Malabar Gold & Diamonds Nasdaq Dubai

Malabar Gold & Diamonds joins Nasdaq Dubai’s Private Market

Malabar Gold & Diamonds currently generates an annual turnover of $4.51bn through a network of over 260 outlets and 14 wholesale units

Saudi non-oil economy rebounded to 2.9% growth in first quarter

In the first quarter, Saudi Arabia’s non-oil economy grew at its fastest pace since 2019

Saudi wealth fund makes senior hires, including Goldman banker

Goldman banker Eyas AlDossari will head investment advisory within the MENA Investments Division of the fund

Saudi wealth fund PIF leads investment in $800m Middle East infrastructure fund

Aberdeen and Investcorp announced the fund two years ago with a view to channel investment into the Middle East’s health care, education and utilities industries

Bal Krishen CEO and chairman Century Financial

Cover story: Why the chairman of UAE’s Century Financial feels its all about the journey, not the destination

It’s not just the view at the top that the company’s chairman and CEO Bal Krishen enjoys, but also the journey of reaching there

Emirates Development Bank

Abu Dhabi’s Emirates Development Bank closes $750m five-year bond

This was the second USD transaction issued under EDB’s $3bn Euro Medium Term Note programme

Emirates-NBD

Emirates NBD lists $750m bond on Nasdaq Dubai

Emirates NBD the largest financial services bond issuer on Nasdaq Dubai through seven listings with a total value of $5.1bn

Saudi wealth fund appoints deputy governors to spur growth

The PIF has made several high-profile investments in recent years

ADIB partners with Visa to unveil UAE’s first biometric authentication solution for e-commerce

Once implemented, ADIB customers can authenticate their e-commerce transactions by using their mobile application biometric authentication

Saudi Aramco

Aramco starts debut sale of dollar-denominated Islamic bonds

The firm is raising cash to help finance its plans to pay out $75bn in dividends

UAE reports 2,205 Covid-19 cases, 2 deaths

The nationwide case count has risen to 587,244

UAE Central Bank unveils portal to anonymously report misconduct

The CBUAE said that anyone can voice their concerns around misconduct without any fear of reprisals

Oman is planning a second debt sale in 2021 with dollar sukuk

Oman successfully tapped the international debt market in January, raising $3.25bn

Shailesh Dash

How investing in big tech stocks can counter market volatility

Tech growth stocks continue to offer opportunities for investors due to their strong future potential, states entrepreneur and investor Shailesh Dash

Dubai-based Opontia raises $20m to acquire MENA e-commerce brands

Opontia was launched in March 2021

UAE federal bank planning second-ever sale of dollar debt

The money would go toward supporting companies in sectors considered a priority for the economy

UAE startup Pawame secures $2.5m, launches $5m Series A round for expansion in Africa

Pawame offers a portfolio of solar home systems in remote areas of Kenya on a micro-financed basis

Saudi bottled water company is said to join list of IPO hopefuls

The IPO could add to a string of listings in Saudi Arabia

Bahrain in talks with banks for bond sale in second half of 2021

The nation last tapped the international debt market in January

Abu Dhabi Ports

ADX lists $1bn bonds issued by Abu Dhabi Ports

The exchange’s market capitalisation increased 27 per cent during the first quarter of 2021 to Dhs940bn

Emirates Development Bank, Commercial Bank of Dubai

Emirates Development Bank, Commercial Bank of Dubai sign MoU for SME lending programme

CBD can offer up to Dhs10m financing to an SME, and 50 per cent of the facility amount will be either guaranteed or co-lent by EDB

Abu Dhabi’s ADQ is said to eye stake in top Egyptian dairy firm

Deliberations are in the early stages and there’s no certainty ADQ will proceed with any transaction

Investcorp to delist from Bahrain Exchange after nearly 40 years

The delisting, which is still subject to regulatory approvals, is expected to be completed in the next month

Liquid assets in UAE banks increase to Dhs486.58bn in Q1 2021

Liquid assets accounted for 15.9 per cent of the total assets by the end of the reference quarter

Abu-Dhabi

Emirates Stallion Group lists on ADX Second Market in the UAE

Established in 2006, ESG is present in 12 markets and had assets of Dhs537m as of the end of Q1 2021

joshua jahani

Trends that will govern the regional wealth management space

Joshua Jahani, managing director of investment bank Jahani and Associates (J&A), provides an overview of the current wealth management landscape and evolving trends

Sherif M Salem, CIO – Public Markets at Chimera Capital

Why you should consider investing in UAE-listed ETFs

Amid rising interest, the future of exchange-traded funds within the region looks promising, opines Sherif M Salem, CIO – Public Markets at Chimera Capital

Dubai Coin cryptocurrency was never approved by any official authority

Dubai Media Office clarified that the website promoting the coin is an elaborate phishing campaign

Crypto can be ignored as a fad, Danish central banker says

Central bankers from China to Sweden are already working on their own digital currencies in response to the falling use of cash

Iran bans Bitcoin mining, echoing China, after blackouts

The ban is effective immediately and will last until September 22