• Tuesday, 5 July 2022

    Let’s all say hello to YAP

    UAE fintech YAP plans to expand into Egypt next year after raising USD 41 mn in funding led by Saudi Arabia's Aljazira Capital, Abu Dawood Group, Astra Group and Audacia Capital, according to a press release picked up by Zawya....
  • Monday, 4 July 2022

    Hedgies ???? Dubai

    Dubai is emerging as a favorite spot for hedge funds, Bloomberg reports. A handful of well-known fund managers are either expanding operations in the emirate or decamping there entirely as Brexit takes the shine off London as a global financial...
  • Sunday, 3 July 2022

    And the GCC investments keep rolling on…

    ADP Group grabs majority stake in major local cargo firm: Abu Dhabi Ports (ADP) has reached an agreement to acquire a 70% stake in local shipping and logistics firm International Associated Cargo Carrier (IACC) for AED 514 mn (USD 140...
  • Tuesday, 28 June 2022

    More promising sounds on incoming Qatari investment, this time from Maait

    Qatari officials have discussed investing USD 2-3 bn in the local market in talks with the Madbouly government, Finance Minister Mohamed Maait told reporters on the sidelines of Amcham’s annual general meeting yesterday, according to Al Mal. The inflows would...
  • Monday, 27 June 2022

    Regional leaders meet for Negev summit #2 ahead of Biden visit, renewed Iranian nuclear talks

    A second Negev summit will aim to cement new regional alliances ahead of a visit to Saudi Arabia in July by US President Joe Biden, and amid reports that a new round of talks on reviving the US-Iran 2015 nuclear...
  • Tuesday, 21 June 2022

    Gulf sovereign funds are showing their African neighbors some love

    Paving the way for more Gulf sovereign investment, here and across Africa? Three Gulf sovereign funds — Abu Dhabi’s ADQ and the Abu Dhabi Investment Authority, and the Kuwait Investment Authority — have inked an agreement to support investment in...
  • Monday, 20 June 2022

    The trends across MENA’s education sector

    Comparing education markets in Egypt + KSA + UAE and how they’re expected to grow: Although their demographics and geographic distribution vary, Egypt, Saudi Arabia, and the UAE have similar education market dynamics. All three markets have similar distributions of...
  • Thursday, 16 June 2022

    Russian embassy denies accusation from G7 ambassadors that Moscow caused the food crisis

    A war of words between G7 + Russian ambassadors in Egypt: Russia’s representative in Egypt has dismissed allegations made by G7 ambassadors on Tuesday that Moscow is bombing wheat fields in Ukraine and single-handedly causing the food crisis.ALSO FROM THE...
  • Wednesday, 15 June 2022

    Oil prices could go down in 2023, says Opec

    OPEC expects oil demand growth to fall to 2 mn barrels per day (bpd) or less in 2023, compared to an expected growth of 3.36 mn bpd in 2022, Reuters reports, citing sources in the know. Oil prices have hit...

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