RIZEK, a tech startup aimed at creating more jobs across the MENA region, has announced $1.5m in seed funding. The financing has come from some of the most prominent and high-profile investors in the region, including early backers of some of the region’s most successful start ups.
Abu Dhabi Securities Exchange (ADX) announced that it has distributed more than AED 25 billion in cash dividends to 572,774 eligible investors on behalf of its listed companies. In comparison to the 2018 dividends, the 6.95% increase demonstrates the attractiveness of the investment environment in the Emirates and especially in Abu Dhabi.
Rating agency AM Best has upgraded the financial strength and credit rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “a-” of International General Insurance Co Ltd., (IGICL) (Bermuda) and International General Insurance Company (UK) Limited (IGIUK) (United Kingdom). The outlook of these Credit Ratings is stable.
The Trade Bank of Iraq (TBI) has announced the launch of Dananeer Fund, a USD 100 million investment portfolio fund in partnership with Alpen Asset Advisors.
Ras Al Khaimah has had its ‘A’ rating with a Stable Outlook affirmed by global agency Fitch Ratings.
HMRC’s bid to claw back taxes on cryptocurrencies demonstrates the digital assets are the future of money, affirms the CEO of one of the world’s largest independent financial advisory organisations.
