03/19/2020
DriveWealth signs UAE-based WealthFace
Wealthface Founder & CEO Bilal Majbour stated: "Our partnership with DriveWealth is a significant manifestation of our vision to make the U.S. equity market accessible to everyone everywhere.
Alternative Investments
03/18/2020
UAE's SHUAA forecasts $13.6mln annual synergies from ADFG merger by Q2 2021
SHUAA's assets under management reached $14bln in 2019, up 15% year-on-year
03/18/2020
NMC Health reassures staff on salary payments
UAE's largest hospital operator also reassures staff about prompt salary payments
03/18/2020
Govt's financial package announcement lifts QSE above 8,400 levels
There was increased net buying from domestic institutions in the market, whose year-to-date losses were trimmed to 19.13%.
03/18/2020
Finablr faces possible insolvency; central bank seizes UAE Exchange ops
The shares have fallen by more than 90% this year
03/18/2020
Dubai Holding and Meraas announce $270mln coronavirus relief package
Relief package for businesses or individuals affected by the outbreak of coronavirus
03/18/2020
Oman Insurance considers bid for AXA's Middle East operations
Oman Insurance operates 12 branches in the United Arab Emirates and has businesses in Oman and Turkey.
03/17/2020
Kamco records 18.57% profit increase in 2019; dividends proposed
The growth in profits is attributed to higher fee income and net gains from financial assets
03/17/2020
Emaar suspends entertainment at all its attractions across Dubai
The list of establishments that will be closed until the end of March include Dubai Opera, VR Park and the Dubai Aquarium & Underwater Zoo
03/16/2020
Oil giant Saudi Aramco sees 2019 profits drop 20% to $88.2B
In its results, Aramco blamed lower crude oil prices and declining margins for its chemical sales for lowering profits.
03/16/2020
SAMA unveils SR50bn economic stimulus package to offset coronavirus impacts
As part of the stimulus package, up to SR30 billion is earmarked for banks and finance institutions for deferred loan payments by SMEs for six months with immediate effect.
03/16/2020
Coronavirus, oil price collapse to hurt GCC banks’ profitability
Prolonged low oil prices to adversely impact liquidity and asset quality
03/16/2020
Alpha1Estates: Makkah-Madinah Real Estate Index underperforms in 2019 as REITs gain
Global real estate advisory firm Alpha1Estates International said on Sunday that its real estate index for Makkah and Madinah had fallen by nearly 4% in 2019
03/13/2020
BCG launches 2020 edition of Jeel Tamooh
BCG's empowering initiative prepares 100 high-potential young Saudi university students to be future leaders
03/13/2020
Saudi based Alinma Investment stuns the market with their Sukuk Bond ETF launch
Coming with a management fee of 0.25 per cent per year, this is considerably cheaper than the 0.65 per cent fee charged by SP Funds which launched a rival Sukuk Bond ETF a few weeks earlier.
03/13/2020
Kenya Re targets Egypt with Sharia-compliant subsidiary
The State-controlled reinsurer says last year’s decision to issue an additional 2.099 billion bonus shares saw its capital base quadruple from Ksh1.75 billion ($17.5 million) to Ksh6.99 billion ($69.9 million).
03/12/2020
Dubai developers go slow with new launches, private sector leads
Slowdown can be seen as a natural move due to subdued market conditions
03/12/2020
Kuwait's foreign reserves top $39.12bln in January
Foreign reserves grew by 1.5% monthly last January
03/12/2020
Empowering women pays off, says founder of Dubai-based Millennial Capital
Drawing on her experience in investing in regional markets
03/12/2020
Cavendish Maxwell boosts UAE ops with Sharjah office
The opening of the new office comes amidst a correction in prices and rents across residential and commercial real estate in the UAE.