Financial institutions in the UAE could be forced to consolidate if the current Covid-19 crisis continues, ratings agency Fitch has warned.
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Financial institutions in the UAE could be forced to consolidate if the current Covid-19 crisis continues, ratings agency Fitch has warned.
The total value of sukuk listed in Dubai has surpassed $67 billion following the registration of a $200 million Islamic bond on Nasdaq Dubai by the emirate of Sharjah.
A new law issued by UAE president Sheikh Khalifa bin Zayed Al-Nahyan has changed the Abu Dhabi Securities Market (ADX) into a public joint shares company.
Analysts and rating agencies have reacted positively to a series of economic stimulus packages announced by Gulf states to offset the effect of the coronavirus.
UAE-based portfolio manager Wealthface has launched a robo-advice indexing platform for passive investors in the Mena region.
Bahrain-based fund of funds Al Waha has reportedly made a “substantial” investment in a US-based venture capital (VC) firm Lumia Capital.
The plan to launch an oil benchmark from the Middle East to rival the established crude oil benchmarks WTI and Brent has fallen victim to the coronavirus-fuelled volatility in the oil markets and is set to be delayed until later in the year.
Fund managers in the Middle East continue to count the cost of the coronavirus as local stock markets and government bonds fall in value, following the World Health Organisation’s (WHO) decision to label the virus a pandemic and the subsequent travel bans issued by countries such as the US.
Dubai-based alternative investment manager Rasmala has spent $61 million to buy a research and development centre in the US as its steps up its plans to build a US property portfolio.
Dubai-based Islamic investment manager Mashreq Capital has announced that its flagship sharia fund has reached $100 million in assets under management.
Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).
In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...
With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.
Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.
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Lux Report 2020
March 2020