Wealth
Singapore’s SpherePay Closes $10 Million Funding Round
SpherePay, Singapore’s homegrown mobile payment app, announced today that it has completed its fundraising exercise which saw the company raising over $10 million.
Xiaomi Planning an IPO at $50 Billion Valuation
Xiaomi is reportedly in talks with investment banks regarding a potential IPO in Hong Kong in 2018. During the IPO, the company is reportedly seeking a $50 billion valuation. Industry experts suggest ...
IP Global Launches Free Investment Programme for Beginners
IP Global, the leading full-service property investment company, has launched a free digital property investment programme, which provides a detailed overview of the fundamentals of investing in the p...
Delta Partners Advises iflix on $133 Million Funding Led by Hearst
Delta Partners Corporate Finance Limited, a member of Delta Partners, has acted as financial advisor on a $133 million funding round for iflix, the Malaysian Subscription Video on Demand (SVoD) servic...
Five Holdings Launches AED 2.10 Billion Real Estate Investment Trust
Five Holdings, the Dubai-based real estate development and hospitality group previously known as SKAI Holdings, has launched a AED 2.10 billion real estate investment trust (REIT). This is the region’...
GCC Sovereign and Corporate Bond Issuance Amounts to $22 Billion
Total gross bond issuance in the GCC has already surpassed 2016’s total value in the first five months of this year, according to Fisch Asset Management, a global leader in convertible and corporate b...
Emirates NBD Capital Completes UAE’s First IPO in 2017
Emirates NBD Capital Limited (EMCAP), the investment banking division of Emirates NBD PJSC, one of the largest banking groups in the Middle East by assets, has successfully completed its role in the l...
How to Budget for Unexpected Windfalls
Unexpected windfalls are sources of joy for you and your dear ones. Like it is important to budget for emergencies, you need to be prepared for windfalls, too. It could be a major cash gift, a tax ref...
Amazon to Acquire Souq.com
Amazon today announced that it has reached an agreement to acquire Souq.com, the leading e-commerce platform in the Middle East. Joining the Amazon family will enable Souq.com to continue growing whil...