07/27/2020
Saudi's Taiba Investments secures $361.8mln financing from Al Bilad Bank
The company said in a statement that the financing period will be 14 years
Alternative Investments
07/27/2020
Markaz: Issuances by GCC sovereign entities increased by 40% year-on-year amid growing budget deficits after the double blow of Covid-19 and slump in oil prices
Primary issuances of Bonds and Sukuk in the GCC amounted to USD 70.7 billion during H1-2020, an increase of 9% year-on-year
07/27/2020
Saudi Stock Exchange to Stimulate Sustainability for Family Businesses
They invited family companies to seize the opportunity of the financial market to gain sustainability through the Tadawul market and Nomu, especially with the incentives and procedural facilities that are being provided.
07/27/2020
What’s next for venture capital in the Middle East?
Although venture capital funding has slowed across the MENA region in the wake of the coronavirus crisis, there remain several opportunities for entrepreneurs, says Fady Yacoub, of the global technology investment firm HOF Capital.
07/27/2020
European Bank for Reconstruction and Development triples investments in Egypt
Egypt now accounts for nearly 10% of EBRD’s total six-month investments worth $5.8bln across 38 economies
07/24/2020
UAE developer offers a way out for offplan buyers in distressed projects
Company says it will offer options to investors to transfer to secure and ready projects
07/24/2020
Qatar among top 10 emerging market sovereign issuers in H1: Moody's
Despite enduring the temporary market shutdown in March, EM eurobond issuance is running at a record rate, with volumes reaching $343bn in the first six months of 2020.
07/24/2020
Mideast sovereign investors hunt for bargains in Europe
Sovereign wealth funds in the Gulf are among the biggest in the world.
07/23/2020
Abu Dhabi property sales set to increase in H2 2020
Both sales prices and rents dropped during the second quarter in the emirate
07/23/2020
Qatar's capital market should encourage more primary issuances
The report recalled that the establishment of derivatives markets has been part of the capital market development plans in Malaysia.
07/22/2020
Chimera Capital LLC launches the first exchange-traded fund tracking S&P Shariah-compliant index in the UAE
Chimera S&P UAE Shariah ETF will have both distributing and accumulating share classes listed on the Abu Dhabi Securities Exchange and the Dubai Financial Market
07/22/2020
QSE looking at dual listing of ETFs on Nasdaq
The asset management landscape in Qatar largely centred on mutual funds in the past, but the introduction of ETFS over the last two years have transformed the composition of the market, said a joint report by the Qatar Financial Center (QFC) and Refinitiv
07/22/2020
Dubai expatriates race for new jobs after virus layoffs
In a country where permanent residency is not generally offered, even for those who have spent decades in the UAE, as the redundancies begin to mount many are being forced to sell up their things and make a quick exit.
07/21/2020
UAE advice firm to open Portugal office
As company confirms it will soon be offering services in the US
07/21/2020
Raya Holding offers securitized bond
The Commercial International Bank – Egypt acted as the lead underwriter
07/21/2020
Abu Dhabi’s bid to create a complete ecosystem for startups
The ecosystem, known as Hub71, was created to deliver a government goal to diversify the economy and the desire to be the next tech centre of innovation.
07/21/2020
UAE Asset Manager to Start ETF Trading in Dubai and Abu Dhabi
Exchanges in the country are stepping up efforts to diversify their product offerings and boost trading activity as the economy battles to recover from lower oil prices and the impact of the coronavirus.
07/20/2020
Sukuk Market Developing Fastest in Saudi Arabia
A growing number of corporates such as Saudi Telecom Company, Savola and Al Marai issued local currency sukuk in 2019.
07/20/2020
Emerging Markets in Search of a Fresh Impetus
In the medium to longer-term, the issue facing EMs will morph from immediate containment strategies to structural reforms to offset the potential permanent damage to economies.
07/20/2020
Ahlibank posts half-yearly net profit of QR294mn
Net interest income increased by 13% from June 2019. Net operating income went up by 6% compared to June 2019