Funds

UAE’s ADX sees $507.2 million in ETF trading value during eight months of 2024

Since the start of 2024, ETF trading volume has reached 450.7 million units

UAE: $9.52 billion surge in AUM by portfolio management companies, investment funds

The SCA reported an 83 percent increase in authorized companies this year, rising from 18 to 33 since January

Dubai SME: Over $3 billion in contracts awarded to entrepreneurs since inception

Hamdan Innovation Incubator supported 109 Emirati tech startups in H1 2024

Egypt targets sub-10 percent inflation by 2025-2026 as CAPMAS data shows easing price pressures

The country’s annual urban consumer price inflation slid to 25.7 percent in July from 26.5 percent in June

Egypt’s overseas workers send home $7.5 billion in Q2 2024, signaling success of IMF-inspired currency reform

Before the March reforms, the pound was officially pegged at 30.85 to the U.S. dollar, but traded as low as 74 on the black market

Saudi PIF affiliate invests $1.5 billion in EV maker Lucid Group

The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan

IMF completes third review for extended arrangement with Egypt, approves $820 million disbursement

The decision follows a positive economic assessment since the program's launch in December 2022

Egypt secures $2 billion in budget support from key development partners to boost private sector

During the Egyptian-European Investment Conference, Egypt secured a $1.069 billion agreement with the EU

What is an ETF? Explaining exchange traded funds

ETFs are investment vehicles that track the performance of a specific market index, such as the STI or the S&P 500

Abu Dhabi’s startup ecosystem ranked fastest growing in MENA, raises $1.06 billion in VC: Report

The emirate was also recognized for its strengths in the FinTech, AgTech and New Food, and ClimateTech sectors