August 12, 2021 As Kuwait makes strides in investing its way out of dependency on oil money, the Future Generations Fund (FGF), sees its growth over the past five years exceed the country’s total revenue from oil for the same…
August 12, 2021 The World Bank estimates that the 54-nation AfCFTA economic bloc launched in 2021, has the potential to lift at least 30 million Africans out of poverty, boost the continent’s income by $450 billion by 2035 (a gain…
August 11, 2021 Abu Dhabi’s asset management subsidiary Mubadala Capital has inked a $1.2 billion deal with a consortium of investors led Blackrock - and this appears to be just the start. Although the deal structure with the world’s largest…
August 11, 2021 With continued global interest in Saudi financial assets, FDI inflow into Saudi Arabia is today at its highest level since 2016 when Vision 2030 was launched. The Ministry of Investment of Saudi Arabia’s (MISA) latest update echoes…
July 13, 2021 As the majority of governments stepped in to support local economies and plug fiscal deficits, over half of the sovereigns in the Middle East region saw drawdowns, compared with a third globally. Of these 78 percent were…
July 7, 2021 Major investments in countries across the Middle East and North Africa could make Saudi Arabia a key supporter, if not producer, of solar power in the region. With Saudi money and local support for solar power, these…
July 6, 2021 Dubai financial services firm Shuaa Capital PSC is considering setting up three blank-check companies of around $200 million each, rapidly opening up a potential boom market for special purpose acquisition vehicles to Gulf investors. Interest is taking…
July 5, 2021 OPEC+ ministers called off oil output talks after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to output curbs, meaning no deal to boost production has been agreed. The failure of the…
July 2, 2021 Investor mania for SPACs is accelerating in the oil-rich Gulf, where Abu Dhabi sovereign fund Mubadala is poised to launch two blank-check companies and a Dubai-based asset manager is raising $200 million to target mergers with companies…
June 13, 2021 A brace of Arabian Gulf sukuk trades racked up enormous order books this past month, indicating high levels of pent-up demand for Sharia-compliant paper. Despite some "teething problems", sukuk issuance is expected to grow rapidly as hungry…