08/04/2020
The move is aimed to limit risks from property slump
The United Arab Emirates is cracking down on the misuse of home loans to prevent risky borrowing as an ongoing property slump weighs on banks.
Alternative Investments
08/04/2020
Dubai records 190 FDI deals worth $3.3bln
Dubai had attracted $12.7 billion in foreign investments in H1 2019
08/04/2020
ValuStrat: UAE real estate market ‘shaken’ by the Coronavirus pandemic
Home sales transactions fell by almost 50% between the first two quarters of the year, reveals new real estate report by consulting firm
08/03/2020
Dubai developers keen to deliver projects ahead of Expo
Emirate's property sector proves resilience during coronavirus period, completing 30% of 45,720 units in H1
08/03/2020
DMCC cuts business set-up fees by 50% for diamond companies
The reduction is effective immediately and valid until 30 September
08/03/2020
Dubai Investments reports 42% drop in half yearly profits
Dubai Investments revealed H1 profits decreased to $55.78m as a result of Covid-19 impact
07/31/2020
Outlook: Weakening capital buffers could trigger negative rating on GCC insurers: S&P
High exposure to equites, other high-risk assets put earnings and capital buffers of GCC insurers at risk
07/31/2020
Upbeat non-hydrocarbons sector helps Qatar post gain in Q1 real growth: PSA
The agriculture, forestry and fishing registered growth of 0.6% and 8.1% year-on-year and quarter-on-quarter in Q1 2020 on a real basis.
07/31/2020
UDC posts net profit of QR101m in H1 2020
UDC is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing shareholder value.
07/31/2020
Saudi Arabia's Economy Hit Hard by COVID-19, Posts $29 Billion Deficit in Q2 2020
Economists have said this could restrict recovery as curbs aimed at reducing the spread of the coronavirus are lifted.
07/31/2020
Newcastle owner Mike Ashley banks £17m from takeover saga despite Saudi’s proposed £300m deal collapsing
The takeover has been dogged by trouble from the outset.
07/31/2020
Saudi firms struggle to maintain investor relations
Amid the Covid-19 crisis, too many Saudi companies are forgetting that investor relations is an “essential” part of their businesses
07/30/2020
Metlife Gulf releases its 2020 Claims report
The report covers data from 2017-2019 and offers a detailed look at all aspects of Medical and Individual claims for MetLife in the Gulf region
07/30/2020
MENA fund managers to increase Saudi investments with eye to recovery
Half of the eight fund managers polled by Reuters said they would increase their allocations in Saudi Arabia, the Gulf's largest economy
07/29/2020
Aramco CEO honored with Kavaler Award
The recipient of the Kavaler Award is chosen by a peer group of executives in the chemicals industry, selected by the consultancy ICIS, and the Chemist’s Club, a professional executive organization.
07/29/2020
Gulf banks are weathering the pandemic storm — for now
After the most challenging six months for years because of the pandemic lockdown and sharp fall in economic activity, a big jump in bad debts might be a healthy sign of financial prudence on the part of ENBD.
07/29/2020
Apex Dubai Expands Relationship with ENBD REIT
Apex to provide ENBD REIT with property-level accounting and reporting services through the Yardi platform
07/28/2020
Alliance Global supports the MenaLabs in Dubai in the fight against COVID-19
The Alliance Global team provided technical and applications training to MenaLabs' personnel to help them use the installed system optimally
07/28/2020
Sharjah developer Arada bucks UAE property downturn with 10% rise in H1 sales
Emirati investors and project handovers boost sales for Sharjah's largest property player
07/28/2020
Private sector companies in Abu Dhabi restricted to 60% on-site workforce capacity
Abu Dhabi has issued a new set of precautionary guidelines for all private sector firms operating within the emirate