Abu Dhabi-based Investcorp Capital plc has announced its agreement to invest in Epipoli, a prominent alternative payments enabler in Italy. This investment comes after Investcorp Group signed a definitive agreement to acquire Epipoli from Bregal Milestone and its founder and CEO, Gaetano Giannetto, who will continue to manage the company. The terms of the transaction...
Dubai’s hedge fund sector has experienced significant growth, increasing the number of operating hedge funds to 75. This surge comes as the emirate welcomes new multi-billion dollar firms, including Tudor Investment Corp and Walleye Capital. In addition to these prominent firms, Dymon Asia and JJJ Capital also established offices in Dubai last year, further enhancing...
The UAE’s insurance market witnessed remarkable growth in 2024, with gross written premiums (GWP) reaching AED64.5bn ($17.6bn), up by 21% from AED53.3bn in 2023. The Central Bank of the UAE (CBUAE) highlighted this surge in its annual statement, underscoring the nation’s continued leadership in the region’s financial sector. This growth in the insurance sector aligns...