09/27/2021
Bahrain’s Investcorp set to be a $100bn company in 7 years: CEO
The company is currently pursuing a five-year growth plan.
Alternative Investments
09/23/2021
Central Bank of UAE projects 4.2% GDP growth in 2022
In Q2-2021, outward personal remittances form UAE increased by 8.7% year-on-year
09/23/2021
Egypt CIRA’s OGM nods to cash dividends distribution
The dividends will be paid within a month from the date of holding the OGM
09/23/2021
Govt companies in Oman urged to be self-sustaining
No government companies will get money from the state’s general budget to run their business
09/23/2021
EBRD and J.P. Morgan support women entrepreneurs in Istanbul
The companies operate in a wide range of sectors, from garment manufacturing to the design of business software or metal processing.
09/22/2021
Dubai's real estate transactions reach $4bln in August 2021
August 2021 is the second-highest month since December 2013 in terms of the number of sales transactions
09/22/2021
Dubai is at the frontier of leading financial markets, study by Dubai Competitiveness Office shows
Regulatory reforms, partnerships and futuristic initiatives have enabled Dubai to evolve a competitive financial market ecosystem
09/22/2021
UAE economy to grow 2.1% this year, central bank says
"Economic activity in the UAE continued its recovery in the second quarter, with growth reaching almost pre-COVID-19 levels," the central bank said
09/21/2021
Good COVID-19 care added to Saudi’s investment attraction, says Sedco chief
Saudi Arabia is shifting toward cleaner energy, even though oil will continue to be an important component of our economy, says Abu Aker
09/21/2021
RoyalJet expands into Dubai as private jet demand grows
Demand for private flights expected to surge further as Expo 2020 draws near
09/20/2021
Gargash Group announces the acquisition
The acquisition enhances Gargash Group's service offerings in the financial services sector
09/20/2021
Investcorp Credit Management releases Q3 "House View" on global credit markets
Strong Market Performance Driven by Continued Global Economic Recovery, Favorable Credit Fundamentals and Strong Loan Demand
09/17/2021
Wataniya Insurance board recommends $53.3m capital increase
The company plans to use the proceeds to support its future plans and increase its solvency margin
09/16/2021
Saudi Real Estate Co. to raise $426.4mln to finance Qiddiya, Roshan projects
The aim is to finance and implement Al Akaria’s future plans and projects and expand its various activities
09/16/2021
Number of Israeli companies in UAE to grow 100% by 2022: UIBC chief
There are few countries that have achieved what the UAE has over the past half century, the executive said.
09/16/2021
UAE pledges to expand investment in Britain
Multibillion-pound commitment will make other investors ‘sit up and take notice’, says UK minister
09/15/2021
Kuwait's Burgan Bank gets approval to issue up to $500mln unsecured bonds
Proceeds from the issuance to reinforce liquidity
09/14/2021
QFC, Rwanda Finance sign agreement to promote mutual collaboration
"This partnership between our financial centres builds on the excellent existing relations between Rwanda and Qatar."
09/14/2021
Shuaa ex-deputy CEO eyes $1.3bn target with new asset management firm
From helping transform one small boutique firm to a $14bn AUM giant, Mustafa Kheriba has now established Arithma Capital to become 'a leading asset manager with an alternative approach'
09/14/2021
Dubai's Gulf Islamic Investments to acquire stake in Saudi healthcare firm
Plan part of $1bln expansion plan in kingdom