Covid-19: Saudi Delivery App Raises Funds As Virus Lockdown Boosts Demand
Nana raised $18 million from investors including venture capital fund STV and Middle East Venture Partners Read more
Gulf Sovereign Wealth Funds Could Shed $300bn Amid Covid-19 Chaos
Hedge funds and private-equity firms on Wall Street could lose a substantial piece of business as Gulf funds channel wea... Read more
UAE Central Bank Orders ATMs To Be Replenished With New Banknotes
Banks also asked to sanitising all ATMs on a regular basis and provide disposable latex gloves Read more
Abu Dhabi Banks Announce 17 Incentives To Help Amid Coronavirus Outbreak
The move is designed to provide for the immediate needs of people and SMEs impacted by the coronavirus Read more
Abu Dhabi Increases ADDH's Portfolio, Rebrands As ADQ
Additional companies added to the renamed ADQ's portfolio include Abu Dhabi Securities Exchange (ADX) and Image Nation Read more
SoftBank Said To Have Held Talks With Mubadala, Elliott Management On Going Private
SoftBank instead decided to move ahead with a plan to sell assets to pay down debt and boost a share buyback Read more
Dubai-based World Investments Invests $258m In Australian Xinja Bank
World Investments already has significant equity holdings in banks across Europe and the Middle East Read more
UAE's Amanat Posts 40% Hike In Net Profit Despite Bahrain Hospital Losses
Amanat CEO says Royal Hospital for Women & Children is expected to become profitable in late 2020 Read more
Dubai's Wamda Leads $3.5m Funding In Games Developer Tamatem
Jordan-based Tamatem has grown to become the leading mobile games publisher in the Arabic-speaking market Read more
Irregularities Found Habib Bank's UAE Operations
Employees in some of Habib Bank's UAE branches helped certain customers disguise transactions by issuing pay orders in t... Read more
SoftBank Fund Said To Draw Investors For Hedge Fund-style Vehicle
Rajeev Misra, head of the Vision Fund, is said to have support from Abu Dhabi's state fund Mubadala and the government o... Read more
UAE Bank Customers' Complaints To Be Dealt With Quickly Under New Guidelines
Consultation process launched for new Financial Consumer Protection Regulatory Framework Read more
UAE's Al Hilal Bank Agrees To Sell Islamic Insurance Business
Subsidiary of Abu Dhabi Commercial Bank to sell Al Hilal Takaful to Siraj Holding Read more
Saudi Arabia, Russia Discuss $10bn Joint Investment Programmes
Workshops aimed at strengthening bilateral investment in oil and gas, petrochemicals, construction and energy Read more
First Abu Dhabi Turns To Sterling In Return To Bond Market
First Abu Dhabi's new sterling bond will be the biggest syndicated deal in the currency out of the Middle East since 201... Read more