LATEST NEWS

Shorooq Partners makes first Turkey investment

UAE-based fund manager Shorooq Partners had led a US$5 million fundraise for Roamless, a Turkey-based travel connectivity platform. The investment is Shorooq’s first venture in Turkey. Other participants in the transaction included Paribu Ventures, Deba Ventures, Finberg and Revo Capital. “This...

FundsTech panel to discuss digitisation of investor communications

The quest for more personalised communication between asset managers and their investors is set to be the next issue to be discussed during a...

Santander hires Middle East private banking CIO

Spain’s Banco Santander has made an executive hire for its private banking business in the Middle East. Former HSBC executive Kamran Butt has been named...

Saudi tech fund targets semiconductor sector

Saudi Arabia is set to launch a US$266 million (SAR1 billion) investment fund designed to boost its semiconductor industry. The fund is part of the...

Edmond de Rothschild launches Saudi infra debt fund

Swiss wealth manager Edmond de Rothschild Group has partnered with two Saudi asset managers in two separate agreements as part of its plan to...

Saudi regulator proposes new funds rules on debt

Saudi Arabia’s financial regulator, the Capital Markets Authority (CMA) has called for industry feedback on its draft amendment of investment funds regulations. The purpose of...

UAE launches sustainability reporting rules

Financial supervisors in the UAE have launched a series of sustainability rules designed to bring the country into line with best international practice. The Principles...

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Transitioning to a new financial services provider can be a daunting prospect, but our research indicates that priorities around technology and scalability are increasingly driving managers to switch.

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Saudi regulator proposes new funds rules on debt

Saudi Arabia’s financial regulator, the Capital Markets Authority (CMA) has called for industry feedback on its draft amendment of investment funds regulations. The purpose of the draft is to allow public fund managers to invest in a wider...

PIF launches space company

Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) has announced a strategy to invest in the aerospace and satellite sectors. To this end, the PIF has launched Neo Space Group (NSG), a wholly-owned subsidiary designed to...

Privatisation to drive Mena IPO market – DIFC

Growth in the Mena region’s initial public offerings (IPOs) market will be dependent on three phases – privatisation of state entities, listings by family-owned businesses; and the rise of fintech startups. This is the conclusion of a report...

Singapore firm launches $100m Mena VC fund

Golden Gate Ventures, a Singapore-based asset manager, has launched a US$100 million venture capital (VC) fund aimed at startups in the Mena region. The Golden Gate Ventures Mena Fund will be domiciled in Qatar and is hoping to...

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CLIMATE INVESTING

UAE launches sustainability reporting rules

Financial supervisors in the UAE have launched a series of sustainability rules designed to bring the country into line with best international practice. The Principles...

ESG sukuk market forecast to exceed $50bn

A report from credit ratings agency Fitch Ratings has predicted that the ESG sukuk market will be worth more than US$50 billion within the...

BNY Mellon wins Lunate fund admin mandate

Lunate Capital, the Abu Dhabi-based alternative fund manager, has selected BNy Mellon as its fund administrator. US-based asset servicer BNY Mellon will provide global custody,...

UAE climate fund to invest $250bn by 2030

Alterra, the US$30 billion climate fund launched during the COP28 climate conference, is set to mobilise $250 billion of funds by 2030, according to...