Trading

QIA invests $275m in market-making programme

The Qatar Investment Authority (QIA) is set to launch a market-making initiative designed to woo more foreign investors. According to the sovereign wealth fund, the...

BDSwiss appoints Mena head

FX trading firm BDSwiss has named Hassan Ibrahim as new Mena head of business development. Based in Dubai, he will report to Mena CEO Daniel...

EFG Hermes launches DMA platform in the cloud

Egyptian investment firm EFG Hermes has partnered with Microsoft’s Azure service to launch a cloud-based direct market access (DMA) platform. The DMA offering is designed...

Mena M&A transactions suffer Q1 slump

The number of merger and acquisition (M&A) transactions involving Mena-based companies fell by 63% in the first quarter of the year. Data from Refinitiv showed...

Kuwait exchange strikes data partnership with TradingView

Boursa Kuwait has collaborated with trading platform TradingView for a data-sharing partnership. The arrangement is part of the exchange’s strategy to provide more data-driven services...

Saudi VC firm launches pre-IPO investment fund

Saudi Venture Capital (SVC) has partnered with the Saudi stock exchange for an investment product targeted at the pre-IPO fund. The two organisations signed an...

Saudi and Hong Kong exchanges to explore cross-listing

The Saudi Tadawul Group and Hong Kong Exchanges and Clearing (HKEX) have signed a memorandum of understanding (MoU) to explore potential partnerships around fintech,...

Waha Capital names CFO

Abu Dhabi-based asset manager Waha Capital has appointed Mark Benn as chief financial officer (CFO). He has joined from Dubai-based private equity firm Safanad. Benn began...

GCC enjoys bumper year in IPOs

The number of initial public offerings (IPOs) in the GCC more than doubled in 2022 compared to the previous year while the value from...

Exchanges develop ESG metrics for GCC-listed firms

An association of Mena-based exchanges has published a set of ESG disclosure metrics for listed firms in the region. The GCC Exchanges Committee stated that...