Dubai’s Foundation Holdings boosts Saudi healthcare portfolio

The healthcare and education investment firm acquired 51 per cent of Shifa Al Munthaza Polyclinic

Mubadala’s satellite group Yahsat IPO raises $731m

The IPO gives Yahsat a market value of about Dhs6.7bn

Mashreq Bank Emirates Development Bank

Emirates Development Bank inks MoU with Mashreq for SME credit guarantee programmes

Mashreq will offer financing of up to Dhs10m to SME customers, of which 50 per cent will be guaranteed or co-lent by EDB

Arcapita sells branding firm Stratus at $450m value

Stratus was acquired by Arcapita in late 2017 and its enterprise value has since tripled

Emirates Development Bank

Emirates Development Bank lists $750m bond on Nasdaq Dubai

Dubai’s US-dollar denominated debt listings are now valued at $98.5bn

coronavirus saudi arabia

Saudis may work longer, pay more to fill pension fund gap

The average Saudi life expectancy is 75 years, and the official retirement age is about 60 for men and women

Dubai’s Emirates launches new payment solution in partnership with Deutsche Bank

Emirates Pay is an alternative method for travellers to pay for air tickets purchased online by directly debiting their bank account

Ajman Free Zone

RAKBANK agrees MoU with Ajman Free Zone for SME financing

RAKBANK will offer SMEs and larger businesses based in free zone easy access to account opening services, loans, and credit facilities

Aldar properties abu dhabi

Aldar Properties becomes MENA’s first real estate company to secure sustainability-linked loan

Aldar will invest a fixed amount in one or more ESG projects if it does not reach agreed annual targets

World’s oldest wealth fund swells to record and cracks the top 3

The Future Generations Fund, managed by Kuwait Investment Authority, has risen to a record of about $700bn

Global credit: Hedging bets on the recovery

Security selection will be particularly important within high yield

Understanding the impact investment mindset

Investments in companies that prioritise social and environmental objectives perform as well financially as traditional investments

Standard Chartered opens first branch in Saudi Arabia

The move widens the services Standard Chartered can offer in the country

Shailesh Dash

Phi Trends: Here’s what investors can anticipate for the rest of 2021

2020 has clearly depicted that investors must focus on prioritising companies with sound business models, writes entrepreneur and investor Shailesh Dash

Panasonic sells its entire stake in Tesla to raise cash

Proceeds will be used for investing in future growth

Bitcoin leads broad crypto rally after defense of $30,000 level

The digital currency had reached a record near $65,000 in mid-April

eyewa

UAE startup eyewa raises $21m in Series B funding round

Eyewa aims to take its e-commerce model and expand into brick-and-mortar retail operations at key locations in the region

IHC becomes UAE’s most valuable company after unit list

Alpha Dhabi traded as high as Dhs20 in a direct listing

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

Wealth management of tomorrow: Emerging trends within the regional landscape

Global trends of investing with purpose have been reflected regionally as well

Why now is the time for banks to strategically review their IT spend

To deliver the future of banking, managing IT spend needs a new approach

Deutsche Bank partners with Oracle to accelerate its digital transformation

The two companies have also agreed to form a joint innovation partnership

Subsidiary of Abu Dhabi’s International Holding Company to list on ADX

The company has Dhs10bn in paid-up capital

Qatar’s wealth fund says crypto needs to mature after wild ride

Bitcoin has lost more than 50 per cent from its mid-April high of almost $65,000

Kuwait’s $134bn pension fund has record gain in turnaround

The $134bn pension fund recorded 20.9 per cent growth in assets in the year ended March 31

Oman

Oman to introduce new long-term residency programme for foreign investors

Starting September 2021, the Investment Residency Programme will offer renewable five and ten-year visas subject to applicants meeting specific criteria

Mideast joins bitcoin craze with first crypto listing in Dubai

The Bitcoin Fund invests in long-term holdings of Bitcoin as a safer alternative to direct investments in the cryptocurrency

UAE’s Emirates Development Bank, NBQ partner to facilitate SME financing

The MoU will cover credit guarantee and co-lending programmes

Dubai UAE

Dubai repays 10-year $500m bond certificates

The 10-year note, under the Euro Medium Term Note Programme, reached maturity on June 22, 2021

UAE Central Bank sees inflation picking up in second half

Gross domestic product is seen rising 2.4 per cent this year