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
Alternative Investments
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
09/14/2021
Dubai's Emaar hires Emirates NBD for sale of e-commerce business Namshi - sources
Emaar is now weighing options to sell the business either through an outright sale
09/14/2021
Montfort Group enters East African market by acquiring Kencor Petroleum Limited in Kenya
This acquisition marks Montfort's strategic entry into East Africa, one of Africa's major markets
09/13/2021
Quantuma launches in the Middle East with new UAE office
The Quantuma story started in the UK in 2013, when the consulting firm opened our first office in Southampton.
09/13/2021
Abu Dhabi's state holding firm ADQ hires more bankers as it steps up dealmaking
The hiring spree comes as the fund's appetite for deals at home
09/08/2021
Saudi Arabia’s PIF hires 5 banks for ESG panel on green finance push
The selected banks are Credit Agricole, Deutsche Bank, Goldman Sachs, HSBC and Standard Chartered
09/08/2021
Dubai International Financial Centre continues strong growth in H1 2021
492 new companies join DIFC in H1 2021, a 59% increase from the same period in 2020
09/08/2021
Axa sells insurance operations in Gulf region
The sale of AXA’s 28% shareholding in AXA Green Crescent Insurance Company (in UAE),