credit facilities

UAE sets out legislation to regulate buy-now-pay-later credit

BNPL fintech firms can provide short-term credit services upon being licenced by the central bank as restricted licence finance companies

GCC region M&A blazes trail as global deals decline

GCC region M&A blazes trail as global deals decline

The GCC region has proven to be one of the most kinetic deal markets in the world in 2023, with dealmakers expected to remain relatively active in the near future

islamic finance_ sukuks Getty images

Global outstanding sukuk market hits $823bn in Q3 2023

The growth in outstanding sukuk is attributed to several factors that are driving the issuance of Islamic bonds including issuers that seek to plug budget deficits

gratuity - pension - end-of-service

UAE’s new end-of-service benefits scheme for employees: Why should you switch?

Hear from an expert on the UAE’s newly implemented end-of-service benefits scheme

Cash deposits in UAE hit Dhs687.2bn by October-end

Cash deposits in UAE hit Dhs687.2bn by October-end

The central bank said cash deposits during the first ten months of 2023 soared by 8.12 per cent or Dhs51.6bn

BNPL startup Tamara raises $340m, now valued at $1bn

BNPL startup Tamara now valued at $1bn after raising $340m

With this transaction, the BNPL platform will have raised a total of $500m in equity funding, and well above $400m in debt financing

ADQ, Azerbaijan’s AIH form joint investment platform

ADQ, Azerbaijan Investment Holding form joint investment platform

The venture will seek and leverage investment opportunities to generate sustainable financial returns on deployed capital

Abu Dhabi bourse, CASE join hands to boost cooperation

Abu Dhabi bourse, CASE join hands to boost cooperation

The go-live implementation is expected to take place early next year and once operational, investors will gain the ability to directly trade on both exchanges through licenced brokers

How banks are leveraging the power of GenAI

GenAI is an excellent tool to improve research for faster processing of more data from a wider range of sources to support decision-making

JP Morgan identifies top considerations for investors in 2024

JP Morgan identifies top considerations for investors in 2024

The private bank said to grapple with the prospect of more meaningful inflation in 2024 and beyond, investors might first look to equities

MBC Group sets price range for IPO, seeks to raise $222m

Saudi Arabia’s MBC Group gets $14.5bn orders for IPO

The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing

UAE green bonds, sukuk issuance hit Dhs15bn

UAE green bonds, sukuk issuance hit Dhs15bn, says SCA

The country has been encouraging issuers to raise green and sustainability-linked bonds, and sukuk to accelerate its transition to a low-carbon economy

Dubai sets up fund to oversee government investments

Dubai sets up fund to oversee government investments

The newly established fund will hold stakes in entities including utility giant Dubai Electricity and Water Authority, toll operator Salik and Dubai Taxi Company

SAXO BANK OUTRAGEOUS PREDICTIONS - 2024

Outrageous Predictions 2024: Saxo Bank picks 8 global events to keep an eye out for

Looking ahead to 2024, Saxo Bank sees a world at an inflection point, with the familiar road of the last decade coming to an end

Archit Gupta, CEO of Cleartax with insights on tools to aid tax compliance KSA and GCC

Getting tax-ready: Navigating compliance in Saudi Arabia, GCC

Embracing tools such as VAT Filing Reconciliation and Assistance and Accounts Payable Automation becomes crucial to ensure efficient, accurate tax operations and compliance