12/30/2021
Egypt to join BRICS New Development Bank
Membership of the NDB becomes effective once the admitted country completes its domestic processes and deposits the instrument of accession.
Alternative Investments
12/30/2021
Suez Canal to establish sovereign wealth fund
The Suez Canal Authority has unveiled a plan to establish a sovereign wealth fund to shield the canal from fluctuations in global trade and crises like COVID-19.
12/29/2021
Egypt to launch first insurance policy for citizens living abroad
The project will be carried out in cooperation with the Financial Regulatory Authority
12/29/2021
Sharjah ruler approves $9.37bln budget for 2022
Out of the total budget expenditure, 44% will be allocated to the infrastructure sector, 27% to the economic development
12/29/2021
Real estate is second contributing sector to Saudi GDP, housing minister says
The real estate sector provided 40,000 job opportunities in 2021
12/29/2021
GCC BDI announces First Abu Dhabi Bank as strategic partner
This strategic partnership with First Abu Dhabi Bank aligns with GCC BDI’s objectives to strengthen corporate governance in the GCC region
12/29/2021
Walkers Fundamentals White Paper 2021 – Regional Update: Asia & MENA
Lockdowns have oscillated between full, partial and non-existent.
12/29/2021
Kuwait’s Warba Bank lists $250m sukuk on Nasdaq Dubai
The listing is the lender’s third on the exchange
12/27/2021
Ajman Bank and EDB collaborate to offer credit guarantees and co-lending support to SMEs
The Ajman lender will offer up to $2.72m in financing to an SME, with 50% of the amount either guaranteed or co-lent by EDB
12/27/2021
Global Bond Winners for 2021 All Came From Emerging Markets
A deeper look into 2021 performance shows the top performers have mostly fallen in price, but coupon returns were high enough to offset these losses.
12/27/2021
MIS, Al-Rajhi Capital to launch $266m Shariah-compliant investment fund
MIS was established in 1979 in Riyadh and it is the Kingdom’s first listed company in the category of IT.
12/26/2021
KPMG records strong growth in FY21 in the UAE
KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021
12/26/2021
Amaar Real Estate and McKinsey & Company sign agreement
As per the agreement, the globally leading consulting firm McKinsey will develop the strategy and a business plan for the establishment of Amaar capital
12/24/2021
Foreign institutions remain bullish on Qatar bourse: QNBFS
Of the 47 traded companies, 12 ended the week higher, while 35 ended lower.
12/23/2021
Group ONE Closes US$150 Million Equity Financing Round Led by Guggenheim Investments and Qatar Investment Authority
ONE's latest equity financing round reflects the strong momentum the Company has generated as it positions itself for significant opportunities in 2022.
12/23/2021
Saudi Arabia’s Jadwa launches $66.6m fund to invest in property market
Al Shorfa Investment Fund aims to develop multiple commercial complexes in Riyadh and Jeddah
12/23/2021
Saudi British Bank sells stake in Wataniya Insurance for $21.3mln
The stake represents 20% of Wataniya's share capital
12/23/2021
Saudi Arabia's CMA approves IPO application of digital security firm Elm
Companies that secure approval from the CMA have six months to launch their public share-sale.
12/22/2021
NIC appoints Gulf Bank as selli agent of Al Wataniya Fund
The Bank is recognized for providing leading financial services via its wide network of branches across the country.
12/22/2021
Some investors turn cautious on Egypt's lucrative carry trade
Investors says short-term exposure could expose Egypt to shocks