12/02/2020
UAE, an attractive business destination
There are over 600 Singapore companies, operating in diversified fields, doing business in the country.
Alternative Investments
12/01/2020
GFH acquires Athena private school for special education
Athena, which began operations around one year ago, has quickly established itself as the premiere K-16+ school providing full-time educational resources and support to students with a broad range special needs
12/01/2020
Egypt finance minister says expects disbursal of $1.6bn of IMF funding by December-end
The IMF mission to Egypt was completed remotely from Nov. 4 to 15.
11/30/2020
Saudi's Alkhabeer eyes $266mln for new fund, subscription starts in December
Fund offers investors opportunity to invest in income-generating assets
11/30/2020
Sohar International concludes $100mln loan syndication
Sohar International had mandated United Arab Emirates based Mashreqbank on its behalf, to lead and arrange the syndication
11/30/2020
RAK Finance Department, Emirates Auction strengthen cooperation in organizing online auctions
To organize exclusive auctions for selling all RAK Government-owned assets
11/30/2020
Business Excellence Awards: RAK Bank's Al Hamra Branch wins coveted recognition
Award part of Dubai Economy's Dubai Service Excellence Scheme
11/30/2020
ADIB Securities reports strong US share trading amid market volatility
Over the last ten months, ADIB Securities has quadrupled its customer-base for those trading U.S. stocks; and which has helped it triple its revenue in 2020 for the U.S. desk
11/30/2020
Outlook 2021: Challenging outlook offers varied picture for GCC banks
The GCC governments’ measures to help corporates and individuals navigate the challenging environment have taken various forms
11/30/2020
Axa exits Gulf operations by selling stake for $269m to Kuwaiti firm
Divestment represents part of major global consolidation move by French insurer
11/30/2020
Emirates NBD Debuts Omnichannel Corporate Banking Program
The aggregation model works to provide advice for clients on business requirements to help enact a one-stop shop for banking products.
11/27/2020
Sarwa Capital announces closing of its EGP 2.5bn inaugural Sukuk issuance
The proceeds will be used for further expansion of Contact Credit and its affiliate companies.
11/27/2020
Qatar may attract FDI through PPP initiatives to meet healthcare sector demand: Alpen Capital
According to Alpen Capital, Qatar has already introduced compulsory health insurance for residents, enabling them to access affordable services at private facilities as well.
11/27/2020
Gulf bonds likely to set new record in 2021 amid budget squeeze
The oil-rich region saw a second consecutive year of record international bonds, topping $100 billion, as issuers' finances were battered by the COVID-19 pandemic along with low oil prices, with a few issues still possible before year-end
11/27/2020
Saudi Aramco’s $8 bln bond issue attracts 150 investors, says official
Saudi Aramco announced yesterday, Nov. 25, the successful completion of $8 billion senior, dollar-denominated bonds, unsecured by assets under its Global Medium-Term Note (GMTN) Program, data compiled by Argaam showed.
11/27/2020
Qatari investment body to acquire 10% share in Borsa Istanbul
The two countries on Thursday signed a total of 10 new deals to further advance their relations.
11/27/2020
QE's benchmark index surges 180 points in a week
Among the top losers, Dlala Brokerage & Investment Holding Company fell 4.7 percent, while Mazaya Real Estate Development was down 3.3 percent.
11/26/2020
Abu Dhabi’s Mubadala seeks Israeli tech, investment partners
Since the UAE and Israel agreed to normalize relations in August, the two countries have signed a host of accords to boost economic and business ties
11/26/2020
Turkey’s economy expected to grow 4.8% year-on-year in Q3
Turkey has recently imposed new measures to combat the coronavirus outbreak, as new daily symptomatic cases and deaths reached record levels in recent days.
11/26/2020
Why GCC bank profits will remain under stress despite Q3 revival?
Shrinking interest margins and higher provisions continue to hurt bank earnings