FAB Issues Five-year USD 500 Million Sukuk
Lowest-ever yield on any five-year MENA bank USD issuance
Issued at MS+90bps (all-in yield of 1.411%)
Three times over-subscribed with total orderbook of circa USD 1.5...
Industry Insiders Optimistic About Financial Services in UAE for 2021
56% of respondents agreed that the outlook for remittances remains positive for the coming year
Companies rate changing demographic, labour mobility, unemployment and current pandemic...
2021’s Major Investment Risks, Opportunities
Investment headwinds will “still exceed the tailwinds” in 2021 – but there could be more “major opportunities now than in perhaps the last 10 years”...
10 Largest Mutual Fund Companies Manage $36 Trillion in Assets, 69%...
The mutual fund companies have been growing over recent years by amassing assets in trillions as they continue to appeal to investors. The growth...
Bitcoin Surpasses $400B Market Capitalization, More Than Any Global Bank
Bitcoin’s market capitalization has hit record levels in 2020 alongside a surge in the asset’s price. With the market cap, the pioneer cryptocurrency is...
GCC Payments Industry Set to Leapfrog Other Economies in 2021
Enhanced digitalisation and tech adoption across the region sees digital transactions increasing
Payments made via Bahrain’s BenefitPay set to exceed US$4billion this year
49 per cent...
Here’s How Many People COVID-19 Could Push into Poverty
COVID-19 is likely to push between 88 and 115 million people into extreme poverty, according to the Poverty and Shared Prosperity Report 2020.
South Asia...
World’s 10 Richest Fortune Soars by 56% to $1.1 Trillion Since...
As the rest of the world continues to recover from the effects of the coronavirus pandemic some of the global billionaires have benefitted from...
Digital Health Startups Receive Over $4.6 Billion in Q3 2020, Thrice...
The year 2020 is set to be a banner industry for investments in the digital health industry. From Q1 to Q3, the sector has...
Is Bitcoin Set to Have a 2017-style Mini Boom This Year?
Bitcoin’s price is set to “surge before the end of 2020” with investors keen not to “sleepwalk” through a 2017-style mini-boom, says Nigel Green,...
Top 10 Companies Hold $15 Billion in Bitcoin, 4% of Total...
Bitcoin has witnessed a major spike in 2020 hitting new price levels recorded almost three years ago. With the price surge, Bitcoin demand is...
Development in Global Markets to Weigh on Regional Equities
Global equity markets were broadly positive during the week, but the news flow was mixed with encouraging vaccines developments compared to renewed restrictions to...
Biden Victory Heralds Boom Time for ESG Investing – Here’s Why
Joe Biden’s administration will usher in an unprecedented boom for Environmental, Social and Governance (ESG) investments, affirms the CEO of one of the world’s...
Region’s Largest Open Banking Platform Launches In UAE
MENA Open Banking pioneers expand with new offices in Abu Dhabi and Dubai
Tarabut Gateway, the MENA region’s first and largest regulated Open Banking...
Global Private Wealth Holders Set to Double Impact Investing Allocation over...
High net worth individuals, families, family offices, and foundations plan to increase their allocation to impact investing from 20 per cent of their...
New $60m Venture Capital Fund to Invest in 120 MENA Startups
$60 million fund will invest in 120 early-stage tech startups across MENA region
Focus sectors include FinTech, HealthTech and EduTech amid anticipated post-COVID tech boom
A...
Emirates Angels Investors Association Launches to Accelerate Innovation and Entrepreneurship in...
Young entrepreneurs established a network of angel investors to support start-ups and stimulate investment in future industries
In a bid to contribute to...
Equity Markets to Witness Increased Volatility due to Uncertainty over Economic...
Global equity markets closed higher during the week amid hopes of another relief stimulus deal from the Congress. The markets clearly ignored the uncertainties...