(Bloomberg) — The collapse of Abraaj Group didn’t just kill the private equity firm Arif Naqvi built in Dubai. It ruined the entire market. Since Abraaj’s swift and spectacular collapse was set in...
(Bloomberg) — Saudi Arabia’s budget deficit widened in the second quarter as officials ramp up spending to stimulate a sluggish economy. The budget gap of 33.5 billion...
(Bloomberg) — Dubai’s financial regulator, Dubai Financial Services Authority, fined Abraaj Group, the world’s biggest private equity insolvency to date, a record $315 million for deceiving investors and...
(Bloomberg) — New figures spotlight the pain Egyptians are feeling as the government wraps up a three-year program credited with pulling the economy from the throes of a crisis....
A specialised fund launched by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) worth AED 600 million has been announced as part...
(Bloomberg) — Mubadala Investment Co., an investor in SoftBank Group Corp.’s technology fund, spent about $19 billion last year as the Abu Dhabi wealth fund expanded into...
(Bloomberg) — Kuwait’s budget deficit narrowed to 3.35 billion dinars ($11 billion) in the last fiscal year, down 31% from a year earlier on higher-than-anticipated crude prices...
A policy that began in 1988, Omanisation initiative has been on the rise in recent years. Omanisation’s objective, since inception, was to lessen the Sultanate’s reliance...
(Bloomberg) — The number of financial companies operating in the Dubai International Financial Centre rose 11% during the first half, even as a slowing global economy forced...
Total investments in Madayn’s various industrial cities increased by 3.63% in 2018 compared to the same period in 2017, while the cumulative value of investments touched...
