02/03/2021
$19.8bln properties sold in Dubai in 2020; market up 270% from lowest level in May
Sector headed for V-shaped recovery, according to official sales price index
Alternative Investments
02/03/2021
Kuwait wealth fund commits to London base despite legal dispute
Kuwait Investment Office says confident it will recover public funds at the centre of a legal dispute in the High Court in London
02/02/2021
Kuwait's Agility invests $35mln in Queen's Gambit Growth Capital
According to the logistics provider, the new investment gives it a chance to take a more inclusive view of opportunities in the market
02/02/2021
Big changes ahead for the Saudi office market in 2021 post-COVID
Riyadh’s office market is forecast to see the handover of almost 430,000 square meters of office space this year, with the majority being Grade A quality units
02/02/2021
The IsDB Group Private Sector entities will hold webinar to introduce AATB's investment pillar to financial institutions and partners
The webinar is set to discuss a number of topics
02/02/2021
Spire teams up with ZASK Associates to launch in Middle East
The firm’s offerings help leaders with among others creating business plans, developing sales plans, quantifying budgets and investment as well as refining product launch decisions.
02/02/2021
Uptick in Qatar’s real estate demand: KPMG
Qatar is also experiencing increased real estate transactions.
02/02/2021
“Kamco Invest” led 6 bond and sukuk offerings during 2020 amounting to over USD2.6bn
The transactions included four local and two regional offerings in Kuwaiti Dinars and US Dollars with fixed and variable rates.
02/02/2021
Egypt welcomes positive perception of economic growth by Moody's, S&P Global
The report of Moody's credit rating agency, which pointed out that the strong domestic financing base and international reserves are capable of absorbing capital exits, which will support the country's credit rating in 2021.
02/02/2021
Abu Dhabi pension fund to acquire 31% stake in ADNOC property vehicle for $900mln
Deal part of ADNOC's strategy to unlock value from non-oil assets
02/01/2021
UAE citizenship initiative is a game changer, set to benefit property market and knowledge economy
The move will help UAE businesses to attract and retain top talent and there are potential spillovers for the financial sector in the country, economists say
02/01/2021
Riyadh attracts 24 new corporate groups to set up in the Saudi capital
The companies - including such heavyweights as PepsiCo, Schlumberger, Bechtel and Boston Scientific - announced their plans on the second day of the Future Investment Initiative
02/01/2021
Trade between Dubai and Israel reaches $272mln in five months
Opening new markets and stimulating mutual trade between Dubai and Israel will encourage companies to increase production
02/01/2021
Middle East sets eyes on the global market
Why the region is increasingly interested in FX markets
01/31/2021
Saudi SABIC posts $592mln net profit as certain impairments reversed
SABIC had reported a net loss of $237.2mln in the same quarter in 2019
01/29/2021
Top 10 business investment options in Dubai for India's best minds
Towards this end, the UAE Government recently went one step further allowing 100% ownership for overseas investors.
01/29/2021
Turkey to Forge Closer Ties with ASEAN and Asia
Despite relations with Turkey dating back to 1999, no country in the Southeast Asian region features among Turkey’s top-15 trading partners.
01/29/2021
Saudi crown prince unveils plan to make Riyadh one of world's 10 largest city economies
True growth begins in city, whether in terms of industry, innovation, education, services, or other sectors, Crown Prince tells FII gathering in Saudi capital
01/29/2021
Saudi, UK ministers discuss investment opportunities
Al-Swaha reviewed the potential of the digital infrastructure in the Kingdom, and opportunities to attract leading technology companies in the UK to invest in Saudi Arabia.
01/29/2021
Saudi aims to become ‘next Germany’ of renewable energy
Prince Abdulaziz said Saudi Arabia planned to convert half its power sector to gas, while the remainder would be fuelled by renewable energy.