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MUST-READS

  • Uber-Careem
    Careem’s Exit Is A Great Moment For MENA VC, But The Ecosystem Still Has Gaps

    While we all applaud Careem's recent announcement, I hope that big acquisitions don't distract us from the work that still needs to be done to improve our venture capital and entrepreneurial ecosystem.

  • Entrepreneurs
    Building An Investment Culture In The MENA Region

    First, they struggle to secure funding outside of the three Fs: family, friends and “fools.” Second, they struggle to find the right support and investors for their businesses. Third, they struggle to earn and maintain customer loyalty.

  • STV
    Saudi Technology Ventures funding rounds account for 30% of MENA capital

    STV led $250m worth of funding rounds in 2018, deploying $100m of its $500m fund in its first year of operation

  • Saudi Satellite
    Launch of Saudi satellite enables communications at ultra-fast speed, allows Saudi Arabia to provide high-specification services to MENA, Europe, Africa, Central Asia

    The Saudi communications satellite (SGS-1), which is the first satellite of its kind to be owned by the Kingdom, will offer multiple applications that include broadband telecommunications, highly secured communications, as well as communications dedicated for remote areas and disaster-stricken areas.

  • Debt Finance
    MENA may issue over $80bn of debt in 2019

    MENA hard currency bond and sukuk issuance reached $84 billion in 2018, with demand for new issues remaining high as regional debt was oversubscribed 2x -2.5x, according to a white paper by Emirates NBD Asset Management, KAMCO Investment Company and Fisch Asset Management. Investor appetite is likely to remain strong in 2019, as GCC bonds are included in the JP Morgan EMBI index series and regional governments sustain ambitious reform agendas. The co-authored paper, “MENA debt: an evolving world for fixed income investors”, provides an in-depth look at regional fixed income in 2018 and provides an outlook for 2019.

  • U.S. Ambassadors
    Trump moves to fill diplomatic void in MENA

    The nominations would fill several longstanding vacancies, including the ambassadorship to Saudi Arabia, which has been open since Trump took office two years ago. Trump nominated John Abizaid, a former US Army general who oversaw the US occupation of Iraq and military operations across the Middle East, for the position.

  • MENA Loans
    Saudi borrowers fuel MENA syndicated loan boom

    Newly published league tables from Bloomberg show that regional loans increased by more than half last year, surpassing the previous record set in 2007.

  • HSBC
    HSBC sees doubling of commercial bank’s MENA profit by 2023: executive

    China’s Belt and Road Initiative and plans by Gulf economies to diversify from oil will help HSBC (HSBA.L) to more than double its profit within its commercial bank in the Middle East and North Africa, a senior bank executive said.

  • IMF
    IMF raises Saudi growth forecast but lowers MENA, global expectations

    The International Monetary Fund (IMF) on Tuesday predicted that the Saudi economy and those of other Gulf oil exporters would grow faster this year than it previously anticipated. The fund raised its 2018 growth forecast for the kingdom from the 1.9 per cent it said in July to 2.2 per cent. Its growth forecast for next year was increased from 1.9 per cent to 2.4 per cent. This compares to a 0.9 per cent contraction in the economy last year.

  • Arc of Crisis
    The Arc Of Crisis in the Mena Region Fragmentation, Decentralization, and Islamist Opposition

    The authors provide case studies from Tunisia, Libya, Egypt, Syria, Iraq, and Jordan. By exploring the unique case in each country, this report identifies patterns that elucidate larger trends that may impact the future of the MENA region.