Kamco's assets under management surpass SAR 1bn.

Washington, United States -- The International Monetary Fund said Tuesday that it has reached a deal with Egyptian authorities allowing the country access to about $1.2 billion. The funding access is subject to executive board approval. "The Egyptian authorities have continued to implement key policies to preserve macroeconomic stability, despite ongoing...

At the COP29 talks in Azerbaijan, developing nations are demanding a bigger commitment from historic polluters most responsible for warming, but rich countries insist that massive financial pledges are not politically realistic. In a draft text revealed hours before two weeks of fraught bargaining were set to end, Azerbaijan said...

MOSCOW, RUSSIA – The Telegram is valued by potential investors at more than US$30 billion, the co-founder of the social network Pavel Durov said. The US$30 billion valuation was made by global technology funds in particular, Durov said in an interview with The Financial Times. “Generally speaking, we see value...

The collaboration is expected to boost private sector in Qatar.

Riyadh, Saudi Arabia - The total market value of the primary Saudi stock market, represented by the All Tadawul Share Index (TASI), has reached an impressive SR11 trillion ($2.97 trillion). This valuation encompasses shares from 231 listed companies and funds currently actively traded in the market. An analysis of the...

It is an antitrust settlement made public recently.

RIYADH, SAUDI ARABIA -  Awaed Alosool Capital announces the launch of the Awaed platform, revolutionizing investment opportunities in public listed companies. Awaed Alosool unveils an innovative platform dedicated to empowering individuals in Saudi Arabia with seamless access to Sharia compliant investment in various financial instruments, including investment funds and stock markets.Awaed...

Saudi Arabia's sovereign wealth fund is to buy 10 percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub leaves Qatar as its biggest shareholder. Ferrovial said it was offloading its 25 percent stake for nearly US$3 billion, with the other 15 percent going to...

Shortly after her dismissal by the internationally recognized government in Tripoli, Amel Jerary, whose detention was ordered by the country's prosecutor general over alleged corruption, was questioned about "administrative and financial abuses" allegedly used to "obtain illicit material advantages by illegally seizing public funds".

The company acquires 51 percent stake in First Fix.

Days after thousands of people took to the streets in the Kurdistan region over unpaid civil service salaries which they blamed on Baghdad, the federal government said it would disburse annually to Iraqi Kurdistan two trillion and one hundred billion dinars to be paid in three equal installments of more...

The new set of conditions brought in by the finance ministry look to shore up the integrity of the corporate tax system in order to boost the UAE's appeal as an investment haven.

IDB will fund renewable projects by joining ETAF platform.

Baghdad, Iraq-- An advisor to Iraq's Prime Minister said the country has effective price monetary policy tools to manage public funds. Mudher Muhammed Salih, the advisor to the Prime Minister for Financial Affairs, emphasized the effectiveness of quantitative and price monetary policy tools in managing public funds and discussed factors...

PARIS, FRANCE -  More than 6,500 people have been arrested following the 2020 dismantling of EncroChat, an encrypted communications tool used by organized crime, Europol said on Tuesday. Close to 200 of the arrests were of "high-value targets", said the organization that assists EU members in international investigations, adding that nearly...

The United Nations said it was planning for an outflow of 860,000 people from conflict-torn Sudan, adding that $445 million would be needed to support them just through October. The UN refugee agency said in a statement that it had presented its appeal to donor countries earlier in the day.

Riyadh, Saudi Arabia--Alistithmar Capital has joined hands with Safa Investment Co. to set up several real estate funds worth around $292.9 million.    The two companies will combine their strength to enable Saudi Arabia's growth in the real estate sector through funds that target the residential space in main cities with...

The group's Q3 loss coincides with a slump in the tech sector.

Supply of diesel to Europe from the US and the emerging refinery hub in the Middle East may make up some of the missing barrels from Russia, but a shortfall seems likely, not least considering the prospect for a strong recovery in China leading to lower export quotas, he adds.

The World Health Organization appealed for US$2.54 billion for its work in 2023 to help millions of people facing health emergencies around the world. WHO said that it was currently responding to an unprecedented number of intersecting health emergencies. It pointed to the health impacts of conflicts in Ukraine, Yemen,...

Iraq's prime minister said the country's central bank governor had been relieved of his duties as the local currency continues to fall against the dollar. "The central bank governor's request for discharge was approved, as was the request for retirement by the president of the Trade Bank of Iraq," Prime...

Overall, the two Gulf countries will continue to be major beneficiaries of the inflow of funds this year, says Nazar Musa, CEO of PRO Partner Group.

DUBAI, UAE - A Dubai court Thursday authorized the extradition of a British national wanted over an alleged 1.7 billion euro tax fraud in Denmark, the suspect's defense team said, ahead of a further ruling by a higher court. Hedge fund trader Sanjay Shah was arrested in Dubai in June,...

The World Health Organization called for more funds to help overcome towering challenges in the battle against malaria, which continues to kill hundreds of thousands of mainly African children each year. It warned that the world was currently "off track" to reach its goal of reducing malaria cases and deaths...

Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian ambassador to the UAE Antoine Delcourt tells TRENDS

Egypt and International Monetary Fund have reached a staff-level agreement on the economic policies to be supported by a 46-month arrangement under the Extended Fund Facility, IMF Mission Chief for Egypt Ivanna Vladkova Hollar said.

Bank raised US$325m from its stake sale of Spanish firm.

Post pandemic, startups, SMEs, and entrepreneurs must adopt a new mentality to scale their enterprises and survive, says Awfa Mustafa, CEO of Najahi Events.

The kingdom will need an investment of $35.6bn for nearly 20,000 new hospital beds by 2030, according to Colliers. High land costs can be an impediment to realizing the goal.

The funds are Shariah-compliant and fully fungible exchange-traded funds.

The fund will offer venture debt tools to startups and SMEs.

Careem, the vehicle-for-hire firm, has set its sights on raising some $500 million from investors, including regional sovereign wealth funds.

Sovereign wealth funds across the world invest trillions of dollars into real estate, bonds and other assets. TRENDS takes a look at some of the biggest wealth funds in the Gulf region.

Yemen has been devastated by a civil war between the Saudi-backed government and Iran-backed Huthi rebels since 2014.

The kingdom's sovereign wealth fund is critical to its economic goals as it channels returns from foreign investments into non-oil sectors in a bid to diversify the economy.

The United Arab Emirates and Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the former to invest in a variety of high-yielding financial products, according to media reports.

The Saudi Capital Market Authority (CMA) intends to double the $213 billion funds under its management.

The scheme allows them to manage properties from outside the country through law firms or realtors.

The IMF is expected to complete a $650 billion allocation of Special Drawing Rights, the fund’s unit of exchange based on dollars, euros, yen, sterling and yuan, on Monday, to its 190 member countries in proportion to their shareholdings in the fund.