02/12/2021
UAE's Oman Insurance records its best net income in 5 years, at Dh196.5m
Cost control and cash collection helps leading insurer get over COVID-19 issues
Alternative Investments
02/12/2021
Kuwait pension fund posts record asset gain but braces for volatility
The $132bn fund recorded 19.4% growth in assets during the first nine months of fiscal year
02/11/2021
Saudi Arabia, Oman most exposed to diminishing fiscal uplift from SWF buffers
Lower hydrocarbon revenues will translate into persistently higher budget deficits leading to higher financing requirements, Moody's said
02/11/2021
MENA states keen to invest in smart cities, social infra under BRI
There is also a rising interest in ‘greener’, more sustainable and eco-friendly sectors such as renewables
02/11/2021
NMC picks advisers to explore sale of core UAE, Oman business
The sale process will run in parallel with the ongoing restructuring discussions with NMC's lenders
02/11/2021
PwC's framework for delivering virtual healthcare strategies
Strategy and governance – As virtual solutions are now deployed throughout the region as a result of Covid-19, health providers should define the long-term strategic direction of virtual care.
02/11/2021
Dubai's stalled skyscraper project Marina 101 close to getting new investor
Dh800m tower is at 97% completion, but delayed after developer's payment issues
02/11/2021
Total deposits in Oman's banking sector grow 2.9% to OMR24.3 billion
The Omani oil price averaged $46.0 per barrel during January- December 2020, was lower by 27.6 per cent over the corresponding period of last year.
02/10/2021
UAE most competitive market in GCC; 4th globally
The UAE also topped all three individual sub-indices in the region
02/10/2021
Interview: UAE's Bee'ah to explore waste-to-energy plant opportunities in the region - CEO
The Sharjah-based company plans to make its home city the region's first to send zero waste to landfill, group CEO says
02/10/2021
Saudi's Anaam Holding to increase capital, targets $56mln
The company aims to finance future projects, acquisitions and investments
02/10/2021
Saudi PIF invests in NBK Capital Partners' shariah credit fund
PIF, which has largely invested in equities and infrastructure, is making a rare foray into a credit fund
02/10/2021
Abu Dhabi to see 'spike' in new residential supply in 2021
Around 7,000 apartments, villas scheduled for delivery before year-end
02/10/2021
Sharjah real estate transactions value record AED 15.9 billion in 2020
Al Shamsi: Sharjah real estate sector sees quantum leaps due to the incessant support of our prudent leadership
02/10/2021
EBRD and EU to promote green investments in Jordan
The EBRD aims to build green, low carbon and resilient economies through its Green Economy Transition approach
02/10/2021
Egypt sells international bonds worth $3.75bn
The first issuance, for $2 billion, was in 2019 and was part of the ministry’s plan to diversify its funding sources and focus on longer-term debt.
02/10/2021
National Commercial Bank issues board circular for planned merger with Samba
NCB received yesterday the approval of the Capital Market Authority (CMA) to increase its capital from SR 30 billion ($8 million) to SR 44.78 billion, through issuing 1.478 billion ordinary shares.
02/09/2021
7 reasons why mutual funds are great for savings
Savvy investors prefer mutual funds due to benefits like diversification and accessibility
02/09/2021
Dubai's hospitality, residential and office real estate market
Travel restrictions and lockdowns have significantly impacted Dubai’s hospitality market.
02/09/2021
NBB Group to migrate its SWIFT system to Amazon Web Services
This marks as an important step towards transforming how NBB Group is positioning the cloud at the centre of their digital transformation roadmap