Are you set for retirement? Image Getty Images

Insights: What you should consider when planning your retirement

We explore how private markets can boost your retirement portfolio

Saudi Arabia’s PIF, Bahrain Mumtalakat to boost cooperation, investment

Saudi Arabia’s PIF, Bahrain Mumtalakat to boost cooperation, investment

The agreement aims to expand cooperation between the two parties and enable new and promising investment opportunities in Bahrain

Deloitte

Deloitte ME Growth Leader on Neo Banks, Saudi’s new regional office

We sat down for a chat with Deloitte on the sidelines of LEAP 2024 to know about their focus areas for the year ahead

Investcorp leads Salla’s pre-IPO funding round

Bahrain’s Investcorp leads Salla’s $130m pre-IPO funding round

The fundraising had the participation of Sanabil Investment, a unit of Public Investment Fund, venture capital firm STV, and Salla’s existing shareholders

Bitcoin surges past $68,000, in sight of record high

Bitcoin soars above $68,000 as it nears 2021 all-time high

The cryptocurrency has gained 50 per cent this year amid a surge in inflows into US-listed bitcoin funds

Dubai’s Parkin seeks to raise up to $429m from IPO

Dubai’s Parkin sets IPO price range of up to Dhs2.1 per share

The company will offer around 25 per cent stake, in the emirate’s first privatisation deal this year, giving it an overall valuation of up to Dhs6.3bn

Bitcoin breaches $64,000 as records beckon

Bitcoin bounces beyond $64,000 as records beckon

The cryptocurrency has gained 50 per cent this year and most of the rise come in the last few weeks where trading volume has surged for US-listed bitcoin funds

Hedge fund. - Sanjay Shah

British trader gets 8 years in prison in Sanjay Shah’s Danish tax fraud case

The case sets the stage for the upcoming trial of British hedge fund trader Sanjay Shah, the main suspect in the “cum-ex” trading scheme

SNB Capital launches fund with a focus on oil and gas

Saudi Arabia’s SNB Capital launches $230m oil and gas fund

The transaction creates a unique opportunity to acquire a large-scale portfolio with a production capacity of 600,000 barrels of oil equivalent per day

FAB targets Dhs300 million in revenue from China by 2026

Abu Dhabi’s FAB to triple revenue from China operations by 2026

The bank opened its fully licenced branch in mainland China in 2022 and grew its business there by 50 per cent in 2023

Abu Dhabi’s Mubadala to invest in space tech, AI this year

Mubadala plans to invest in space tech, AI this year

Khaldoon Mubarak told an investor conference that sovereign funds had an opportunity to transform from asset investors to enablers of global progress

DIB reports profit of 2.7 bn in h1 2022

DIB raises $1bn for ESG projects with 3rd sustainable sukuk

The sukuk marks the lowest-ever credit spread achieved by DIB and the largest sustainable issuance by a regional financial institution in nearly a year

Olam Group delays listing agri unit on Saudi Exchange again

Olam Group’s Singapore-Saudi dual IPO plan for agri unit delayed again

The company said the delay was due to the regulatory framework still being finalised in Saudi Arabia to enable the listing of foreign companies

WealthArc solution for wealth managers Image supplied

New AI tool targets helping GCC wealth managers

This solution leverages advanced neuro-symbolic AI to offer family offices and wealth managers a new level of control and understanding of their data

UAE unveils Dhs10,000 fine for late corporate tax registration

Stiff Dhs10,000 fine announced for UAE corporate tax dodgers

The penalty was implemented to prompt taxpayer compliance with tax laws through timely corporate tax registration

Qatar investment authority launches $1bn VC fund image courtesy- Qatar news agency

Qatar Investment Authority’s new $1bn VC fund to boost startup ecosystem

The fund aims to close the current funding gap that exists for local and regional entrepreneurs

DIFC’s five-year innovation strategy for financial services

UAE’s great grey list escape: A ‘gradual thaw rather than instant spring’

The grey-list exit will increase the international community’s confidence in the country’s financial services sector

Binghatti marks successful $300m sukuk issuance

Dubai’s Binghatti celebrates successful $300m sukuk issuance

The issuance marks the first real estate benchmark US dollar-denominated sukuk from the MENA region in 2024

UAE makes $35bn FDI investment in Egypt-GettyImages-520265584-e1703142282632

UAE’s mega $35bn deal marks largest FDI in Egypt’s history

The project is expected to create significant job opportunities, attract further foreign investment, and contribute to the North African country’s tourism and economic growth potential

UAE exits FATF’s ‘grey list’ amid reforms

An exit from the grey list marks a swift turnaround for the UAE, which was initially added to the list of jurisdictions under increased monitoring in March 2022

Global debt tops $313tn in 2023, says IIF

Global debt hits new record high at $313tn in 2023, says IIF

India, Argentina, China, Russia, Malaysia and South Africa registered the largest increases, signalling potential growing challenges in debt repayments

TECOM Group’s in5 startups post 25% funding growth in 2023

Funding for startups at TECOM Group’s in5 surges by 25% in 2023

in5 has incubated about 900 startups since its inception, and its tech-focused vertical is currently home to 270 active startups

Saudi Arabia mulls follow-on share offerings framework

Saudi Arabia considers regulatory framework for follow-on share offerings

The framework would be a process that is governed and regulated and a catalyst for increasing the free float of listed companies

Binghatti branded residence

Dubai-based developer Binghatti to debut US Dollar bond offering

Investor meetings are scheduled to start from February 20 and will be followed by a benchmark-sized US dollar-denominated unsecured Sukuk offering

Saudi Arabia posts 2023 budget deficit of $22bn

Saudi Arabia’s GDP has ‘nearly doubled’ since 2016

Saudi Arabia’s Minister of Investment, Khalid Al-Falih shared these milestones at the third Saudi Capital Market Forum in Riyadh on February 19

How GCC sovereign funds are accelerating growth

Why GCC wealth funds are becoming engines of regional growth

Sovereign funds in the GCC region are key to their respective governments’ national development plans and contribute to deploying national wealth in strategic sectors of interest

DIFC company registrations surge by 34% in 2023

DIFC says company registrations rose by 34% in 2023

The financial hub said 1,451 new companies commenced operations in the centre last year, the highest number of new registrations in 20 years

Why the UAE is emerging as the preferred wealth hub for HNWIs

Here’s why the UAE is attracting more high-net-worth individuals

Yves Bruggisser, equity partner and Head of Zone Middle East Pictet Wealth Management tells us that the UAE is at the heart of a networking hub that attracts innovation and ambition

Emirates NBD introduces Dhs9-prize draw for customers -GettyImages-630846210

Emirates NBD’s Dhs9m prize draw encourages savings

Three customers depositing at least Dhs500,000 into their current or savings accounts have the opportunity to win Dhs1m each

Alpha Dhabi’s annual profit surges to Dhs13.3bn

IHC’s Alpha Dhabi posts Dhs13.3bn in full-year net profit

The group’s balance sheet remains resilient with Dhs140.4bn in assets and a strong cash position of Dhs20.2bn