A number of central banks across the GCC have cut interest rates in a bid to maintain currency stability and to encourage greater investment.

There’s no doubt that Africa has been seen increasingly as an attractive prospect for inbound investment in recent years, with investors seeing real potential in the continent, particularly in the private equity, infrastructure and real estate asset classes, as it experiences strong economic growth.

Arif Naqvi, the founder of Mena-based buyout form Abraaj, has been handed a three year sentence in absentia by a UAE court over a case involving low cost airline, Air Arabia.

Just one week after announcing a record fine of $314 million on beleaguered buyout firm Abraaj, Dubai’s financial regulator has conceded that it is unsure how or if the record penalty can ever be imposed.

Saudi Arabia’s securities regulator, the Saudi Capital Markets Authority (SMCA) has given the green light for two local firms, Wahed Capital and Haseed Investing Company, to test their robo-advisor services.