Protests outside the parliament building in Tunis on Monday after President Kais Saied suspended parliament and dismissed Prime Minister Hichem Mechichi on Sunday. AFP
Political unrest in Tunisia could hamper economic recovery efforts

The country's debt stands at about 90% of its GDP, with about two thirds of this denominated in foreign currencies

July 27, 2021, 4:00 AM
Bitcoin has gained more than 20 per cent in value over the past seven days, despite a slump last Tuesday which dragged it below $30,000. Reuters
Bitcoin surges towards $40,000 mark on Amazon rumours

World's biggest cryptocurrency was up 13% in early trading on Monday morning

July 26, 2021, 9:07 AM
Hub71 on Al Maryah Island in Abu Dhabi. UK-based Callsign expects to have 100 staff at its regional base within Hub71 by the end of the year. Courtesy Hub71
Abu Dhabi Investment Office provides $24.5m to boost growth of tech companies

Innovation Programme backing brings the level of support provided to businesses in the sector this year to more than $235m

July 26, 2021, 6:08 AM
A trader crosses the floor at the Abu Dhabi Securities Exchange, whose value is up 40% so far this year. Reuters
Mena equity fund raising more than doubles in first half

Adnoc Distribution's issue of new shares and convertible bonds drove activity

July 25, 2021, 5:00 AM
BR Shetty is seeking $7bn in damages in a New York court, alleging former directors of NMC Group companies committed a "massive financial fraud".  Reuters
NMC founder BR Shetty seeks $7bn in damages from former banks, auditors and directors

Lawsuit filed in New York alleges six-year conspiracy to hide the true state of the group's finances

July 22, 2021, 3:06 PM
FTX Trading, a US-based company that built a cryptocurrency derivatives exchange, received backing from more than 60 funders in its Series B round. AFP
Cryptocurrency exchange FTX Trading valued at $18bn after its largest funding round

Two-year-old company secures $900m from some of Silicon Valley's best-known investors

July 21, 2021, 12:26 PM
The outside of the Nasdaq market site in New York. Reuters
Nasdaq to spin out private market in joint venture with major banks

New platform will serve a 'large and growing' need for trading private company shares

July 20, 2021, 2:48 PM
Bitcoin investment funds have attracted more than $25.7bn from investors since the start of this year, according to CoinShares. Reuters
Bitcoin sinks to below $30,000 in latest sell-off, wiping $100bn from crypto market

World's biggest cryptocurrency loses 5.8 per cent of its value on Tuesday and is 53.4 per cent below its all-time high

July 20, 2021, 11:01 AM
An electronic billboard shows the sell-off in shares on Hong Kong's Hang Seng Index on Monday as markets around the world faced similar issues. AP
Markets fall on Covid-19 concerns

FTSE 100 index falls 2.34% on 'Freedom Day' as rising infection rates disrupt operations

July 19, 2021, 8:25 PM
Robinhood had 22.5m funded accounts as of June 30, a 130% increase on the same period last year. Reuters
Robinhood could be valued at $35bn through Nasdaq listing

Popular share trading app had 22.5 million funded customer accounts as of June 30

July 19, 2021, 1:46 PM
Dubai Healthcare City, where French biopharmacy company Ipsen has opened its Middle East and Africa headquarters. Jeffrey E Biteng / The National
French biopharmacy company Ipsen targets Middle East growth with new Dubai base

Healthcare City office will kick-start operations and serve demand in fields such as oncology and neuroscience

July 19, 2021, 5:30 AM
Dubai Islamic Bank is owed $425 million by healthcare group NMC, which was placed into administration last year. Reuters
Dubai Islamic Bank wins latest round of ongoing legal tussle with NMC's administrators

Case goes to arbitration with administrators ordered to pay 75% of the lender's costs to date

July 18, 2021, 12:28 PM
The Red Sea Development Company raised $3.76bn in green funding in April. Image courtesy of TRSDC.
Sustainable debt market set to top $1tn this year

Sustainability-linked debt issuance reached $680bn in the first six months, more than double the amount in the first half of 2020

July 16, 2021, 5:30 AM
Dave Ashish, former chief financial officer at Abraaj Group. Courtesy Antonie Robertson
Dubai's DFSA hands down $1.7m fine to former Abraaj Capital chief financial officer

Ashish Dave was 'knowingly involved' in deceiving investors over the use of money in Abraaj funds, Dubai Financial Services Authority says

July 14, 2021, 8:05 AM
The NMC Specialty Hospital complex in Abu Dhabi. The company's joint administrators will begin legal action against former directors once restructuring is complete. Reuters
NMC Health's administrators to pursue claims once restructuring is complete

Alvarez & Marsal has already been preparing cases against the company's former directors and its auditor

July 12, 2021, 9:39 AM