Thursday, July 9, 2020

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JPMorgan Fund That Sold Junk Debt Before Crash Is Diving In

(Bloomberg) -- Three months ago, Arjun Vij couldn’t wait to sell all his junk bonds. Now he can’t get enough of them. In a strategy U-turn,...
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Uber Eats Operations To Transition To UAE’s Careem

Uber Eats has decided to close its operations in eight of its markets, it announced on Monday with its operations in the UAE transitioning...
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MENA Start-Ups Secure Dh1mn In Funding During Q12020

Start-Ups in the Middle East and North Africa (MENA) region managed to secure Dh1 billion (US$277 million) in funding during the first quarter of...
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STC-VodafoneEgypt

‘STC’s Vodafone Egypt Acquisition Credit Negative If Debt-Funded’

A Moody’s report has said that Saudi Telecom Company’s (STC) acquisition of Vodafone Egypt would be credit negative if the transaction is fully debt-funded,...
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Mubadala-backed Alcazar Weighs Sale of Egypt, Jordan Assets

(Bloomberg) --Alcazar Energy Ltd., backed by Abu Dhabi’s Mubadala Investment, is preparing the sale of some of their solar and wind assets in Egypt...
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Egyptian Pound Continues to Rise as Inflows Pick Up

(Bloomberg) --Egypt’s currency, one of the world’s best performers in 2019, has breached a key threshold following inflows of more than $1.5 billion in...
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Qatar-led Middle East Equity Markets Gain as Iran Risk Eases

(Bloomberg) --Qatar led Middle Eastern equity markets higher on Sunday amid easing tension between the U.S. and Iran, reversing a negative trend that prevailed...
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dubai property market; uae real estate developers; property markets;

Middle East Markets Retreat as Investors Steer Clear of Most-at-Risk Region

(Bloomberg) --Middle Eastern markets can hardly be accused of complacency over the latest surge in regional tensions, even if global investors are taking a...
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Middle East startup ecosystem raises record $704 million in 2019, FinTech on top

The year 2019 saw a record 564 startup investments across Middle East and North Africa (MENA) region, amounting to $704M in total funding, excluding...
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Middle East Stocks Get a Mauling as As Geopolitical Risks Flare

(Bloomberg) --The U.S. killing of Iran’s most senior military commander reverberated through Middle Eastern markets, sending stocks into retreat and setting the tone for...
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