The plan has faced opposition from key investors.

The Abu Dhabi Securities Exchange (ADX) has decided to embrace FTSE Russell’s Industry Classification Benchmark (ICB) for all its listed equities in order to align with global standards and attract more international investors.

Emirates NBD has taken the lead in supporting upcoming initial public offerings (IPOs) on the Dubai Financial Market (DFM) with the launch of an end-to-end IPO subscription website for individual investors. The initiative is aligned to the recent announcement by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler...

It will set up facilities along the Arabian Gulf and the Red Sea.

The forum witnessed the attendance of businessmen and owners from the Kingdom and the GCC countries and employees of the Chambers of Commerce.

From his shock detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga of former Nissan boss Carlos Ghosn has grabbed headlines worldwide.

The UAE's Department of Municipalities and Transport (DMT) said that service fees for real estate units’ owners and investors in development projects were reduced by 26.4 percent during 2020 and 2021. In 2020, the service charges were reduced by 18.1 percent, with another 8.3 percent reduction introduced in 2021. The...

Diversifying, and strengthening local production structures is the most appropriate way to reduce inflation. Entrepreneurs and start-up companies may come forward to help their respective governments in finding more sustainable development solutions. The menace of inflation cannot be managed alone.

As regional bourses aim to compete with developed markets, questions are also being raised over the state of reforms, the future of regulation in the region.

A conference that brings together Emirati investors and Israeli public companies listed on the Tel Aviv Stock Exchange (TASE) will be held in Dubai from Feb 28 to Mar 3. The conference, “Dubai Israel: Future Horizons Mission”, is collaboration between the UAE Embassy in Israel, TASE and the Dubai International...

Fully owned by Al Faisaliah Group, Tibbiyah is a leading healthcare provider in Saudi Arabia and the region.

Al-Dawaa, Saudi pharmacy chain, has raised $27 billion in equity from institutional investors after its first sale of shares to the public.

With more ESG marketing claims questioned by clients, asset and wealth management firms can no longer tout ESG without convincing evidence. The solution to this strategic challenge lies in prioritizing ESG factors for specific target clients and building an operating model that reliably quantifies the impact on those factors, they...

C3 is a UAE-based social enterprise empowering impact-driven entrepreneurs across the Middle East, Africa and Turkey.

Brazil Special Opportunities Fund I is Mubadala's first fund in Brazil.

Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage that has already sent the prices of gas, coal and crude oil soaring. At a time when global central banks are fretting over inflation rates not seen...

Bahrain has launched ‘Golden Residency Visa’ for residents and non-residents with immediate processing of the applications electronically upon meeting the prescribed criteria.

For several years, there has been a rush of investments from GCC countries into European sports. TRENDS explores the reasons that woo Gulf investors beside profits.

Several investment companies and investors interested in privatization projects attended an investor forum organized by Saudi Arabia’s National Center for Privatization (NCP) in cooperation with Riyadh Bank. The Center said that developments in the privatization system were taking place at an accelerating pace and with a high level of movement...

A total of 2,000 new companies from 106 countries registered with the Sharjah Publishing City Free Zone (SPC Free Zone) in 2021. The Free Zone said in a statement that most of these companies were from the UK, India, Pakistan, the Philippines, and Lebanon. Stakeholders in the education and publishing...

One of the pact's aims is easing access to residence visas.

A total of 13, 978 Bahraini nationals have invested in UAE public shareholding companies in 2020 and 331 licenses for various economic activities were granted to them, the UAE Ministry of Finance has said. The Ministry said on the occasion of Bahrain National Day that trade between the UAE and...

Dubai Financial Market (DFM) has announced new trading hours from 3 January 2022. The new trading session of five hours will be between 10 AM and 3 PM from Monday to Friday. The new trading window aligns with local and international financial institutions. The new trading hours will contribute to...

The new airline, Fly Aqaba, was set up with $20 million in private sector investment, said Nayef Bakhit, president of the Aqaba Special Economic Zone, quoted by Jordan's Petra news agency. Bakhit said it would start operations with two aircraft to serve Aqaba, the ancient archaeological site of Petra and...

Gulf International Bank (GIB) said on Sunday that it has closed a $625 million sustainability-linked syndicated loan (SLL), making it the first Bahrain-headquartered bank and the first majority Saudi-owned bank to close such a facility. The bank said the deal was substantially oversubscribed with commitments exceeding the initial facility amount...

Dubai police and a cryptocurrency trading firm have joined hands to make investors and traders aware of the risk of fraud while trading in cryptocurrency.

Saudi Arabia has been flooded with license applications from investors at home and abroad to invest in its mining sector. The applications have been received on the portal of the kingdom’s Industry and Mineral Resources Ministry.

The once-mighty Evergrande Group has long been the face of Chinese real estate, surfing a decades-long property boom to expand into more than 280 Chinese cities as it peddled home-ownership dreams.

Investments from UAE-based property developers helped Bahrain’s tourism sector remain buoyant during the pandemic.

DUBAI: HSBC Saudi Arabia has said it is offering the first environmental initiative investment fund in the kingdom, which will provide eligible investors exposure to renewable energy, clean transport, sustainable water management and climate change adaptation. The company said the HSBC Global Equity Climate Change Fund will provide interested customers...

The unit climbed around two percent to $50,249.15, its highest since mid-May.

Besides wooing $74 billion investments, the oil giant has helped the country gain the top position in the Middle East on Kearney's FDI index in 2021 after rising four spots globally.

Cryptocurrencies seem to be the flavor of the season as increasingly more people around the world are embracing them; sometimes even abandoning their traditional avenues like Equity, Gold, etc.

The Fund III is focused on direct investments in North America and Europe in media, sports and entertainment, consumer and food services, financial and Industrial services. Mubadala manages $9 billion of assets in third-party managed funds across its private equity, public equities and venture capital.

The net profit of the Dubai Financial Market hit AED 15.3 million in the second quarter of 2021 compared to AED 44.2 million in the corresponding quarter last year.

Tourism Development Fund, which was set up in June, says use of Oracle Cloud applications will enhance data integration, increase productivity, reduce costs.

Shuaa Capital plans to set up three blank-check companies of around $200 million each.

The funding round was led by US investor Rubix The latest capital infusion will help the firm improve its operations Online learning may not be an ideal tool to impart education, but it sure is finding investors to fund the space. Jordanian online learning management platform Edunation has raised $3...

Platform enables investors to buy security tokenized shares in world-class real estate on the blockchain It makes safe, fast, and frictionless real estate ownership possible with crypto or fiat currencies from as little as $1   Realsmart, a   fintech platform, has launched the world’s first global online platform enabling investors...

Sajan says UAE provides incentives and legislations that encourage investment and commerce Thanks UAE leadership for amending federal laws regulating businesses Rizwan Sajan came to Kuwait as an 18-year-old boy for work. But the first Gulf War forced him to return home in India's financial capital, Mumbai. He then moved...

About 150 Saudi investors and businessmen ready to invest in Egypt Saudi Arabia has opened an office of the Saudi-Egyptian Business for investment in Egypt Saudi Crown Prince Mohammed bin Salman has urged local businessmen to make investments in Egypt, Al Arabiya reported citing the Chairman of the Business Council...

The G7 powers have endorsed an agreement on a global minimum corporate tax  The UAE is one of the world's top 10 tax havens Tax advantages paired with a life of luxury have long drawn foreigners and multinationals to the UAE, which is aiming to remain attractive whether or not...

9 in 10 investors want their investments to align with their values Women, young generation want to make a difference through charitable giving With COVID-19 vaccinations accelerating and the economy re-opening, 90 percent of wealthy investors agree that the pandemic has made them want to align their investments with their...

New UAE standardization and metrology legislation will boost its industrial sector and national economy The standardization regulations will create an attractive atmosphere for local and international investors   Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, has stated that the standardization and metrology system is an...