Nik Pratt

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Saudi Aramco IPO delay likely

The world’s biggest ever flotation is expected to be postponed until 2019, according to reports. Saudi Arabia had been planning to sell off 5% of...

UK businesses awarded Saudi investment licences

The Saudi Arabian General Investment Authority (SAGIA) has awarded investment licences to 10 UK companies which will enable them to set up operations in...

Egypt plans sovereign fund for state companies

The Egyptian government is considering establishing a sovereign wealth fund to manage state companies that are due to float on the national stock exchange. The...

Saudi public fund invests in artificial reality

Saudi Arabia’s Public Investment Fund has reportedly invested $461 million in a controversial artificial reality start-up. Magic Leap has so far attracted more than $2.3...

DIFC posts record growth for 2017

Dubai’s financial hub, the Dubai International Finance Centre (DIFC), has reported a 25% increase in net profit for 2017, from $79 million to $99...

Moody’s upgrades Morocco’s credit profile

Rating agency Moody’s has outlined the reasons behind a recent upgrade to Morocco’s credit profile by pointing to value-added exports and fiscal improvements. At the...

Bahrain hosts fintech forum

More than 400 delegates gathered in Bahrain to attend a financial technology forum hosted by Bahrain-based Bank ABC and Arab Financial Services and sponsored...

QInvest reports $48.7m operating profit for 2017

Qatar-based private investment group QInvest recorded revenues of $101 million and operating profits of $48.7 million according to its end of year results for...

First Abu Dhabi bank finalises $650m sukuk

The UAE’s largest bank, First Abu Dhabi Bank (FAB), has issued a $650 million, five-year sukuk. The final price was registered as 95 basis...

Abraaj Group reveals management reshuffle

Dubai-based private equity firm Abraaj Group has appointed two new chief executives for its fund management business Abraaj Investment Management (AIM) as part of...

Sico UAE joins Nasdaq Dubai’s derivatives market

Abu Dhabi-based brokerage Securities & Investment Company (Sico) UAE has become a member of Nasdaq Dubai’s equity derivatives market. The move is designed to provide...

Saudi Fransi Capital names HSBC as custodian

HSBC Saudi Arabia has been selected as the custodian by Saudi Fransi Capital (SFC) for its range of private and public funds. The custody mandate...

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