10/27/2020
Dubai's Al Mal Capital secures approval for REIT IPO
Al Mal Capital REIT will be listed on Dubai Financial Market with target offer of $136mln
Alternative Investments
10/27/2020
Dubai developer Union Properties pays off $19mln of debt
Developer says payment is part of debt restructuring announced in August
10/26/2020
Dubai logistics sector is key focus of emirate's new $136m support package
Number of support measures for logistics firms are extended as Sheikh Hamdan unveils renewed support for Dubai's businesses
10/26/2020
Saudi Arabia's STC hires banks for IPO of subsidiary -sources
STC, Saudi Arabia’s largest telecoms operator, has appointed HSBC, Morgan Stanley and the investment banking arm of Saudi lender National Commercial Bank to advise on the sale
10/26/2020
EY: MENA finance leaders agree that accelerating digital transformation is key to implementing agile finance operating models
56% of MENA finance leaders prioritizing digital and automation capabilities
10/26/2020
Apex Appointed by Lorax Capital Partners for LCP Fund II
Apex’s experienced team will deliver a full suite of fund administration services to the LCP Fund II entities including investor reporting, accounting, corporate and compliance services.
10/26/2020
Commercial Bank of Dubai's Dh600m bond issue pulls in heavy institutional interest
Its 6% yield is lowest from any Dubai bank for Basel II compliant AT1 issue
10/26/2020
QFC virtually connects world’s financial hubs to Qatar’s buoyant market
The first day kicked off with two key webinars, including a ‘Getting to Know Qatar’ segment that introduced the high-level guests to Qatar’s bourgeoning business ecosystem and exhibited the country’s rising FinTech landscape with i
10/25/2020
UAE merges insurance authority with central bank
The decision also transfers all operational and executive powers of the Securities and Commodities Authority to the local stock markets.
10/23/2020
QSE witnesses strong buying interests from domestic, foreign and Gulf funds
Market capitalisation saw about QR6bn, or 0.97%, decrease to QR587.99bn, mainly owing to mid and microcap segments.
10/23/2020
The slow rise of neobanking in the Middle East
Neobanks are wholly digital, with no physical presence and are independent from the traditional banks.
10/23/2020
UAE invests in Lulu group
The Abu Dhabi Securities Exchange and Abu Dhabi Airports are some of the most substantial assets of the UAE that are being held by ADQ.
10/22/2020
Outlook: More GCC banks likely to consolidate amid tight economy, flat oil prices
UAE remains committed towards economic development, said, Mohammed Ibrahim Al Shaibani, chairman of DIB
10/22/2020
Saudi investment minister stresses importance of public-private partnership for sustainable growth
Al-Falih said the Saudi government has taken several measures to protect investors.
10/22/2020
The Dubai government is offering 5-year debt securities
UAE banks are facing high levels of costs and low revenues, in light of the double blow to the economy due to the repercussions of the new Corona and the low oil prices.
10/21/2020
Africa Re picks Dubai for Middle East expansion
Africa Re is said to have more than ten years of experience in offering Retakaful products that are Sharia-compliant and vital for Takaful companies to meet their business needs.
10/21/2020
Oman’s bond market return a key test for reform path
After becoming ruler in January, Sultan Haitham made shaking up and modernising state finances a top priority
10/21/2020
Reducing the cost of infrastructure and capital projects
What, then, should industry participants do in order to remain competitive, deliver value and remain profitable?
10/21/2020
Saudi Arabia investors eye Cyprus for investment
Cyprus and Saudi Arabia will benefit from closer and stronger trade and a foreign direct investment relationship that will amplify growth and prosperity in short and long terms.
10/21/2020
Why the future's green for financing, investment in the Gulf
Sustainable investment and financing is fast becoming a necessity for companies, says senior Abu Dhabi Global Market exec