Tuesday , 18 September 2018
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All quiet on the investment front?: Middle East venture capital funding lower, but market conditions remain positive, funders say

The $112 million raised in VC funding by Mena firms is lower than 2016 and 2017 when big bets were made on Souq.com and Careem Still, Wajdi Ghoussoub, associate director of venture capitalist firm Middle East Venture Partners (MEVP), did not think that the lower value of money invested was an issue for concern. In response to questions by email, …

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Federated Investors, Inc. and International Islamic Trade Finance Corporation to Develop a Trade-Finance Portfolio Focused on Sovereign Energy Sector

The portfolio will be Shari’ah compliant with investments realized through transaction structures that rigorously adhere to Islamic principles Federated Investors, Inc., one of the largest investment managers in the United States, and the International Islamic Trade Finance Corporation, member of the Islamic Development Bank (IsDB) Group, announced an agreement to launch a sovereign energy trade-finance portfolio. The ITFC Sovereign Energy …

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Cryptocurrencies and their place in mainstream finance

Has the world of money changed and will continue to do so? Cryptocurrencies are now irrefutably part of mainstream finance. They are capturing our focus more than ever before during a time when financial technology is taking centre stage. Major digital currencies such as Bitcoin, Ethereum, XRP, Lite and Dash are being thrust into the world of mainstream finance at …

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Job privilege: Who can get 10-year visa in UAE?

New reforms such as 10-year visa, 100% foreign ownership of firms to help attract best talent, FDI. The UAE’s new reforms will be focused on professions and industries that meet the country’s strategic needs. (Reuters file) Technology entrepreneurs, influencers, high-end individual investors and specialists in certain fields such as science, space and medicine would be eligible for the 10-year visa …

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UAE job vacancies on the rise in first half of 2018

Hiring accelerates in the first half of 2018; momentum seen to spill over into 2019 UAE – Job growth in the UAE expanded at a fast clip in the first half ofthis yearand industry stalwarts and analysts are optimistic that the trend will be maintained in the second half and2019. The rise in employment in key economic sectors indicates that …

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Saudi-based ITFC, Federated Investors to launch $300mln trade finance fund

The sharia-compliant fund is expected to launch later this year and would invest in energy-related structured trade, supply chain financing and project finance assets of sovereign entities The Saudi-based International Islamic Trade Finance Corp (ITFC) said on Thursday it would launch a $300 million fund alongside U.S. fund manager Federated Investors, aiming to tap trade finance opportunities in Muslim-majority countries. The sharia-compliant fund …

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SA’s business confidence improves in July

Abu Dhabi’s index was up 0.5%, after hitting its highest level since late 2014 Abu Dhabi’s market hovered around a four-year high on Wednesday, bolstered by banks shares, while Saudi Arabia’s market was more subdued. Abu Dhabi’s index was up 0.5 percent, after hitting its highest level since late 2014 earlier in trading. First Abu Dhabi Bank rose 1.1 percent …

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Bahrain fund Mumtalakat exits U.S. firm Nobel Learning Communities-CEO

Mumtalakat invested in Nobel in 2015, partnering with Manama-based alternative investments manager, Investcorp By Hadeel Al Sayegh and Saeed Azhar, Reuters News DUBAI – Bahrain’s sovereign wealth fund, Mumtalakat, has sold its investment in U.S. private education provider Nobel Learning Communities, as another U.S. school operator Spring Education Group acquired Nobel earlier this month. Mumtalakat invested in Nobel in 2015, …

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UAE’s Shuaa Capital to boost foothold in Saudi Arabia, Kuwait, Egypt

The Saudi market is so important and full of growth potentials and opportunities Shuaa Capital is seeking to collaborate with Saudi Arabia’s Jabal Omar Development Company (JODC) to launch and manage real estate investment funds in the Kingdom of Saudi Arabia. The partnership is directed towards managing the development and expansion of centrally located real estate hotspots across the Kingdom, …

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17 new international schools set to open in UAE this year

The number of international schools in the region has grown from only 1,159 in 2013 to 1593 in 2018 The market in the Middle East continues to expand, said an industry expert, noting that17 new international schools are opening for the 2018-2019 academic year in the United Arab Emirates, 13 of which are located in Dubai. “Most of the demand …

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