Trading

Turkish investment app Midas raises $45m

An investment app focused on retail investors in Turkey has pulled in US$45 million after completing its latest funding round. Istanbul-based startup Midas stated that...

CFI Financial Markets names CEO

UAE-based investment broker CFI Financial Markets has named Jareer Hiary as chief executive. He succeeds Nidal Abdelhadi who is leaving the firm to pursue his...

UAE exchanges captured $1bn in foreign flows in Q1

The UAE’s two main stock exchanges, the Abu Dhabi Exchange (ADX) and Dubai Financial Market (DFM), attracted US$1 billion in net foreign inflows in...

KSA tops Mena’s crypto investment charts

Investors in Saudi Arabia made gains of more than US$350 million in 2023, according to industry data. Analysis from blockchain firm Chainalysis shows that Saudi...

UAE’s investment app users to hit 1m by 2028

The UAE is set to see more than one million users of investment apps in the next five years, according to research. Analysis from Singapore-based...

FAB to launch post-trade platform for asset managers

First Abu Dhabi Bank (FAB) is planning to launch a post-trade platform designed to cater for asset managers in the Mena market. The platform, called...

Saudi and Bahrain bourses sign cooperation agreement

The respective stock exchanges of Saudi Arabia and Bahrain have signed an agreement designed to bring more connectivity and liquidity to the region’s securities...

PIF launches $5bn bond

Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), has completed the pricing of a US$5 billion bond issuance. The Reg S international bond will...

Mashreq preps carbon offsetting platform

Oman-based Mashreq is the latest financial institution in the Mena market to take a step into the carbon trading market. The firm has signed a...

Tadawul to buy stake in Dubai Mercantile Exchange

The Saudi stock exchange, otherwise known as the Tadawul, is set to buy a 32.6% stake in the Dubai Mercantile Exchange (DME) for an...