11/25/2020
Nasdaq Dubai Launches Growth Market
In order to conduct an IPO on the Growth Market an entity must qualify as an SME pursuant to the DFSA's Markets Rules (MKT) at the time of listing.
Alternative Investments
11/24/2020
QIC ranked 'Top Investment House' from Mena region for third year in a row
In addition, the ranking score was also subject to a weighting methodology, which was determined by the rating of the individual casting the vote for the investors.
11/24/2020
Dubai insurer Aman comes up with a three-year growth revival plan
Plan fixates on operational gains through expansion as well as via investments
11/23/2020
Aldar Properties’ Noya project sold within four hours of launch
The sale generated over Dhs1bn
11/23/2020
Mubadala joins One Planet Sovereign Wealth Funds
The Funds is a voluntary organisation of global sovereign wealth funds committed to working together to strengthen the sovereign wealth fund community through defining best practices, dialogue, research, and self-assessment.
11/23/2020
Dubai’s International Financial Centre signs agreement with Israel’s Bank Hapoalim
The agreement will allow Bank Hapoalim to become part of DIFC’s network
11/23/2020
Bahrain economy ‘expected to recover in 2021’: S&P
S&P has forecast Bahrain’s real GDP contracting by 5% this year
11/23/2020
SAMA’s miscellaneous assets soar 3,344% in a year
The value of the assets in local paper currencies is amounted to SR31.43 billion, while the coins amounted to SR25 million.
11/20/2020
EBRD, EU help improve telecommunications services in Jordan
The availability of affordable high-speed broadband will benefit local small- and medium-sized enterprises (SMEs) as well as households.
11/20/2020
EIB provided €1.7B funding to support Egyptian SMEs
Another cooperation agreement was signed regarding the feasibility study for the project of rehabilitating the second line of the Cairo subway with an amount of €1.2 million.
11/20/2020
Saudi fund raises ownership stake in ACWA Power to 50%
PIF, which manages $360 billion worth of funds, pursues a two-pronged strategy — building an international portfolio of investments and investing locally in projects
11/20/2020
‘100% renewable energy’ luxury resort in Saudi Arabia will use 1,000MWh battery storage system
The site is expected to have an initial demand of 210MW and the consortium was awarded a 25-year contract.
11/20/2020
Aldar launches Noya on Yas island
The community features townhouses and villas, with prices starting from AED 1.49 million
11/20/2020
Saudi Aramco targeted by climate action investor group
Climate Action 100+ has more than 500 investors and $47 trillion in assets
11/20/2020
UAE’s Fruitful Day raises over Dhs3m to fund expansion
The company will use the funds for horizontal and vertical expansion
11/19/2020
Turkish economy faces another year of turmoil
Ankara’s growth strategy — based largely on easy credit — is well past its expiry date, analysts warn
11/19/2020
GFH successfully closes US & Global Tech opportunities subscription
The investments have remained relatively resilient during Covid-19 and are expected to perform strongly as the businesses continue to build on the large addressable market opportunity
11/19/2020
Emaar's founder Alabbar sees situation getting better in 9 to 12 months
Shopping malls, restaurants are doing relatively well, says Mohamed Alabbar, founder of Emaar Properties and e-commerce platform noon.com
11/19/2020
Dubai’s SHUAA targets citizenship-for-investment market with $118m fund
Asset management firm has entered a new partnership, with its first project in Montenegro
11/19/2020
Abu Dhabi, Oman Trade Grows 38% To $1.24B In 2020
The General Administration of Customs in Abu Dhabi also said that non-oil trade between Abu Dhabi and Oman through the Emirate’s ports in the past five years touched $6.44 billion.