Kuwait City: Kuwait’s Capital Markets Authority (CMA) has granted Goldman Sachs International the country’s first institutional marketing license for a collective investment scheme (CIS) established outside Kuwait, marking a significant milestone in the development of the nation’s capital markets. The license, awarded to Goldman Sachs International, which is licensed by the Kuwait Direct Investment Promotion […]
JPMorgan Chase plans to establish a branch in Iraq to finance projects undertaken by American companies, marking a significant step in expanding the global banking giant’s presence in the country and supporting Iraq’s efforts to attract foreign investment. The agreement was reached during a meeting in Washington between Iraqi Prime Minister Ali Al-Zaidi and representatives […]
Marwan Elaraby will join BlueFive Capital as President – MENA, reporting to Founder & Chief Executive Hazem Ben-Gacem He will support on BlueFive’s corporate initiatives across its expanding platform and managing key stakeholder relationships BlueFive Capital, the global investment platform with more than $15 billion in assets under management, today announced the appointment of Marwan Elaraby […]
KUWAIT CITY / NEW YORK: Blackstone (NYSE: BX), the world’s largest alternative asset manager, has announced plans to establish an office in Kuwait through the Kuwait Direct Investment Promotion Authority (KDIPA), marking a significant expansion of its presence across the Gulf Cooperation Council (GCC). The new office is expected to open in the third quarter […]
The oldest myth in investing meets the UAE’s lowest-cost entry point of the year. The UAE summer has a rhythm. The heat clears the calendar. Evenings stretch out. The relentless pace of the year quietly pauses, and for the first time in months, there’s actually time to think. For a lot of people, that means […]
New York, USA – Goldman Sachs has launched a new alternative investment platform aimed at expanding private market opportunities for its wealthy clients, as demand for access to privately held companies continues to rise. According to an internal memo seen by Reuters, the new platform will be led by Matt Doherty, who will continue overseeing […]
Nasdaq Dubai welcomed the listing of a $300 million Additional Tier 1 (AT1) Perpetual Sukuk issued by Ajman Bank marking the Bank’s first capital securities transaction. The $300 Million Additional Tier 1 Perpetual Non-Call 5.5-year Sukuk was structured under a Mudaraba arrangement and carried a profit rate of 6.50 per cent. The Additional Tier 1 […]
The integration establishes mutual market access, allowing investors from across the Middle East to trade different instruments on the BSE via local brokerages, and vice versa. The signing ceremony, held in Abu Dhabi, was attended by Neo Mooki. Chairperson of the Botswana Stock Exchange. Aobakwe Aupa Monyatsi, CEO of the Botswana Stock Exchange, and senior […]
ABU DHABI: The Abu Dhabi Securities Exchange (ADX) Group today made global capital markets history with the world’s first bell-ringing ceremony aboard a moving passenger train, transforming Etihad Rail’s Abu Dhabi–Fujairah service into a stock market trading hall. The landmark activation celebrated the continued expansion of ADX’s fast-growing derivatives market, following the launch of six […]
Azura Partners, a global wealth manager serving ultra-high-net-worth (UHNW) and high-net-worth (HNW) individuals, entrepreneurs, and single-family offices, has opened an office in Abu Dhabi Global Market (ADGM), establishing a permanent, on-the-ground presence in one of the world’s fastest-growing centres for global private wealth. The Abu Dhabi office is now open and operational at Al Maryah […]