Business & Money | Tuesday 16 July, 2019 9:00 am

HSEVEN Accelerate World-Class African Startups

HSEVEN, Africa’s largest accelerator is launching “HSEVEN DISRUPT AFRICA”, an ambitious startup acceleration program designed for entrepreneurs of the Moroccan and African diaspora. The 6-month program will provide a seed investment of €150,000 plus an eventual investment of...

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Business & Money | Monday 15 July, 2019 1:30 pm

Banking, petrochemical shares boost Tadawul

Major Gulf stock markets closed higher on Sunday, mirroring gains late last week in global markets, and supported by some companies’ positive second-quarter results.In Saudi Arabia, the Tadawul main index rose 0.5 percent, with banks and petrochemical companies leading the gains.Dubai’s ...

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Business & Money | Monday 15 July, 2019 1:25 pm

Abu Dhabi sovereign fund to boost active investments in fixed-income

Abu Dhabi Investment Authority (ADIA), the world’s third-biggest sovereign wealth fund, plans to increase active investments in fixed-income in the coming years, reducing its reliance on passive investments. The move comes as ADIA, which manages the reserves of oil-rich Abu Dhabi, has been...

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Business & Money | Monday 15 July, 2019 1:25 pm

Saudi Bank customers warned of online fraudsters

Fraudsters are now applying innovative ways to cheat people via email. They used to make mobile calls and send texts or messages via WhatsApp, but now they are sending emails bearing bank logos and asking users to update accounts, even seeking personal information. The banking service...

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Business & Money | Monday 15 July, 2019 12:50 pm

Dubai launches e-statistics system for better data to clients and decision makers

Dubai Customs launched its new e-statistics system which has been developed in-house to keep abreast with the technological advancements in the UAE towards embracing the Fourth Industrial Revolution (4IR), in line with the directives and vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, ...

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Business & Money | Monday 15 July, 2019 12:23 pm

Prices soften in Sharjah and Ajman but average ROI remains healthy says Bayut’s latest market report

 Following the overall trends seen in Dubai and Abu Dhabi, prices softened for properties in Sharjah and Ajman for both sales and rentals. Investors will be happy to know that along with increased levels of affordability, average ROI is healthy in both the family-friendly emirates as per...

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Business & Money | Monday 15 July, 2019 12:23 pm

Eagle Proprietary Investments Limited announces its successful exit from its debt investment in The Cobble Hill House in New York

Eagle Proprietary Investments Limited (“Eagle”) announces its successful exit from its debt investment in The Cobble Hill House (“the Project”), an upscale residential condominium development in Brooklyn, New York valued at over $75 million. The Cobble Hill House is a...

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Business & Money | Monday 15 July, 2019 11:27 am

Rent-to-own: an alternative way to finance your own home in the UAE

The UAE property market has been coined a ‘buyers-market’ over the past 18-months, however, buyers are spoilt for choice. According to fäm Properties, in 2019, apart from the overdue projects, there are around 59,976 properties scheduled for delivery, and new projects constantly...

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Business & Money | Monday 15 July, 2019 10:15 am

While emerging market debt has always been a diverse asset class, it continues to expand its boundaries.

Alongside solid investment grade companies, which can be benchmarked against the best de- veloped market peers, there are also less established – but equally as impressive – smaller companies. Some of these are from newer geographies or making their bond market debut. Together, these...

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Business & Money | Monday 15 July, 2019 9:39 am

Ministry of Labor increases the efficiency of managing its projects and public facilities by cooperating with Mashroat

The Ministry of Labor “MOL” and the National Program to Support the Management of Projects in Public Entities “Mashroat” have signed a Memorandum of Understanding (MoU) to appoint Mashroat as the enabling arm to support infrastructure projects. Mashroat will provide...

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