Middle East
Middle East | 2 Jun 16
Saudi Arabia invests $3.5bn in Uber
The Saudi Arabian Public Investment Fund (PIF), the kingdom’s long-term sovereign investment arm has invested $3.5bn (£2.4bn, €3.1bn) in the US-based online taxi service Uber, the Saudi press agency announced.
Middle East | 26 May 16
AES picks Xplan software to automate its business
AES International has decided to implement the advice and wealth management platform Xplan, developed by Australian technology company IRESS, to help remove time-consuming manual processes across its business.
First GCC equities fund for int’l investors launched in ADGM
Eshara Capital, the first investment fund managed out of the Abu Dhabi Global Market (ADGM), has launched its first strategy, providing global investors access to UAE and Saudi Arabian equity markets and upcoming IPOs.
Middle East | 24 May 16
UAE regulator grants broker licence to advisory firm PWS
Dubai-based advisory firm Prestige Wealth Solutions (PWS) has been granted a broker licence by the UAE’s Insurance Authority (IA), the company has revealed.
Middle East | 20 May 16
Eastern push keeps Dubai’s financial centre growth on target
The Dubai International Finance Centre (DIFC) is on course to match its record breaking results of 2015 this year despite the impact of lower oil prices on activity across the Gulf region, according to its chief business development officer, Salmaan Jaffrey.