Dubai-based alternative investment and PE firm EightClouds launched a UAE-focused residential investment fund targeting USD 300 mn in commitments, according to a press release (pdf). The new vehicle ...

At home, Al Ahly edged Modern Sport 1-0 on Thursday evening at Cairo Stadium, with Omar El Saaiy scoring the only goal with a header in the 17th minute. The three points lifted Al Ahly to 20 points in ...

Here are the stories driving the day, both at home and abroad. Administrative Capital for Urban Development (ACUD) is drafting an incentive program for ...

The EGX30 fell 1.7% at today’s close on turnover of EGP 7.2 bn (35.2% below the 90-day average). Local investors were the sole net ...

South Africa’s third-largest bank Absa Group has followed through on its plan to open up an office in Dubai International Financial Center (DIFC), according to a press release. The expansion is aimed ...

Emirates NBD is the latest Gulf name turning to Asian lenders for cash. The bank is seeking a loan of at least USD 500 mn from Asian banks, with an option to upsize it to USD 1 bn, Bloomberg reports, ...

Fertilizer manufacturers are set to soon face higher gas prices as the government seeks to narrow the gap between the buying and selling prices, driven by the increase in global energy prices amid the ...

Egypt Education Platform (EEP) is the latest education player to join the IPO waiting room, after filing a request yesterday for listing on the EGX. The private ...

Amanat is taking Cambridge Health Group (CHG) to the UK just four months after buying out its remaining minority shareholders. The Dubai-listed investor's wholly owned subsidiary acquired UK ...

Islam Azzam (LinkedIn) has been appointed as acting chair of the Financial Regulatory Authority (FRA) under a presidential decree, the authority announced yesterday. Mohamed Farid previously held the ...

Alpha Dhabi is putting its AI gains back to work. The ADX-listed IHC unit agreed to commit USD 1 bn (AED 3.67 bn) to Alpha Wave III, the next global fund from US manager Alpha Wave Global, according ...

Sharjah developer Arada accepted USD 169.2 mn in tenders to buy back part of its outstanding sukuk due 2027, according to a company statement. The amount represents around 41% of the USD 411.7 mn ...