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UAE, Turkey export credit agencies to boost trade ties

  Abu Dhabi / WAM Etihad Credit Insurance, the UAE Federal export credit company, has signed a memorandum of understanding (MoU) with Turkey’s export credit agency — Turk Eximbank to enhance trade and support business relations between the UAE and Turkey. The two export credit agencies will work together to facilitate trade and export and ease access to credit insurance ...

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DFM to launch trading Oman crude oil futures

  DUBAI / WAM The Dubai Financial Market (DFM) announced on Thursday that it is launching trading of its new Micro Oman Crude Oil Contracts on June 1, providing investors with a unique investment opportunity The Micro Oman Crude Oil Contract will represent a significant addition to DFM growing futures market. It enables investors’ seamless access to gain on the ...

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Alpha Dhabi to invest $2.5b in new venture capital fund

  Abu Dhabi / WAM Alpha Dhabi Holding announced its commitment to invest AED9.2 billion ($2.5 billion) in Chimera Capital and Alpha Wave’s landmark “Alpha Wave Ventures II” venture fund, which was announced and launched at the beginning of the year. The total commitment comprises a capital contribution of AED2.6 billion and an undrawn capital commitment of AED6.6 billion, which will ...

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