#capital

UAE’s Pure Harvest Smart Farms secures funding worth $64.5m to accelerate expansion

The company operates three farms in the UAE

Abu-Dhabi

New Dhs5bn Abu Dhabi IPO fund launched to support SMEs

The fund will invest in five to 10 private companies per year

Almost 9 out of 10 UAE-based SMEs are optimistic about the next 12 months – study

SMEs across the country have identified easier access to funding, acceptance of digital payments and training and upskilling staff as the top three drivers for growth

HSBC commits $5bn for UAE businesses with global growth plans

Incentives, including green lending discounts and certifications, access to targeted growth programmes, and trade-related benefits, will be offered to businesses that meet the required criteria

Saudi wealth fund raises year’s third-biggest loan for new deals

The $400bn sovereign investor is key to the kingdom’s efforts to revive economic growth

Investment lessons: Outbound Middle East capital seeks emerging asset classes

The considerable levels of dry powder available across the Middle East is expected to target diversification opportunities and long-term higher returns

Dubai e-commerce platform Sprii goes into liquidation after failing to raise more capital

Sprii has hired Guy Wall of Grant Thornton as liquidator

Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai

The sukuk was nearly 4.5 times subscribed with a profit rate of 2.95 per cent per annum